For Sale

85-87 Lethbridge St, Penrith, NSW 2750-Image

85-87 Lethbridge St, Penrith, NSW 2750

Auction

House

Type

Bedrooms

Bathrooms

Parkings

1,176 m²

Area

Last updated on Wednesday, May 06, 2026 ( See property details for 85-87 Lethbridge St, Penrith, NSW 2750)

Auction

Darren Latty - Real Estate Agent - PRD - PENRITH

Darren Latty Principal

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AI Property Insight

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

A versatile development site in Penrith with approved uses including apartments, duplexes, and medical facilities, offering significant potential for growth and investment.

🏡 Property Highlights

Potential for redevelopment with multiple permitted uses including apartments and duplexes
Significant land size of approximately 1,176m² across two adjoining lots
Zoned R4 High Density Residential with an 18m height limit
Prime location within 800m of Penrith station and town centre
Opportunity to develop in a growing medical corridor with recent DA approvals
Offers a blank canvas following a fire-damaged existing structure, ready for new development

✨ Key Features

Open-Plan Living
Waterfront / Views
Balcony
Outdoor Area
Built-in Robes
Garage
Air Conditioning
Ensuite
Security Screens / Gates
Fly Screens

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85-87 Lethbridge St

Penrith, NSW 2750

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Suburb and Property Insights of Penrith, NSW 2750

Penrith is a vibrant and growing suburb renowned for its excellent transport links, expanding medical and commercial precincts, and diverse housing options. The area offers a strong community atmosphere, proximity to Penrith Station and the CBD, and access to parks and recreational facilities. Its strategic location supports a range of development opportunities, making it an attractive choice for investors and developers seeking long-term growth. The ongoing Nepean Hospital expansion and local infrastructure projects further enhance its appeal as a prime development hub.

Frequently Asked Questions

What are the potential development options for this site?

The site permits a range of developments including residential flat buildings, duplexes, terraces, manor houses, boarding houses, co-living housing, and medical/health services facilities, subject to consent.

Is the property suitable for investment or redevelopment?

Yes, the property offers significant redevelopment potential with approved uses and a large landholding in a strategic location close to transport, medical facilities, and the Penrith CBD.

What is the current condition of the existing structure?

The existing two-storey dwelling has been significantly damaged by fire and is being offered strictly as is.

Are there any height or frontage restrictions?

The site has an 18m height limit and a minimum frontage of 24m, which are suitable for high-density development.

What are the benefits of the location?

The property is within 800m of Penrith station and town centre, in a growing medical corridor, and close to major infrastructure projects like the Nepean Hospital Stage 2 redevelopment.

What to ask about this property to agent?

Are there any existing easements, covenants, or zoning restrictions that could impact development plans? Has a recent structural assessment been conducted on the property, especially considering the fire damage? Are there any planned or upcoming construction projects nearby that could affect the property’s value or development potential? What are the costs associated with demolishing the existing structure and preparing the site for development? Are there any environmental or bushfire risks associated with the land or surrounding area? Is the property compliant with all local council and planning regulations for the intended development? Are there any strata or community title considerations, or is the land freehold? What are the potential costs for obtaining development approvals and permits? Are there any existing service connections or infrastructure limitations on the site? Has a flood risk assessment been conducted for the property?

85-87 Lethbridge St, Penrith, NSW 2750 - More Details

Auction

Some opportunities are born from ashes. This one certainly is.

PRD Penrith Projects is pleased to offer 85-87 Lethbridge Street, Penrith for sale by Auction on Wednesday 13 May at 2:00pm.

Following a significant fire, the existing structure at 85-87 Lethbridge Street has reached the end of its chapter - but the land beneath it is just beginning its story.

Key facts
• 2 adjoining lots
• Approx. 588sqm each
• Approx. 1,176sqm combined
• Approx. 12.19m frontage per lot
• Approx. 24.38m combined frontage
• Zoned R4 High Density Residential
• 18m height limit
• Existing 2-storey dwelling significantly damaged by fire
• Offered strictly as is

Potential Uses - Subject to Consent

Residential Flat Building - Apartments R4 zoning permits residential flat buildings with consent. The combined 1,186m² holding clears Penrith LEP's 1,100m² minimum lot size for apartments. Current LEP height limit is 18m. The frontage of 24.38m meets the minimum requirement of 24m

Duplexes Expressly permitted with consent under the Penrith R4 LEP. The most straightforward and currently most financially feasible path. Two pairs of duplexes across the two existing lots. Each lot of approximately 588m² satisfies the LEP minimum lot size requirement.

Terraces or Manor Houses Permitted pathways under the NSW Low & Mid-Rise Housing Policy (Chapter 6, Housing SEPP, effective 28 February 2025). This site falls within 800m of Penrith station and town centre, a nominated location under the policy.

Boarding House Expressly permitted with consent under the Penrith R4 LEP. The Housing SEPP allows boarding houses to access the maximum permissible FSR for residential accommodation plus an additional 30% FSR where extra floor space is used solely for boarding house purposes.

Co-Living Housing Expressly permitted with consent under the Penrith R4 LEP where residential flat buildings are permitted. The Housing SEPP allows co-living housing up to the standard residential FSR plus an additional 10% FSR bonus. Minimum communal open space of 20% of site area required.

Medical / Health Services Facility (DA) Lethbridge Street is an active and growing medical corridor. Recent DAs and transactions include No. 38-40 (medical centre approved), No. 77 (health services facility approved), and No. 164-166 (council-approved medical consulting). The $1B+ Nepean Hospital Stage 2 redevelopment due late 2026 is driving sustained demand for consulting and specialist space in this precinct.

The fire may have ended one story here. The next one - yours - is ready to be written. Come auction day, this site will be sold.

Disclaimer: We have been furnished with the above information however, PRD Penrith, PRD Blue Mountains & PRD Glenmore Park gives no guarantees, undertakings or warnings concerning the accuracy, completeness or up-to-date nature of the information provided. All interested parties are responsible for their own independent enquiries in order to determine whether or not this information is in fact accurate.

Type: House
Bedrooms: 4
Bathrooms: 2
Parkings: 2
Area: 1,176 m²

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Darren Latty

85-87 Lethbridge St, Penrith, NSW 2750

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