1/115 Derby Street
Penrith, NSW 2750

Discover Maiden Place, a unique opportunity to secure a brand new apartment in the heart of Penrith. This boutique development features 62 apartments with 1, 2, and 3 bedroom options, offering a variety of floorplans facing north and south. The architecture is timeless and the apartments are available at exceptional value, ready for occupancy by the first quarter of 2026.

The apartments boast a stylish kitchen equipped with a stone benchtop featuring a waterfall edge, complemented by a marble-look splashback. Premium stainless steel appliances include a Haier dishwasher, cooktop, and oven. Porcelain timber-look tiles are installed in the entry and kitchen areas, alongside a linen cupboard and pantry for ample storage.

Ducted air conditioning is installed throughout the apartments, and floor-to-ceiling windows enhance the natural light, creating a bright and welcoming living space. Bathrooms feature decorative tiling, a vanity cupboard, and a framed shower recess. The building includes a six-storey atrium that allows an abundance of natural light on every level.

The design incorporates low maintenance materials and functional features, making it ideal for young families and busy professionals. Living areas and bedrooms are carpeted and include mirrored robes for additional storage. The classic brick façade ensures the building will stand the test of time.

Residents benefit from excellent rental returns, with one-bedroom apartments renting for approximately $600 per week and two-bedroom apartments for around $700 per week. Strata levies are affordable, estimated at approximately $700 per quarter. The development also offers nine visitor car spaces in the basement.

Maiden Place is particularly attractive for first home buyers due to several government incentives, including a $10,000 grant for properties under $600,000, the First Home Guarantee/5% Deposit Scheme, the Help to Buy/Shared Equity Scheme (which provides up to 40% equity contribution for new builds requiring only a 2% deposit), and stamp duty exemption for properties up to $800,000.

With no neighboring developments, each apartment enjoys leafy outlooks and a peaceful streetscape. The location is convenient, within walking distance or a short drive to schools, shops, cafes, and public transport. Nearby amenities include Penrith Public School and Selective High School (550m), Nepean Hospital (800m), St Dominic's College (1.3km), TAFE Penrith (1.4km), Nepean Village with 24-hour Kmart (1.5km), Penrith train station and Westfield (1.9km), Jamison Park (2.1km), and Western Sydney University (2.4km).

Future infrastructure developments such as the second airport (22km away) and St Marys metro station (7.6km away), both expected by 2026, along with population and job growth, enhance the appeal of Penrith. The area offers world-class shopping amenities and an express train service from Penrith to Central Station in just four stops (48 minutes).

Outgoings for the property include water rates of approximately $170 per quarter, council rates of approximately $483 per quarter, and strata levies of approximately $650 per quarter.