145 DERBY STREET, Penrith, NSW 2750

Price Guide $1,200,000 to $1,300,000

House
Type
4
Bedrooms
2
Bathrooms
1
Parkings
695.6 m²
Area

Last updated on Wednesday, May 20, 2026 ( See property details for 145 DERBY STREET, Penrith, NSW 2750)

Price Guide $1,200,000 to $1,300,000

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

A spacious four-bedroom home on a substantial R4 zoned block in Penrith CBD, offering excellent investment and redevelopment potential.

🏡 Property Highlights

  • Prime R4 zoned property in Penrith CBD with significant development potential
  • Large 695.6 sqm land area with future growth and redevelopment prospects
  • Existing spacious four-bedroom home with modern amenities and strong rental appeal
  • Potential to purchase adjoining site at 147 Derby Street for combined development
  • Excellent location close to Nepean Hospital and established medical and commercial precincts
  • Flexible investment options including landbanking, redevelopment, or leasing

✨ Key Features

  • Ensuite
  • Dishwasher
  • Walk-in Pantry
  • Ducted Air Conditioning
  • Outdoor Area / Balcony
  • Shed
  • Garage / Secure Parking
  • Open-Plan Living
  • Home Office / Study Nook
  • Large Storeroom

Penrith is a vibrant growth hub with a strong focus on redevelopment and urban renewal. The suburb offers excellent connectivity, proximity to major health and commercial facilities, and a diverse community. Its strategic location near Nepean Hospital and established businesses makes it highly attractive for investors and developers. Ongoing government and private investments continue to enhance the area's long-term prospects. The neighbourhood features a mix of residential, medical, and commercial developments, with significant potential for future multi-level projects.

What is the current condition of the property and its suitability for immediate occupancy?
The property is well-maintained and offers immediate rental appeal, making it suitable for tenants or short-term occupancy while planning future redevelopment.
What are the potential future development options for this site?
Subject to council approval (STCA), the site can be developed into apartments, medical facilities, childcare centres, or boarding houses, leveraging its R4 high-density zoning.
Is there existing planning or development approval in place?
Currently, there are no approved plans; future development would require council approval and compliance with local zoning regulations.
What are the nearby amenities and transport options?
The property is approximately 500m from Nepean Hospital and is surrounded by established medical and commercial businesses, with excellent connectivity within Penrith CBD.
Are there any known restrictions or easements affecting the property?
Potential buyers should conduct their own due diligence regarding easements, covenants, or restrictions that may impact development plans.
Are there any hidden costs associated with the property, such as outstanding council rates or levies? Has the property been affected by any flooding, bushfire risks, or environmental hazards? Are there any existing planning restrictions, easements, or covenants that could limit redevelopment? What is the zoning compliance status, and are there any pending planning applications? Is there any ongoing or upcoming construction activity in the vicinity that could impact future development or living conditions? Are there any strata or body corporate considerations if purchasing both adjoining sites? What are the potential costs involved in subdividing or developing the site? Are there any noise or neighbour-related issues that could affect living or investment plans? What are the specific requirements for council approval for future development? Is the property free from any encumbrances or legal issues that could affect ownership or future use?

145 DERBY STREET, Penrith, NSW 2750 - More Details

Price Guide $1,200,000 to $1,300,000

Type
House
Bedrooms
4
Bathrooms
2
Parkings
1
Area
695.6 m²

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