Neighbouring Penola properties once home to fantasy kingdom up for grabs – realestate.com.au

Jessica Brown

Updated 31 Jan 2024, 1:40pm

First published 31 Jan 2024, 7:30am

News Corp Australia Network

The three Penola properties at 38 to 40 Riddoch St are up for grabs as a package or separately. Picture: realestate.com.au

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The former home of a fantasy kingdom at the heart of a regional SA town is offering prospective buyers a dream investment.

The neighbouring Penola properties at 38 to 40 Riddoch St, which were more commonly known as The Magical and Colourful Kingdom of Penolaraya until a few years ago, have hit the market.

The “one-of-a-kind offering” includes three titles – a one-bedroom cottage, a four-bedroom home and a vacant block on 3040sq m in the town’s centre.

The properties are well known for once being home to The Magical and Colourful Kingdom of Penolaraya. Picture: Tait Schmaal.

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It was a huge attraction for more than a decade up until a few years ago. Picture: Tait Schmaal.

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A one-bedroom cottage is part of the offering. Picture: realestate.com.au

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Once a fantasy train showroom and park featuring a collection of themed artwork, sculptures and model railways for more than a decade, the properties have served as a family home for the past three years.

Selling agent Karly Honner, of Thomas DeGaris and Clarkson real estate, said the current owners purchased the properties in December 2020 as a family home.

“So it would be enough room for the family and the grandparents,” she said.

“The family live in the bigger house, the grandparents in the cottage.”

Ms Honner said it was a big job removing all of Penolaraya’s elements but the owners transformed it into a comfortable family home.

“For example, there was a huge pond at the front that they’ve bought a lot of dirt in to fill,” she said.

There is a large yard. Picture: realestate.com.au

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The main house has been transformed into a home inside. Picture: realestate.com.au

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There is plenty of space to entertain. Picture: realestate.com.au

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While they’ve loved the property, Ms Honner said they were selling to relocate to Darwin.

She expected it to attract a lot of interest this time around – especially because they were offering the three properties as a package or the house separately to the cottage and vacant block.

“Interest last time was OK, a lot of people couldn’t see past the fantasy train park because it was a giant job,” she said.

“It’s just the most amazing location in Penola.

“There’s so much you can do with 3000sq m in the city centre.”

The properties are being sold via an expressions of interest campaign, which closes at 4pm on February 29.

The properties are right in the heart of Penola. Picture: realestate.com.au

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