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Sold on 29 Nov 2024 for $595,000

38/83-85 Union Road
Penrith NSW 2750

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 96m2
Land area: 96m2
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Property Details for 38/83-85 Union Rd, Penrith

38/83-85 Union Rd, Penrith is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. The property has a land size of 96m2 and floor size of 96m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 2 bedroom Apartment sold in Penrith in the last 12 months.

Building Type
Apartment
Floor Size
96m2
Land Size
96m2

Last Listing description (November 2024)

Positioned on level 6 and in the heart of Penrith's CBD, this large apartment offers a great opportunity for first home buyers or investors. Boasting 96sqm of internal living area including the balcony and close proximity to Westfield Shopping Centre, this stunning apartment makes for a rare opportunity for low-maintenance lifestyle living in a brilliant location.

- Large internal area of 96sqm living space including balcony
- Split system air con in the living room flyscreens and carpet throughout

- North facing with beautiful views of the Blue Mountains
- Open plan living and dining, flowing on to the balcony with gas bayonet
- Stone benchtops and gas to the kitchen with dishwasher and double sink
- Internal laundry with dryer and linen cupboard
- Main bathroom with separate bathtub and shower and vanity storage
- Well-maintained communal gardens with seating and stylish foyer entry
- Secure car space and storage cage in basement.

With the 2nd airport coming by 2026 (22km away) and all the population, infrastructure and jobs growth, a new generation is discovering the magic of Penrith and surrounding suburbs with its world-class shopping amenities including Westfield, an excellent café and dining scene plus an express train from Penrith to Central in 4 stops (48 mins).

Outgoings:
Water Rates: $170 p/q approx.
Council Rates: $473 p/q approx.
Strata Levies: $838 p/q approx.

Property History for 38/83-85 Union Rd, Penrith, NSW 2750

A timeline of how this property has performed in the market
Last Sold
$595,000
29 Nov 2024
Listed for Rent
$420/w
13 Apr 2021
  • 29 Nov 2024
    Sold for $595,000
  • 30 Oct 2024
    Listed for Sale $595,000
  • 28 Aug 2023
    Listed for Rent $500 / week
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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 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 12,686 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.
There are currently 80 properties listed for sale, and 85 properties listed for rent in Penrith on OnTheHouse. According to CoreLogic's data, 670 properties were sold in the past 12 months in Penrith.

Suburb Insights for Penrith 2750

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David Lipman
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Byron Ryan
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Morton Penrith
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.