Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

172 Derby Street
Penrith, NSW 2750

Auction

Search Band

$1.6M - $1.76M Low Confidence

Land 1271 m²

Listed Date: 18th Jun 2026

Overview

172 Derby Street

This property at 172 Derby Street, Penrith, is a boutique corner development site being offered to the market via public auction on behalf of the NSW Government. It is positioned on a prominent corner allotment measuring approximately 1,271 square metres, presenting a rare and compelling opportunity within one of Western Sydney's most established and well-connected urban centres.

The site is zoned R3 Medium Density Residential under the Penrith Local Environmental Plan, providing a clear pathway for medium density residential development, subject to council approval. This zoning allows for a variety of residential development options, making it an attractive prospect for developers and investors looking to capitalize on the growing demand for housing in the area.

Located centrally, the site offers convenience for future residents with close proximity to key amenities. Penrith Station is approximately 1.5 kilometres away, providing access to public transport. Nepean Hospital is within 1.2 kilometres, ensuring healthcare facilities are easily accessible. Educational institutions are also nearby, with Penrith Public School just 500 metres away and Penrith Selective High School approximately 800 metres from the site.

Key features of the property include:

Corner allotment of 1,271 square metres
R3 Medium Density Residential zoning
Site dimensions approximately 22.8 metres by 55.5 metres
Vacant land, ready for development
Prominent corner position within an established Penrith streetscape
Central location with access to major transport, health, education, and retail amenities

The auction is scheduled for 10:30 a.m. on Wednesday, 22 July 2026, to be held in rooms at Auctionworks, 50 Margaret Street, Sydney. Interested parties should note that the development is subject to council approval and all measurements are approximate.

This offering represents a significant opportunity for developers and investors to acquire a substantial parcel of land in a thriving and well-connected location, with strong potential for medium density residential development. The site’s corner position and generous dimensions provide flexibility in design and development, catering to a range of residential projects that can meet the needs of the growing Penrith community.

Given the strategic location and zoning, this property is well-positioned to benefit from the ongoing growth and development in Western Sydney, making it an attractive proposition for those looking to invest in the region’s residential market.

Prospective buyers are encouraged to conduct their own due diligence and consider the potential of this site within the context of Penrith’s urban development plans and market dynamics.

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.