Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.
Overview
Welcome to 145 Derby Street, Penrith, a prime development site located in the heart of Penrith CBD, offering exceptional potential for investors, developers, and landbankers. This property is zoned R4 High Density Residential and is situated on one of Penrith's most sought-after streets known for future growth and redevelopment.
The existing spacious four-bedroom home features generous proportions throughout, including a main bedroom with a private ensuite and an additional well-appointed bathroom. Multiple living areas provide flexibility for families or tenants, complemented by a modern kitchen equipped with a dishwasher and a walk-in pantry. A dedicated dining area is perfect for family meals and entertaining.
Year-round comfort is ensured with ducted air conditioning, while a sunroom offers an ideal space for entertaining or additional living. The deck overlooks the backyard, providing a relaxed outdoor living area. Additional storage is available with a large storeroom and a backyard shed. The property also includes a secure lock-up garage with extra storage space.
This property presents an excellent investment opportunity with a potential rental return of approximately $600 to $650 per week, offering immediate rental appeal while future redevelopment plans are considered.
Location highlights include proximity to Nepean Hospital, approximately 500 meters away, and being surrounded by established medical and commercial businesses. The site is suitable for a range of future developments including apartments, medical facilities, childcare centres, and boarding houses, subject to council approval (STCA). Similar surrounding sites have already been redeveloped into multi-level residential and commercial projects.
Property details for 145 Derby Street include a land size of approximately 695.6 square meters, with a frontage of 15.24 meters and a depth of 45.72 meters. There is also an opportunity to secure the adjoining property at 147 Derby Street, combining for a total site area of approximately 1,378.5 square meters with a combined frontage of 30.14 meters.
With ongoing substantial government and private investment in Penrith, opportunities like this are becoming increasingly rare. Whether you are looking to invest, lease, redevelop, or landbank for the future, this property offers flexibility, a prime location, and exceptional long-term potential.
Disclaimer: All information has been obtained from sources deemed reliable; however, accuracy cannot be guaranteed. Interested parties should conduct their own enquiries and investigations. Images are for illustrative purposes only and do not represent the final product or finishes.
Local Market Insights
In Penrith, Quiet Listings observed 29 new houses entering the market over the last 30 days, up from 27 during the previous 30-day period, with an average advertised asking price of $1,331,824. The property type mix of listed properties is predominantly Houses at 52%, followed by apartments (20%), and units (13%). Aitken RE was the most active agency in this area, representing 20.7% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
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.
Change History
| Headline | When |
|---|---|
| Price Guide $1,100,000 To $1,200,000 | |
| Price Guide $1,200,000 To $1,300,000 |
Location
Penrith NSW 2750
Market Insights for Penrith NSW 2750
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