48 Castlereagh StreetPenrith NSW 2750
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. While the property is not currently for sale or for rent, it was last sold in November 2025. There are other 3 bedroom House sold in Penrith in the last 12 months.
Last Listing description (November 2025)
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.
+ Situated in the New State Government Low to Mid-Rise Housing Policy precinct for Penrith City
+ Potential High-Rise Development - Shop Top Apartments - 4 Storeys subject to council approval.
+ Located within 400m of Nepean Village Shopping Centre
+ Short Distance to Main Street of Penrith City
+ Frontage Over 54m (Approx.)
+ Total Area: 1176m2 (Approx.)
Highlight Dwelling Details:
+ 3 Bedroom double brick home with high ceilings in need of some renovation.
+ Floorboards throughout home
+ Good size bedrooms two fitted with built in wardrobes and ceiling fans
+ Quaint kitchen
+ Good size living room with separate meals area
+ Bathroom with separate toilet
+ Laundry
+ High clearance carport
+ Massive Yard space
+ Bus stop at door
+ Located in the Heart of Penrith CBD, close to the Main Street, Penrith Train Station, Nepean Shopping Village and Westfields Penrith plus various Private and Public Schools.
Plus, plenty more to see when you book an inspection....
This property is situated in the perfect location for every family member to enjoy all the amenities and recreational facilities this thriving and prosperous city has on offer.
Penrith is an exciting area with many delights for its residents, from top retail shopping to upmarket cafes and fine dining. It offers as much fun for families with the beautiful Nepean River, Penrith Lakes and white-water rafting stadium, The Penrith Panthers Club, I fly, Wake and Leisure water park, and much more.
Take advantage of the popular bridge to bridge walk around Nepean River to maintain a healthy lifestyle, then enjoy a coffee at the Coffee Club or a meal at East Bank Eatery.
This site is conveniently located within walking distance, a short drive or bus ride to Penrith CBD. Easy access to Western Sydney University, TAFE Campus, Penrith Academic Selective High School, Nepean District Hospital, medical facilities amongst other services.
Plenty of shopping facilities with Westfields Shopping Plaza and Nepean Shopping Village.
Easy access to public transport via Penrith Station, bus services and to the M4 motorway.
If you would like to know more information about this property, feel free to contact Joseph Vella on 0403 183 638.
Properties this close to town do not last long. So Be Quick!
Please note: The photos used in this advertisement are AI generated and/or enhanced images for this property. Any prospective buyer must physically inspect the property before submitting an offer to purchase.
Please Note: Agent has interest in this property.
Disclaimer: All information contained herein is gathered from sources we believe to be dependable. We have not verified whether that information is accurate, and do not have any belief one way or the other in its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on.
All interested parties should make and rely upon their own inquiries to determine whether this information is, in fact, accurate.
Property History for 48 Castlereagh St, Penrith, NSW 2750
- 24 Feb 2026Listed for Rent $600 / week
- 10 Nov 2025Sold for $1,800,000
- 11 Sep 2025Listed for Sale Contact Agent
Recent sales nearby
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0About Penrith 2750
The size of Penrith is approximately 12.5 square kilometres. There are 35 parks, covering nearly 13.5% of the 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 13,035 properties. Over the last 5 years, Houses in Penrith have seen a 46.22% increase in median value, while Units have seen a 33.31% increase. As at 31 May 2026:
- The median value for Houses in Penrith is $1,141,368 while the median value for Units is $649,319.
- Houses have a median rent of $620 while Units have a median rent of $573.
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