1/115 Derby Street, Penrith, NSW 2750

$550,000

Apartment
Type
1
Bedrooms
1
Bathrooms
1
Parkings
61 m²
Area

Last updated on Friday, June 19, 2026 ( See property details for 1/115 Derby Street, Penrith, NSW 2750)

$550,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A stylish, low-maintenance one-bedroom apartment in the heart of Penrith, offering modern living with excellent amenities and government incentives.

🏡 Property Highlights

  • Brand new boutique development with modern architecture
  • Excellent rental yields of $600-$700 per week
  • Prime location close to schools, transport, and amenities
  • Government incentives including grants and stamp duty exemptions
  • Natural light-filled interiors with floor-to-ceiling windows
  • Low maintenance materials ideal for busy professionals and families

✨ Key Features

  • Air Conditioning
  • Open-Plan Living
  • Built-in Robes
  • Dishwasher
  • Waterfront / Views
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Outdoor Area / Balcony
  • Internal Laundry

Penrith offers a vibrant community with excellent amenities, including shopping, dining, and education options. Its strategic location provides easy access to transport links, upcoming infrastructure like the second airport and St Marys metro, and a growing job market. The suburb boasts leafy streets, parks, and a family-friendly atmosphere, making it ideal for first home buyers and investors seeking value and lifestyle.

What are the key features of this apartment?
This apartment features a stylish kitchen with stone benchtops, premium stainless steel appliances, ducted air conditioning, floor-to-ceiling windows, mirrored robes, and a balcony with leafy outlooks.
Is the property suitable for first home buyers?
Yes, the property is ideal for first home buyers, with government incentives such as grants, stamp duty exemptions, and shared equity schemes available.
What are the rental prospects for this apartment?
The apartment offers excellent rental returns, with potential weekly rent of $600 for one-bedroom units, making it a strong investment opportunity.
What amenities are nearby?
The property is within walking distance or a short drive to schools, shops, cafes, transport, Penrith train station, Westfield, hospitals, and parks.
What is the construction quality and design?
The apartment features a classic brick façade, timeless architecture, and low-maintenance materials, built by reputable developer Cadence.
Are there any upcoming or planned developments nearby that could affect the view or noise levels? What are the total strata levies and what do they cover? Are there any restrictions or easements on the property? Has the property been inspected for structural defects or pest issues? Are there any planned upgrades or maintenance works scheduled for the building? What are the long-term zoning plans for the area? Is there any history of flooding or bushfire risk in this location? Are there any additional costs or fees not included in the strata levies? What are the rules and regulations of the strata scheme? Is the property compliant with all building codes and regulations?

1/115 Derby Street, Penrith, NSW 2750 - More Details

$550,000

Discover Maiden Place, a unique opportunity to secure a brand new apartment in the heart of Penrith. A boutique development of 62 1,2 and 3 bed apartments, with a range of floorplans facing north and south, with timeless architecture at exceptional value, ready to move in Q1 2026 (by March 2026).

- Stylish kitchen with stone benchtop and waterfall edge, marble-look splash back, premium stainless steel Haier dishwasher, cooktop and oven
- Porcelain timber-look tiles to entry and kitchen, linen cupboard and pantry
- Ducted air con throughout, floor to ceiling windows enhances natural light
- Feature tiling to the bathroom with vanity cupboard and framed shower recess
- 6 storey Atrium that embraces an abundance of natural light on every level
- Low maintenance materials and very functional features for young families and busy professionals
- Carpeted living and bedroom with mirrored robes
- Classic brick façade to stand the test of time, built and developed by Cadence
- Excellent rental return at $600 per week for 1 beds and $700 per week for 2 beds, with very affordable strata levies at approx. $700 per quarter.
- 9 visitor car spaces to basement

Maiden Place is perfect for first home buyers to take advantage of the following government incentives:
- $10,000 grant for properties under $600,000
- First Home Guarantee/5% Deposit Scheme
- Help to Buy/Shared Equity Scheme (the Government provides up to 40% equity contribution for new builds, only requiring a 2% deposit)
- Stamp Duty Exemption up to $800,000

With no neighboring developments, every apartment enjoys leafy outlooks and a peaceful streetscape, perfectly positioned within walking distance or a short drive from schools, shops, cafes and transport. 550m to Penrith Public School and Selective High School, 800m to Nepean Hospital, 1.3km to St Dominic's College, 1.4km to TAFE Penrith, 1.5km to Nepean Village with 24 hour Kmart, 1.9km to Penrith train station and Westfield, 2.1km to Jamison Park, 2.4km to Western Sydney University.

With the 2nd airport coming by 2026 (22km away), St Marys metro by 2026 (7.6km away), population and jobs growth, a new generation is discovering the magic of Penrith with its world-class shopping amenities and express train from Penrith to Central in 4 stops (48 mins).

Outgoings:
Water Rates: $170 p/q approx.
Council Rates: $483 p/q approx.
Strata Levies: $650 p/q approx.
Type
Apartment
Bedrooms
1
Bathrooms
1
Parkings
1
Area
61 m²
House Size
61 m²

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