48 Castlereagh Street, Penrith, NSW 2750 | House for sale | OnTheHouse
 
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48 Castlereagh Street
Penrith NSW 2750

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 1176m2
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Prime Location in Penrith CBD! Massive Corner Block - 1176m2!

Agent4U Realty Group are proud to present this property to the market for the first time in almost 30 years.
What a rare opportunity to acquire a massive corner block approximately 1176m2 in area located in heart of Penrith CBD with easy access to all the amenities of this exciting City of Penrith has on offer.
The existing dwelling is a three - bedroom double brick home ready to be renovated. Alternatively awaiting the next creative Architect/Developer to knock down the existing dwelling and take advantage of the massive corner lot and redevelop the blue-ribbon site with their next astute investment project right in the heart of the city.
The property is situated in the State governments new Mid to Low Rise housing policy in Penrith City precinct which allows for potential shop top style apartments subject to council approval.
Penrith City future capital growth area with the significant upgrade of Penrith's Medical Hub and the redevelopment of The Penrith Rugby League Stadium. Not to mention all major upgrades of arterial roads and all the development of new Western Sydney international Airport, Sydney Metro - Western Sydney Airport and all other associated infrastructure projects.
Highlight Site Details:
+ Unique Opportunity
+ Corner Block
+ Excellent Exposure
+ Currently Zoned > R3 Medium Density Residential Housing.
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Property Details for 48 Castlereagh St, Penrith

48 Castlereagh St, Penrith is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 1176m2. The place is currently for sale with Agent4U Realty Group.

Building Type
House
Land Size
1176m2
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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 12,901 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 85 properties listed for sale, and 78 properties listed for rent in Penrith on OnTheHouse. According to Cotality's data, 630 properties were sold in the past 12 months in Penrith.

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Joseph Vella
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Rod Mcivor
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Agent4U Realty Group
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