83 Derby Street

Penrith NSW 2750

Proudly presented by your trusted local expert Udaya Puttagunta (Krish) and the team at Ray White United Group, with a proven track record in high-density, development, and investment sales.83 Derby Street, Penrith represents a rare opportunity to secure a property with strong rental demand, holding income, and outstanding development potential in one of Western Sydney's fastest-growing hubs.Situated near Nepean Hospital, Penrith CBD, Kingswood Station, Western Sydney University, and TAFE, this property is perfectly positioned to benefit from the region's booming growth, infrastructure investment, and long-term capital uplift.Whether your strategy is to landbank with tenants in place, develop high-density apartments, deliver multi-dwelling housing, or amalgamate with adjoining properties for a landmark project, this site is a blue-chip opportunity in the heart of Penrith's thriving medical and education precinct.-----------PROPERTY FEATURES3 Bedrooms | 1 Bathroom | Multiple Parking SpotsWide frontage with easy access - ideal for future development (STCA)Level block with excellent building envelope potentialRental potential: $550-$600 per weekCurrently tenanted with scope to increase yield through improvements-------------R4 HIGH DENSITY 18m DEVELOPMENT POTENTIAL (STCA)Amalgamation Potential: Can be combined with 79 and 81 Derby Street to create a large-scale landmark siteMultiple project pathways available, including:ApartmentsTownhouses / Multi-Dwelling HousingDual Occupancies & Granny FlatsCo-Living / Boarding Houses (ideal for medical staff & students)Specialist Disability Accommodation (NDIS/SDA)Medical Centres / Allied Health SuitesChildcare / Early Learning CentresBuild-to-Rent ProjectsMixed-Use Developments-----------------LOCATION HIGHLIGHTSNepean Hospital Precinct - strong demand for rentals & medical servicesTransport: Close to Penrith & Kingswood Stations, M4 & Great Western HighwayEducation: Nearby Western Sydney University, TAFE, and multiple schoolsLifestyle: Minutes to Westfield Penrith, Panthers Precinct, Nepean River dining & recreationFuture Growth: Short drive to Western Sydney International Airport (2026 opening) & billions in government infrastructure--------------------WHY INVEST IN PENRITHOne of Western Sydney's fastest-growing hubs with rapid population growthStrong rental demand from students, families & medical staffMajor infrastructure pipeline driving long-term growthProximity to St Marys Metro and Sydney's second airport---------------WHY THIS IS A STANDOUT INVESTMENTSecure Holding Income - tenants in place while planning redevelopmentR4 High Density Zoning - 18m height limit with flexible project optionsAmalgamation Ready - combine with 79 & 81 Derby for landmark scalePremium Location - hospital, university, TAFE, transport, and CBD at your doorstepConsistent Rental Demand - medical staff, students, and professionalsGrowth Corridor - Penrith positioned as a major employment hubFlexible Use - build-to-rent, co-living, NDIS, childcare, or medicalCALL TO ACTIONDon't miss this outstanding investment and development opportunity in Penrith's most sought-after growth corridor.Call Krish on 0468 594 122 today to discuss further or to make an offer.---------------------------------------------DISCLAIMERThe above information has been gathered from sources that we believe are reliable. However, we cannot guarantee the accuracy of this information and nor do we accept responsibility for its accuracy. Any interested parties should rely on their own enquiries and judgment to determine the accuracy of this information for their own purposes. Images are for illustrative and design purposes only and do not represent the final product or finishes.