147 Derby StreetPenrith NSW 2750
Property Details for 147 Derby St, Penrith
147 Derby St, Penrith is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 683m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 2 bedroom House sold in Penrith in the last 12 months.
Last Listing description (November 2024)
SOLD BY JOSH CASSELLS! 0410 504 918
Joshua Cassells from Ray White Diamantidis Group is pleased to present 147 Derby Street, Penrith!
R4 Zoned investment opportunities are rare to come by. With 147 Derby Street also being offered up for sale, this is a fantastic opportunity to secure 1 or 2 sites side by side right in the heart of Penrith. Situated in one of Penrith's most desirable streets for future growth and expansion, this home offers an unparalleled investment opportunity. With the opportunity for consistent rental return, significant development potential, this is your chance to invest in the growth of Penrith as a thriving city.
Key Features:
- 2 Bedrooms: The home features two cozy bedrooms, perfect for a small family or renters seeking a comfortable living space.
- 1 Bathroom: Bathroom offers functionality and convenience.
- Living Area: A welcoming living area provides a comfortable space for relaxation and family gatherings.
- Spacious Kitchen: The kitchen is generously sized with ample counter space and storage, making it ideal for home cooks who enjoy preparing meals.
- Linen Cupboard: This convenient storage solution helps keep household essentials organized and easily accessible.
- Laundry with Additional Toilet: The internal laundry is equipped with an extra toilet, adding to the home's overall convenience.
- Entertaining Area: A designated entertaining area is perfect for outdoor gatherings, BBQs, and enjoying the fresh air.
- Lock-up Garage and Workshop: The property includes a secure lock-up garage and a workshop, providing ample space for parking, hobbies, or additional storage.
Location Highlights:
- Prime Location: Situated on Derby Street, one of Penrith's most desirable streets, renowned for future growth and expansion.
- R4 Zoned High Density Residential: Ideal for a wide range of high-density developments, including multi-level apartments, medical centres, childcare centres, and boarding houses. (Subject to council approval)
- Development Potential: Similar properties in the area have been successfully developed into multi-level apartments and various commercial facilities.
- Consistent Rental Return: Both homes are in fair condition and can provide a steady rental income while you plan the highest and best use.
- Surrounded by Medical Practitioners: Located just 500m from Nepean Hospital, these properties are in a prime CBD location, ideal for medical-related developments. (Subject to council approval)
- Significant Development Upside: An excellent investment today with significant potential for future development.
- Potential to Purchase Two Adjoining Houses: Both properties are on separate titles, with a total area and frontage exceeding the minimum requirements for development.
Property Details:
Land details - 147 Derby Street (approx)
Site Area - 682.6sqm
Frontage - 14.94m
Depth - 45.72m
Land details - 145 and 147 Derby Street - Combined (approx)
Site Area - 1,378.5sqm
Frontage - 30.14m
Depth - 45.72m
This is an exceptional opportunity to secure prime real estate in the heart of Penrith, benefiting from current government and private sector expenditure in the area. The zoning allows for a wide range of potential uses, making it a versatile and highly valuable investment.
For further information, please contact Peter Diamantidis on 0404 051 702 or Joshua Cassells 0410 504 918.
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 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
Property History for 147 Derby St, Penrith, NSW 2750
- 21 Nov 2024Sold for $950,000
- 28 Jun 2024Listed for Sale SOLD BY JOSH CASSELLS!
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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 2011 was 11,813 people. By 2016 the population was 13,264 showing a population growth of 12.3% in the area during that time. The predominant age group in Penrith is 20-29 years. Households in Penrith are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Penrith work in a professional occupation. In 2011, 45.9% of the homes in Penrith were owner-occupied compared with 40.7% in 2016.
Penrith has 12,678 properties. Over the last 5 years, Houses in Penrith have seen a 53.13% increase in median value, while Units have seen a 29.39% increase. As at 30 November 2024:
- The median value for Houses in Penrith is $964,559 while the median value for Units is $570,544.
- Houses have a median rent of $550 while Units have a median rent of $550.
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