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Overview
This property represents a unique development opportunity in Penrith CBD, encompassing three adjoining sites with a total land area close to 1,902 square metres. Located on a prominent corner in the rapidly evolving Penrith City Centre, the combined site offers exceptional flexibility, allowing for purchase as a whole or as individual parcels.
The combined properties include an original condition three-bedroom fibro home, a damaged home offered as land value only, and a neat two-bedroom fibro home accompanied by a lock-up garage. Currently, two of the properties are tenanted, providing immediate holding income while plans for future residential development in this high density R4 zoned area are explored and approved by council.
Besides the substantial land size, the site's level and regular shape, along with its premium corner positioning, make it particularly attractive for developers seeking to capitalize on the area's growth. Penrith is undergoing considerable transformation, benefiting from investment in transport infrastructure, healthcare, education, and high-density residential living, rendering such large-scale redevelopment chances increasingly rare.
This opportunity suits investors or developers aiming for a significant presence within one of Western Sydney's fastest-growing metropolitan centres. The surrounding environment includes proximity to key amenities such as Penrith Station, Westfield Penrith, Nepean Hospital, and Western Sydney University, contributing further to its potential value and appeal.
Local Market Insights
In Penrith, Quiet Listings observed 47 new houses entering the market over the last 30 days, up from 32 during the previous 30-day period, with an average advertised asking price of $1,148,999. The property type mix of listed properties is predominantly Houses at 47%, followed by apartments (28%), and townhouses (10%). Ray White was the most active agency in this area, representing 22.4% 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.
Location
Penrith NSW 2750
Market Insights for Penrith NSW 2750
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
