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Overview
Located in the growth corridor of Penrith, this substantial 5-bedroom house offers a uniquely flexible opportunity for investors, owner-occupiers or developers aligned with R4 zoning regulations. Its strategic positioning near the Nepean Medical Precinct and Hospital situates it at the heart of employment and health services in Western Sydney, enhancing rental and future development appeal.
The property's proximity to Penrith CBD ensures residents enjoy convenient access to essential amenities including shopping, dining, education, and transport connections, making it suitable for diverse living needs.
Boasting five bedrooms, two bathrooms, and secure dual parking, the existing three-bedroom residence generates immediate rental income, easing entry for investors while they plan longer-term strategies. A separate two-bedroom studio provides further versatility—presenting renovation potential subject to council approval, appealing to buyers interested in value-adding projects or expansion options.
Additional pleasant features such as floorboards and full fencing enhance the lifestyle offering by promoting comfort and security, while secure parking addresses practical vehicle accommodation needs.
This property is particularly attractive for those looking to capitalize on Penrith's tightly held growth locations, offering a foothold in a precinct with robust development and investment prospects. Whether the buyer is an investor aiming for income and future capital growth, a renovator seeking a project, or a developer focusing on strategic asset acquisition, 131 Derby Street delivers flexibility and excellent potential within an accessible and well-serviced urban setting.
Local Market Insights
In Penrith, Quiet Listings observed 29 new houses entering the market over the last 30 days, down from 30 during the previous 30-day period, with an average advertised asking price of $1,191,617. The property type mix of listed properties is predominantly Houses at 48%, followed by apartments (17%), and townhouses (15%). The most active agency for houses in the Penrith area is currently Ray White, representing 31% of new listings, followed by Aitken RE with 21%. 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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