149 Penola Road,
Mount Gambier 5290, South Australia

EXPRESSIONS OF INTEREST BY WEDNESDAY 2ND JULY 2025 (UNLESS SOLD PRIOR)

The snapshot:

Brimming with period charm and future potential, this four-bedroom, stone, character home sits on a rare 1.1-acre allotment just minutes from Mount Gambier's key amenities. Featuring soaring ceilings, timber details and large light-filled rooms, it's ready to restore, extend or develop (STCA). A unique opportunity to reimagine a grand old home in a convenient, well-connected part of town.

The location:

Mount Gambier is a thriving regional city known for its stunning natural landmarks, vibrant community, and relaxed lifestyle. From the iconic Blue Lake to local schools, shops, and cafés, everything you need is close at hand. Whether you're exploring the crater lakes or enjoying the city's growing food scene, Mount Gambier offers the perfect blend of convenience and country charm.
Mount Gambier CBD - 3 min (1.9km)
Blue Lake - 7 min (4km)
Mount Gambier Hospital - 2 min (1.7km)

The home:

Set on an extraordinary 1.1-acre allotment (about 4,459sq m), 149 Penola Road offers a rare opportunity to secure a substantial period home with undeniable charm and boundless future potential.

Whether you're looking to restore, extend, or develop (STCA), this is a property with promise.

Behind its timeless stone façade, the home opens into a traditional long hallway with soaring ceilings, decorative wallpaper, timber architraves, and striking pendant lighting that immediately signal its heritage appeal.

To the left, a front sitting room or formal dining space boasts a feature mantelpiece and floral carpet, it's just one of many rooms offering a glimpse into the home's gracious past.

Across the hall, the first of four bedrooms features high ceilings, full-height built-in robes and a brick fireplace. It's a space ideal for those wanting to retain and restore the home's character.

The second and third bedrooms continue the theme with beautiful timber mantelpieces and ample built-in storage.

At the rear, a flexible fourth bedroom, home office or second living room offers added versatility for families or those working from home.


The central open-plan dining/living area is expansive, with period details including ceiling roses and wall sconce lighting.

The kitchen is spacious, with glass-fronted cabinetry and a traditional eat-in layout, along with a side-by-side oven and stove.

A tidy bathroom includes a bath, pedestal basin and separate shower, and there's a designated laundry for everyday convenience, along with a bank of timber linen storage cupboards in the hallway.

Step outside and the possibilities multiply. With over an acre of land at your disposal, there's room to extend the existing home, create an outdoor oasis, subdivide or even build an additional dwelling (STCA).

Located within walking distance of the hospital precinct, Bunnings, schools, parks, and the TAFE, this property combines lifestyle, location and long-term value.

A home with good bones and great potential, 149 Penola Road is ready for its next chapter.

Restore it to its former glory, make your mark with a contemporary update, or unlock the development potential of its supersized block - the choice is yours.

Additional Property Information:

Age/ Built: 1854
Land Size: 4459m2
Council Rates: Approx $455 per quarter
Rental Appraisal: We have conducted a rental appraisal for approximately $410 to $430 per week. RLA 291953