255 High StreetPenrith NSW 2750
Property Details for 255 High St, Penrith
Last Listing description (July 2025)
PRD Commercial Western Sydney have been appointed as the exclusive marketing agents for one of Penrith's most iconic properties.
This intact row of 6 terraces, with significant development upside, represents an exciting oportunity to shape Penrith's history.
Made up of 4 lots the total site area covers some 2471sqm.
A current DA allows for subdivision of the rear lot to create a new lot of approx. 1458sqm & retain the 6 terraces.
The terraces rear access is via an access handle off High Street Penrith.
DESCRIPTION:
- Zoned MU1 - Mixed Use
- Height limit varies across the site from 12m - 24m
- FSR varies across the site from 3:1 - 3.5:1
- Holding income of approx $130,000 P.A
- The terraces offer a wide range of potential uses. Ideally suited to Commercial offices or retail.
- Opportunity to restore the exiting dwellings & sell or develop the rear lot.
- Last remaining row of terraces in the Penrith LGA
- Built in 1887 by local builder John Brown, whose initials appear in the parapet above the central terraces.
TOTAL SITE AREA: 2,471sqm (as per Survey report dated 29/1/20)
AUCTION DETAILS
Thursday 3rd August 2023 at 2.30pm. In our rooms 1/27 Lawson Street Penrith.
Note: All building and land areas quoted are approximate; prospective purchasers and tenants must make their own enquiries. All sale prices and asking rentals DO NOT include GST.
Property History for 255 High St, Penrith, NSW 2750
- 06 Jul 2023Listed for Sale Auction Thursday 3rd August
- 13 Nov 2020Listed for Sale Contact Agent
- 01 Jun 1991Sold
Recent sales nearby
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0About 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 12,909 properties. Over the last 5 years, Houses in Penrith have seen a 60.82% increase in median value, while Units have seen a 35.10% increase. As at 31 December 2025:
- The median value for Houses in Penrith is $1,111,632 while the median value for Units is $612,532.
- Houses have a median rent of $580 while Units have a median rent of $580.
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