1 Station Lane, Penrith, NSW 2750 | Land for sale | OnTheHouse
 
FOR SALE
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1 Station Lane
Penrith NSW 2750

Bedrooms: -
Bathrooms: -
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Land area: 862m2
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DA APPROVED SITE - CBD LOCATION

Here's an exceptional opportunity to secure an R4 Zoned 862 sqm block approved for a three (3) storey Boarding House in a premium CBD location close to Penrith Station, Westfield, Kmart and High Street shopping strip.
DA consists of nineteen (19) units + one (1) Manager's room plus enclosed ground floor parking for seven (7) cars. Take advantage of the high rental demand for studio units and being in an exceptional location close to shops and Penrith Station will always appeal to tenants, therefore reducing vacancy periods. Potential rent return $335,400 PA (approximately, based on current market prices)
Key features:
• Zoned R4 / 18 mt height limit / DA height 13.25 mt
• 862 sqm block
DA Information:
• Five (5) double units (includes Manager's unit)
• Fourteen (15) single units
• Units ranging in size 13.9 m2 (singles) - 24.3 m2 (doubles)
• Potential rent return $335,400 PA (approximately - based on current market prices)
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Property Details for 1 Station Lane, Penrith

Building Type
Land
Land Size
862m2
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About Penrith 2750

The size of Penrith is approximately 12.5 square kilometres. It has 35 parks covering nearly 13.5% of total area. The population of Penrith in 2016 was 13295 people. By 2021 the population was 17966 showing a population growth of 35.1% in the area during that time. The predominant age group in Penrith is 20-29 years. Households in Penrith are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Penrith work in a professional occupation.In 2021, 36.00% of the homes in Penrith were owner-occupied compared with 40.70% in 2016.

Penrith has 12,904 properties. Over the last 5 years, Houses in Penrith have seen a 56.12% increase in median value, while Units have seen a 34.63% increase. As at 31 October 2025:

  • The median value for Houses in Penrith is $1,045,668 while the median value for Units is $598,606.
  • Houses have a median rent of $570 while Units have a median rent of $580.
There are currently 84 properties listed for sale, and 78 properties listed for rent in Penrith on OnTheHouse. According to Cotality's data, 631 properties were sold in the past 12 months in Penrith.

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Helen Fitzpatrick
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Ray White Glenmore Park
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