145 - 147 Derby Street
Penrith, NSW 2750

Fantastic opportunity awaits the right buyer to purchase a property with endless potential centrally located in the City of Penrith.

The vendor will consider selling the properties individually to the right buyer.

The property is found near Penrith's Medical Hub with a short drive to the Penrith CBD. Every family member can enjoy all the amenities and recreation facilities this thriving and prosperous city has on offer.

This combined double adjacent blocks total approximately 1380 square meters in area with a combined frontage over 30 meters. The site is zoned R4 High Density Residential with a height limit of 18 meters and possible future development opportunities subject to council approval.

One property comprises a very large 4-bedroom home plus study, with two bathrooms, requiring some renovation. The second home is ready to be demolished; the site is a blank canvas awaiting the next creative developer to come with their master plan.

This property combines lifestyle and investment potential in one. It is perfectly positioned near Nepean District Hospital, Penrith Academic Selective School, Western Sydney University, train stations, public transport, and the M4 motorway. A short drive to Penrith CBD offers an abundance of cafes, restaurants, and shopping opportunities making everyday living easy and convenient.

Whether you are searching for a comfortable family home, a rental-ready investment property in Penrith, or a block with development potential (subject to council approval), 145-147 Derby Street Penrith is perfectly positioned to deliver.

Penrith City is located within the capital growth corridor of the Western Sydney Region, with significant upgrades including Penrith's Medical Hub, the new Western Sydney International Airport due to open in 2026, the new Airport Metro currently under construction, the new M12 motorway, and other associated major infrastructure projects. The Western Sydney Region is attracting considerable business activity and investment due to these infrastructure projects.

Highlight aspects of this property include:

• Prime Western Sydney rapid growth corridor location
• Near significantly upgraded Penrith's City Medical Hub
• Raw site perched on the high side of the road
• Zoning: sought after R4 (High Density Residential development)
• Height limit: 18 meters
• Total area: approximately 1380 square meters
• Both properties currently vacant
• Short drive to Westfield & Nepean Village, Panthers, train station, Penrith Academic Selective High School & High Street
• Easy access to M4 Western Sydney Motorway & Western Sydney International Airport

A lot more to see upon your inspection.

Zone R4 High Density Residential (Penrith Local Environmental Plan 2010) objectives include providing for the housing needs of the community within a high-density residential environment, offering a variety of housing types, enabling other land uses that provide facilities or services to meet day-to-day needs of residents, ensuring a high level of residential amenity, encouraging affordable housing, and ensuring development reflects the desired future character and dwelling densities of the area.

Permitted uses without consent include home occupations. Permitted with consent uses include boarding houses, building identification signs, business identification signs, car parks, centre-based child care facilities, community facilities, emergency services facilities, environmental protection works, exhibition homes and villages, flood mitigation works, home-based child care, home businesses, information and education facilities, neighbourhood shops, oyster aquaculture, places of public worship, recreation areas and facilities (indoor), residential accommodation, respite day care centres, roads, and shop top housing.

Please note: Some images may be AI generated or digitally styled for marketing purposes only. Any prospective buyer must physically inspect the property before submitting an offer to purchase.

Whilst all care has been taken preparing this advertisement and the information contained herein has been obtained from sources believed to be dependable, no warranty, representation, or guarantee is made as to the accuracy, adequacy, or completeness of the information. Potential purchasers should make their own investigations before purchasing.