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Overview
This prime vacant land at 172 Derby Street, Penrith, offers a unique development opportunity with its prominent corner position and sizeable 1,271 square meter area within a well-established Western Sydney urban centre.
Zoned R3 Medium Density Residential, the site is ideally suited for medium density housing projects, including townhouses or boutique apartment blocks, presenting a clear pathway to development under local planning controls. The generous land dimensions of approximately 22.8 meters wide by 55.5 meters deep provide flexible design options to maximize usability and amenity.
The location itself enhances the site's appeal, benefiting from close proximity to key amenities such as Penrith Station, Nepean Hospital, and reputable educational institutions including both Penrith Public School and Penrith Selective High School. This connectivity ensures convenience for future residents, with easy access to transport, healthcare, education, and retail services.
- Spacious corner allotment of about 1,271 sqm, offering substantial development potential
- R3 Medium Density Residential zoning supports various medium density housing formats
- Vacant land ready for development, subject to council approval, enabling streamlined project commencement
- Prominent position within an established local streetscape provides strong street presence
- Central Penrith location with excellent access to major transport routes and community facilities
Scheduled for auction in July 2026, this site represents an excellent entry point for developers or investors targeting growth within Sydney’s expanding western corridor. Its combination of land size, zoning, and location creates significant potential for a value-adding residential development project.
Local Market Insights
In Sydney - Outer West And Blue Mountains, Quiet Listings observed 77 new parcels of land entering the market over the last 30 days, up from 48 during the previous 30-day period, with an average advertised asking price of $1,308,697. The property type mix of listed properties is predominantly Houses at 70%, followed by land (11%), and townhouses (6%). The most active agency for land in the Sydney - Outer West And Blue Mountains area is currently Urban Real Estate, representing 25% of new listings, followed by Ray White with 17%. 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
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Location
Penrith NSW 2750
Market Insights for Penrith NSW 2750
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