342-346 High Street, Penrith, NSW 2750 | Property Value & History | OnTheHouse
OFF MARKET

342-346 High Street
Penrith NSW 2750

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1611m2
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Property Details for 342-346 High St, Penrith

Building Type
Commercial
Land Size
1611m2
Local Government
Penrith
Lot/Plan
CP/SP65435

Last Listing description (January 2026)

Raine & Horne Commercial Penrith is delighted to present 342-350 High Street, Penrith to the market. This is a strata mixed use development that will redefine the Penrith CBD and is a fantastic opportunity for business owners seeking to purchase their own premises as well as investors. A consolidation of three lots, in the heart of the Penrith CBD, this property boasts a substantial commercial area of 3118 sqm. This is the first office/retail strata development available for purchase in the Penrith CBD for many years. Do not miss out on this chance to secure a valuable piece of real estate in Western Sydney's Penrith which is part of New South Wales' fastest growing region**.

• Floor plates of 55m²-900m² available over 5 storeys
• Mix of retail, office/consulting space and residential

• All retail shops and the cafe have been sold or leased
• All of level 1 remains totaling 846m² + 49m² balcony
• Three suites are available on level 2 with or without a balcony
• Levels 3 and 4 are completely sold
• Generous 54 secure basement parking spaces in the heart of the Penrith CBD
• The properties will be provided as a bare shell, allowing for purchasers to customise their fit out
• 3 penthouse style apartments (2 sold)
• Estimated completion is mid-2027
• Only 13 kilometres to Western Sydney Airport (planned to open in 2026) with convenient access provided by the Northern Road
• A presentation of the property is available by appointment
• Plans, information memorandum and contract available on request
• Construction has commenced

For further information please do not hesitate to contact the exclusive agents.
**NSW Government 2024.

*All sizes quoted are approximate.

Property History for 342-346 High St, Penrith, NSW 2750

A timeline of how this property has performed in the market
  • 05 Sep 2024
    Listed for Sale Contact Agent
  • 13 Mar 2024
    Listed for Sale Contact Agent
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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 12,915 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.
There are currently 72 properties listed for sale, and 89 properties listed for rent in Penrith on OnTheHouse. According to Cotality's data, 654 properties were sold in the past 12 months in Penrith.

Suburb Insights for Penrith 2750

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.