For Sale

342-350 High Street, Penrith

342-350 High Street, Penrith NSW 2750

Apartment

Type

Residences

Floor Count

Late 2029

Est. Completion Date

Last updated on Tuesday, May 12, 2026

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AI Property Insight

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A contemporary mixed-use development in Penrith offering 29 apartments and commercial spaces with extensive basement parking, blending modern living with heritage surroundings.

🏡 Property Highlights

Approval for 29 modern apartments in a prime Penrith location
Two contemporary buildings with mixed-use and residential focus
Adjacent to a heritage-listed historic bank building, blending history with modern development
Basement parking for up to 86 vehicles across both buildings
Strategic central location with commercial and residential amenities
Development valued at $20 million, promising significant investment potential

✨ Key Features

Open-Plan Living
Basement Parking
Commercial Tenancies
Multiple Bedrooms
Heritage-Adjacent Location
Mixed-Use Development
Multiple Storeys
New Construction
High-Density Living
Central Location

Suburb and Property Insights of Penrith, NSW 2750

Penrith is a vibrant hub offering a blend of historic charm and modern amenities. Key points include: central location with easy access to transport, proximity to heritage-listed sites, diverse retail and dining options, strong community atmosphere, and ongoing development projects enhancing liveability and investment appeal.

Frequently Asked Questions

What types of amenities are available within walking distance of the development?

The development is centrally located with easy access to retail outlets, cafes, public transport, and recreational facilities in Penrith's vibrant town centre.

Are there any plans for future infrastructure or community projects nearby?

Penrith is undergoing ongoing development, including transport upgrades and community facilities, which will enhance the area's livability and connectivity.

What is the expected completion date for the development?

Construction permits are currently being sought; the expected completion date will be confirmed once all approvals and permits are secured.

What are the features of the commercial spaces included in the development?

The ground floor includes four commercial tenancies designed for retail, office, or service-based businesses, with flexible floor space across four levels.

Is there public transport readily accessible from the property?

Yes, the development's central location provides excellent access to bus and train services in Penrith, facilitating easy commuting.

What to ask about this property to agent?

Are there any existing easements, covenants, or zoning restrictions affecting the property? What are the projected ongoing costs, including strata fees or maintenance charges? Are there any planned or upcoming construction projects nearby that could impact the property? Has the development received all necessary approvals and permits, including construction and occupancy permits? Are there any known heritage restrictions or conservation requirements related to the heritage-listed building? What are the flood or bushfire risks associated with the property and surrounding area? Is there any history of structural issues or defects in the existing buildings or planned construction? Are there any restrictions on future modifications or renovations to the apartments or commercial spaces? What are the details regarding the basement parking arrangements and access? Are there any community or strata fees associated with the residential apartments?

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342-350 High Street, Penrith NSW 2750 - More Details

A Penrith real estate agent has won planning approval for 29 apartments in a seven-storey mixed-used development across two buildings in the centre of his hometown.

Colin and Andrea Henry will now seek a construction permit for the two buildings on adjoining lots at 342–350 High Street, Penrith.

The $20-million development will be built next to a 144-year-old heritage-listed former bank headquarters.

The first of the two new buildings will front High Street and includes four commercial tenancies on the ground floor, commercial floor space on four levels, and three and four-bedroom apartments on the upper levels. Basement parking will house up to 56 vehicles.

The rear building will be exclusively residential with 26 apartments across seven floors and basement parking for 30 cars.

Map & nearby places — 342-350 High Street, Penrith NSW 2750

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342-350 High Street, Penrith NSW 2750

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