Welcome to 147 Derby Street, Penrith - a rare opportunity to secure a prime R4 zoned development site in one of Penrith’s most sought-after growth corridors. With the adjoining property at 145 Derby Street also available for purchase, buyers have the unique opportunity to secure one or both sites side by side in the heart of Penrith CBD.

Situated in a street renowned for future growth and redevelopment, this property presents exceptional potential for developers, investors and landbankers looking to capitalise on the continued transformation of Penrith. The existing dwelling is not considered habitable and the property is being offered as a development opportunity with substantial future upside.

Please note: The dwelling has been fire damaged and may need demolishing.


Location Highlights:
- Prime Derby Street location within the Penrith CBD growth precinct
- Zoned R4 High Density Residential
- Suitable for a range of future developments including apartments, medical facilities, childcare centres and boarding houses (STCA)
- Similar surrounding properties have already been redeveloped into multi-level residential and commercial projects
- Located approximately 500m from Nepean Hospital
- Surrounded by established medical and commercial businesses
- Opportunity to secure two adjoining sites with substantial combined frontage and site area
- Significant government and private investment continuing throughout the Penrith CBD

Property Details – 147 Derby Street (approx.):
Land Size: 682.6sqm
Frontage: 14.94m
Depth: 45.72m

Combined Land Details – 145 & 147 Derby Street (approx.):
Total Site Area: 1,378.5sqm
Combined Frontage: 30.14m
Depth: 45.72m

Opportunities like this are becoming increasingly difficult to secure within Penrith’s rapidly evolving CBD precinct. Whether you are looking to redevelop immediately or secure a strategic landholding for the future, this property offers outstanding potential in a high-growth location.

For further information, please contact Joseph Vella on 0403 183 638 or Rod McIvor on 0433 189 715.

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

Perfect Development site with endless potential located in Penrith CBD!

Welcome to 145 Derby Street, Penrith - an exceptional opportunity to secure a prime R4 zoned property in one of Penrith’s most tightly held growth locations. With the neighbouring property at 147 Derby Street also available for purchase, buyers have the rare opportunity to secure one or both adjoining sites in the heart of Penrith CBD.

Situated within a street renowned for future growth and redevelopment, this property presents outstanding potential for investors, developers and landbankers alike. The existing home offers immediate rental appeal with the potential to generate a strong rental return while future plans are considered, making this an excellent opportunity to secure both short and long-term value.

Features you’ll love:
- Spacious four-bedroom home with generous proportions throughout
- Main bedroom complete with private ensuite
- Additional well-appointed bathroom servicing the home
- Multiple living areas offering flexibility for families or tenants
- Modern kitchen featuring dishwasher and walk-in pantry
- Dedicated dining area perfect for family meals and entertaining
- Ducted air conditioning providing year-round comfort
- Sunroom ideal as an entertaining area or additional living space
- Deck overlooking the backyard for relaxed outdoor living
- Large storeroom plus backyard shed for additional storage
- Secure lock-up garage with extra storage space
- Excellent investment opportunity with potential rental return of approximately $600–$650 per week

Location Highlights:
- Positioned on one of Penrith’s most desirable streets for future growth
- Zoned R4 High Density Residential
- Suitable for a range of future developments including apartments, medical facilities, childcare centres and boarding houses (STCA)
- Similar surrounding sites have already been redeveloped into multi-level residential and commercial projects
- Located approximately 500m from Nepean Hospital
- Surrounded by established medical and commercial businesses
- Opportunity to secure two adjoining sites with significant development potential
- Strong potential for consistent rental income while planning future redevelopment

Property Details – 145 Derby Street (approx.):
Land Size: 695.6sqm
Frontage: 15.24m
Depth: 45.72m

Combined Land Details – 145 & 147 Derby Street (approx.):
Total Site Area: 1,378.5sqm
Combined Frontage: 30.14m
Depth: 45.72m

With substantial government and private investment continuing throughout Penrith, opportunities of this calibre are becoming increasingly difficult to secure. Whether you are looking to invest, lease out, redevelop or landbank for the future (STCA), this property offers flexibility, location and exceptional long-term potential.

For further information, please contact Joseph Vella on 0403 183 638 or Rod McIvor on 0433 189 715.

Disclaimer: All information contained herein has been obtained from sources deemed reliable. However, we cannot guarantee its accuracy and interested parties should rely on their own enquiries and investigations. Images are for illustrative purposes only and do not represent the final product or finishes.

This fantastic unit is an ideal opportunity for a first home buyer or an investor. Located in a great location this is an opportunity not to be missed.

Features include:
- Single bedroom with a storage cupboard and direct access to the bathroom
- Bathroom with a bathtub and a shower combined laundry
- Kitchen with a freestanding electric cooktop and oven, a stainless sink, and an ample amount of bench and cupboard space for storage
- Open designed living and dining room upon entry, with plenty of windows to bring in natural light and access to your own private balcony
- Situated on the top floor with a nice view and no overlooking neighbours
- Split System Air-conditioning
- Allocated under cover parking spot
- Current rent $420 Per Week
- Strata Levies $1,222.81 Per Quarter

Conveniently located with local schools, transport and shops nearby;
*Close proximity to local schools Penrith Public School (1km), Penrith High School (1km) and St Dominics College (1.2km)
*1.2km to Westfield Penrith and Penrith Train Station
*2.2km to Nepean Hospital
*2.7m to Panthers world of entertainment and local restaurants

There is so much more to mention, you simple must attend the open home this Saturday to see for yourself or risk missing out on this fantastic opportunity.
Feel free to register your interest in this property by pressing the EMAIL AGENT BUTTON prior to the open home.

A brilliant opportunity awaits!

Disclaimer: We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

Please note: Some images may be AI generated or have been digitally styled for marketing purposes only. Any prospective buyer must physically inspect the property before submitting an offer to purchase this property.

Whilst all care has been taken preparing this advertisement and the information contained herein has been obtained from sources, we believe to be dependable, First National Real Estate Penrith does not warrant, represent, or guarantee the accuracy, adequacy, or completeness of the information. First National Real Estate Penrith accepts no liability for any loss or damage (whether caused by negligence or not). We do not accept any responsibility to any person for its accuracy and do no more than pass on the information.

All interested parties should make and rely upon their own inquiries to determine whether this information is, in fact, accurate.

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147 DERBY STREET, Penrith

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145 DERBY STREET, Penrith

Price Guide $1,100,000 to $1,200,000

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