83 Lethbridge StreetPenrith NSW 2750
Property Details for 83 Lethbridge St, Penrith
83 Lethbridge St, Penrith is a 4 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 588m2. While the property is not currently for sale or for rent, it was last sold in October 2025. There are other 4 bedroom House sold in Penrith in the last 12 months.
Last Listing description (October 2025)
Perfectly positioned within walking distance of Penrith Station, the Nepean Hospital precinct, schools and shops, this 589sqm site with R4 High Density zoning now benefits from the recently introduced NSW Low & Mid-Rise Housing (LMR) reforms, opening the door to a level of development potential rarely seen in such a central location.
The LMR reforms are a genuine game-changer for developers. They streamline the approval pathway, reduce costly planning delays, and provide certainty around built form outcomes. For sites like this, the reforms unlock the ability to deliver boutique mid-rise projects (STCA) with greater efficiency, directly translating into reduced holding costs and faster project delivery.
The home itself has been recently updated and features 4 bedrooms, with a remodelled kitchen area with updated flooring throughout.
Key features for this property;
• 589sqm parcel zoned R4 High Density Residential
• Benefiting from LMR reforms that expand development options & simplify approvals
• Potential for development potential (STCA)
• Prime position close to Penrith Station, Nepean Hospital, schools & shops
• Existing 4-bedroom home with rental income while plans progress
• R4 zoning providing a broad range of potential uses (STCA) including multi-dwelling housing, shop-top housing, boarding houses, seniors housing, childcare facilities, and medical centres
Opportunities to acquire a site with genuine development potential, uplift from planning reforms, and a location in the heart of one of Western Sydney's fastest-growing centres are extremely rare.
This is your chance to capitalise on a policy environment that actively supports housing delivery, while securing a blue-chip site with enormous upside.
Disclaimer: We have been furnished with the above information however, PRD Penrith, PRD Blue Mountains & PRD Glenmore Park gives no guarantees, undertakings or warnings concerning the accuracy, completeness or up-to-date nature of the information provided. All interested parties are responsible for their own independent enquiries in order to determine whether or not this information is in fact accurate.
Property History for 83 Lethbridge St, Penrith, NSW 2750
- 22 Oct 2025Sold for $1,100,000
- 01 Sep 2025Listed for Sale $1,079,000 - $1,129,000
- 22 Mar 2021Listed for Rent - Price not available
Recent sales nearby
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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 12,910 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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