55 Penrith Ave, Wheeler Heights is a 4 bedroom, 3 bathroom House with 2 parking spaces and was built in 1970. The property has a land size of 1078m2 and floor size of 186m2. While the property is not currently for sale or for rent, it was last sold in October 2002.
Positioned on a generous block in a sought-after Wheeler Heights location, this substantial family home presents an exceptional opportunity for renovators, builders and buyers looking to create their dream home. Offered in largely original condition and requiring renovation throughout, the home boasts solid bones, generous proportions and a versatile floorplan with four bedrooms, a study, multiple living areas and a separate lower-level rumpus. Whether you're planning a contemporary renovation, value-adding project or complete redesign (STCA), the possibilities are endless.A private central courtyard and backyard with an in-ground pool and entertaining area featuring a built-in rock BBQ area provide the ideal foundation for creating an exceptional indoor-outdoor lifestyle. Packed with potential and positioned in a tightly held neighbourhood, this is a rare opportunity to unlock the property's full potential.+ Four bedrooms plus a dedicated study + Generous kitchen with gas cooking and walk-in pantry + Multiple living areas offering flexible family spaces + Separate lower-level rumpus with versatile use options + Private central courtyard providing excellent indoor-outdoor connection + Backyard with in-ground swimming pool and entertaining area + Tightly held neighbourhood close to beaches, schools and local amenities + Exceptional opportunity to renovate, redesign or add value (STCA)Council Rates: $558 pq approx.Water Rates: $216 pq approx.Disclaimer: The information contained in this advertisement has been obtained from third-party sources considered reliable. Laing+Simmons does not make any representation as to its accuracy of the information, accepts no responsibility or liability, and advises all interested parties to conduct their own investigations and obtain independent advice. All photographs, maps, images and virtual styling representations are provided for illustrative and marketing purposes only and may not accurately reflect the propertys current condition, appearance or layout.
The size of Wheeler Heights is approximately 1.0 square kilometres. There are 10 parks, covering nearly 9.7% of the total area. The population of Wheeler Heights in 2016 was 2986 people. By 2021 the population was 3232 showing a population growth of 8.2% in the area during that time. The predominant age group in Wheeler Heights is 40-49 years. Households in Wheeler Heights are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Wheeler Heights work in a professional occupation.In 2021, 83.50% of the homes in Wheeler Heights were owner-occupied compared with 86.10% in 2016.
Wheeler Heights has 1,072 properties. Over the last 5 years, Houses in Wheeler Heights have seen a -6.73% decrease in median value, while Units have seen a 27.87% increase. As at 31 July 2026:
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