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19 Hillcrest Avenue, Penrith NSW 2750

Tue 24th Nov At 6:30pm

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$1M - $1.1M High Confidence Calculated based on strong search observations.

House 3 Beds 1 Bath 1 Car 815 m²

Listed: 39 days ago

Updated: 14 hours ago

Overview

Positioned on a prominent corner block of approximately 815 square metres in the sought-after suburb of Penrith, this property offers significant potential for a variety of buyers, including home renovators, developers, and investors.

The existing home features three bedrooms, one bathroom, and an uncovered parking space, providing a functional base residence while the substantial land size, generous frontage, and R2 zoning open the door to multiple future development opportunities, subject to council approval. Prospective buyers can consider options ranging from renovation and value-add projects to rebuilding or exploring a duplex or combined house and granny flat development scenario.

Located close to schools, shops, and public transport, the site combines lifestyle convenience with strategic investment appeal. The listing's flexible potential is ideal for owner-occupiers looking for their next project or investors seeking to unlock long-term growth in a stable area with redevelopment opportunities.

Corner block with excellent street exposure and land area
R2 zoning providing diverse development possibilities
Functional three-bedroom home to renovate or replace
Close proximity to essential services and transport
Appeals to renovators, developers, and savvy investors

This property offers a rare chance to acquire a large parcel of land with promising potential in Penrith's competitive market.

Local Market Insights

In Penrith, Quiet Listings observed 28 new houses entering the market over the last 30 days, up from 27 during the previous 30-day period, with an average advertised asking price of $1,067,250. The property type mix of listed properties is predominantly Houses at 48%, followed by apartments (29%), and units (14%). The most active agency for houses in the Penrith area is currently Ray White, representing 25% of new listings, followed by PRD Nationwide 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.