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326 Kareela Road
Penrose, NSW 2579

Contact Agent

Land 1012 m²
Listed Date: 18th Jun 2026
Last Updated: 19th Jun 2026
Overview

326 Kareela Road, Penrose

What an Opportunity to Build Your Dream Home with Convenience in The Southern Highlands

A magnificent opportunity is available for buyers seeking to build their dream home in a convenient location near Mittagong and Bowral. This rare and fairly level block of land, measuring 1,012 square meters, is situated in a quiet pocket of Penrose Heights, offering a beautiful and enjoyable semi-rural atmosphere while providing easy access to the town centres of Mittagong and Bowral.

The property is only a short walk from the local school and township shopping, ideal for groceries and daily needs. For commuters, the Hume Freeway provides convenient access north to Sydney and south to Goulburn and Canberra.

The block is essentially rectangular in shape with a gentle downward slope towards the rear boundary, making it suitable for a variety of home designs. This topography allows for greater design versatility for your future home, accommodating different architectural styles and layouts.

Penrose Train Station is located just a few minutes' walk away, offering rail connections to Sydney, Goulburn, and Canberra, enhancing the accessibility of the location.

This is a genuine opportunity to own a rare block of land with the potential to build a dual occupancy (subject to council approval), making it ideal for families or investors looking to maximise the property's potential.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.

Location
326 Kareela Road
Penrose NSW 2579
Market Insights for Penrose NSW 2579
New Listings (last 30 days)
7
Average price
$1,365,000
Lowest price
$330,000
Highest price
$5,500,000
Other properties in this postcode

* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.