121 Watton Street

Penshurst VIC 3289

2043 m²

House

Last sold for $415,000

Sam Langley, last sold this property on 08 September 2026 after 106 days on market.

Overview

Historic Charm & Untapped Potential on 2,043m² (approx)

Steeped in local history, this character filled country home sits on a generous 2,043m² (approx.) allotment, offering a rare blend of timeless charm and lucrative future rewards. Featuring original bluestone walls (Circa. 1860) and classic timber floorboards, the property delivers an idyllic country lifestyle in the heart of Penshurst. Currently generating immediate income with a reliable month-to-month tenancy, this three bedroom residence is a standout opportunity for investors, renovators, or developers looking to subdivide (STCA). The practical layout boasts a light filled main living zone equipped with a wood heater and a split system unit for year round comfort. A spacious country kitchen features a gas cooktop, electric oven, dishwasher, large pantry, and a west facing window framing serene rural views. The adjoining open plan dining area features a cozy electric log burner, creating the perfect hub for family gatherings. Two bedrooms sit at the front of the home, capturing abundant natural light through large windows. A flexible third bedroom opens off the dining space, serving perfectly as a dedicated home office or nursery. All rooms are serviced by a central family bathroom with a separate bath and shower, plus a convenient independent toilet located off the rear mudroom and laundry. The outdoor space is a major asset, showcasing a secure backyard with established bluestone garden beds, tank water, and a sheltered entertaining area. A single garage offers a versatile studio conversion or workshop space. Beyond the main yard, a large rear paddock with direct vehicle access via Cobb Street opens up endless possibilities for more shedding or a profitable multi dwelling subdivision (STCA). Secure a piece of Penshurst's history with built in income and endless room to grow. Contact us today to arrange your private inspection.

Features

3 bedrooms

1 bathroom

2 carspaces

2043 m² lot size

House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Penshurst over the last 12 months, the estimated median property value of 121 Watton Street is $415k.

Median value

$415k

Estimated value range

$330k - $485k

Median days on market

109

Estimated value trend

93%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Penshurst. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.