85-87 Derby StreetPenrith NSW 2750
Property Details for 85-87 Derby St, Penrith
85-87 Derby St, Penrith is a 6 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 1195m2.
Last Listing description (July 2024)
Rare Development Potential in the heart of Penrith with two adjoining properties.
Positioned on Derby street within the CBD, this site is walking distance to Nepean Hospital, Western Sydney University, Tafe, Penrith & Kingswood railways, bus services and easy access to the M4 motorway.
Opportunity like this wont last long. Looking to develop now or sit and hold, this is an opportunity not to be missed.
* Zone - R4 (High Density Residential with 18m height)
* Total Land Size - app 1195 sqm
* 85 Derby - app 601 sqm
* 87 Derby - app 594 sqm
* Combined frontage - app 31.6 meters
* Only 2mins walk to Napean Hospital and Somerset Private Hospital.
* Best Oppurtunity for an investor to achieve solid rental return.
Both Properties are leased now and you can enjoy the rental return while waiting for your development approval.
85 Derby St - Leased for $450/week
87 Derby St - Leased for $360/week
Penrith / Kingswood Area is thriving with strong economic growth and infrastructure, with a new metro direct to the new airport, combined with massive Government investment in rail, road and air transport, creating endless potential for visionary businesses and investors. This is a rare opportunity to join and benefit from the beginning of a big future in a region on the rise.
Disclaimer:
The 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 judgement 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. For inclusions refer to the inclusions in the contract of sale.
Property History for 85-87 Derby St, Penrith, NSW 2750
- 03 Mar 2023Listed for Sale EXPRESSION OF INTEREST
- 29 Apr 2017Listed for Sale $2,000,000 - $2,100,000
- 30 Jan 2017Listed for Sale PROPERTY PREMIERE
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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 12,925 properties. Over the last 5 years, Houses in Penrith have seen a 63.14% increase in median value, while Units have seen a 36.03% increase. As at 31 January 2026:
- The median value for Houses in Penrith is $1,138,293 while the median value for Units is $618,747.
- Houses have a median rent of $580 while Units have a median rent of $580.
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