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Overview
This property at 106 Copeland Street in Penrith is an exceptional opportunity blending an existing renovated residence with substantial development potential. Set on an expansive 834.7sqm block zoned R4 High Density Residential, it offers a rare chance for developers, investors, or builders to capitalize on a prime parcel of land in a convenient location close to Penrith CBD and local amenities.
The current residence has been fully renovated, featuring three bedrooms with built-in wardrobes, a modern kitchen and bathroom, and multiple living areas enhanced by timber laminate flooring and efficient split system air conditioning. This attractive home is well suited to generate holding income, with an estimated rental return of approximately $650 per week, allowing investors to secure rental yields while exploring future redevelopment possibilities subject to council approval.
The sizeable landholding provides a canvas for substantial residential development in a sought-after area, offering flexibility and growth options. Proximity to schools, public transport, shopping, parks, and dining enhances the lifestyle appeal, making this site ideal for professionals or investors targeting growth in a strategically located precinct.
- Large 834.7sqm block with R4 zoning enabling high-density residential options (STCA).
- Completely renovated three-bedroom residence providing comfortable living and immediate rental income opportunities.
- Multiple living spaces complemented by modern finishes include built-in wardrobes and air conditioning.
- Located near Penrith CBD, transport links, education, and essential amenities ensuring convenience and lifestyle.
- Suitable for developers and investors needing a prime site with existing income to support development timelines.
Overall, this site combines the advantage of existing income with exciting redevelopment potential in a desirable growth corridor, presenting a balanced prospect for both immediate returns and longer-term value gain.
Local Market Insights
In Penrith, Quiet Listings observed 31 new houses entering the market over the last 30 days, up from 28 during the previous 30-day period, with an average advertised asking price of $1,323,771. The property type mix of listed properties is predominantly Houses at 46%, followed by apartments (21%), and units (15%). Aitken RE was the most active agency in this area, representing 19.4% 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
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