2/115 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 comprises 62 apartments offering 1, 2, and 3 bedroom options with a variety of floorplans facing north and south. The architecture is timeless and the apartments are offered at exceptional value, with completion and move-in expected by the first quarter of 2026.

The apartments feature stylish kitchens equipped with stone benchtops with waterfall edges, marble-look splashbacks, and premium stainless steel appliances including Haier dishwashers, cooktops, and ovens. Porcelain timber-look tiles are used in the entry and kitchen areas, complemented by a study nook, linen cupboard, and pantry for added functionality.

Ducted air conditioning is installed throughout each apartment, and floor-to-ceiling windows enhance the natural light, creating bright and inviting living spaces. Bathrooms are finished with feature tiling, vanity cupboards, and framed shower recesses, adding a touch of elegance. The building includes a six-storey atrium that embraces an abundance of natural light on every level, contributing to a pleasant and airy atmosphere.

Low maintenance materials and practical features make these apartments ideal for young families and busy professionals. Living areas and bedrooms are carpeted, with mirrored robes in bedrooms and a master bedroom that includes an ensuite bathroom. The classic brick façade ensures the building will stand the test of time, and the development is built and developed by Cadence.

Investment potential is strong, with excellent rental returns estimated at $600 per week for one-bedroom apartments and $700 per week for two-bedroom apartments. Strata levies are very affordable, 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 available, 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.

Each apartment enjoys leafy outlooks and a peaceful streetscape, with no neighboring developments. The location is convenient, within walking distance or a short drive to schools, shops, cafes, and 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).

Looking ahead, the area is set to benefit from significant infrastructure developments including the second airport opening by 2026, located 22km away, and the St Marys metro station opening by 2026, 7.6km away. Penrith is experiencing population and job growth, attracting a new generation with its world-class shopping amenities and express train service to Central Sydney 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 $700 per quarter.