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35 Doonmore Street, Penrith NSW 2750

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$3.5M - $3.75M Medium Confidence Calculated based on our search observations.

House 5 Beds 1 Bath 790 m²

Listed: 5th Aug 2026

Overview

This property at 35 Doonmore Street, Penrith, showcases a valuable development opportunity in one of Western Sydney's fastest-transforming metropolitan centres. The site forms part of a rare, large-scale combined landholding of approximately 1,902 square metres encompassing three adjoining lots, with this particular parcel measuring around 790 square metres. Located on a premium corner plot within the heart of Penrith CBD, the property benefits from R4 High Density Residential zoning which encourages potential for significant future residential development pending council approval.

Currently, 35 Doonmore Street is a neat, tidy fibro home featuring two bedrooms and a lock-up garage, consistent with the character of the area. Its street frontage and depth provide a level, regular-shaped site favorable for redevelopment plans. Alongside two adjoining neighboring properties—one a three-bedroom fibro home and the other a land-value-only damaged home—this offering provides flexibility for buyers to acquire individually or as a combined package, diversifying investment options.

The location is a critical strength, positioned moments from major transport hubs such as Penrith Station, retail amenities including Westfield Penrith, key health facilities like Nepean Hospital, and educational institutions such as Western Sydney University. These factors contribute to strong demand for housing in the region, especially for high-density projects that meet growing urban living needs. The site's prominence and accessibility make it appealing to developers and investors focused on the area’s substantial government and private investment trajectory.

While the current dwellings provide immediate holding income through tenancy on two properties, the overarching value lies in the site's development potential. This offering is most suited for purchasers keen to leverage Western Sydney's expanding infrastructure and residential market growth, encompassing developers, investors, and portfolio managers seeking a foothold in a key metro development precinct.

Local Market Insights

In Penrith, Quiet Listings observed 26 new houses entering the market over the last 30 days, unchanged from 26 in the prior period, with an average advertised asking price of $1,165,846. The property type mix of listed properties is predominantly Houses at 49%, followed by apartments (26%), and units (14%). The most active agency for houses in the Penrith area is currently Aitken RE, representing 27% of new listings, followed by Ray White with 23%. 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.