SOLD BY JOSH CASSELLS!

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

Explore the area

School catchments

Penrith Public School Primary K-6 Government 0.34km
Penrith High School Secondary 7-12 Government 0.36km
St Nicholas of Myra Primary School Primary K-6 Catholic 0.52km
Penrith South Public School Primary K-6 Government 0.63km
St Dominic's College Secondary 7-12 Independent 1.3km
Kingswood South Public School Primary P-6 Government 1.4km
St Joseph's Primary School Primary K-6 Catholic 1.7km
Kingswood High School Secondary 7-12 Government 1.8km
Jamison High School Secondary 7-12 Government 1.9km
Kingswood Park Public School Primary P-6 Government 2.1km
York Public School Primary K-6 Government 2.1km
Montgrove College Combined K-12 Independent 2.1km
St Mary MacKillop Primary School Primary K-6 Catholic 2.3km
Kingswood Public School Primary K-6 Government 2.3km
Jamisontown Public School Primary K-6 Government 2.5km
Cambridge Park Public School Primary P-6 Government 2.5km
Cambridge Park High School Secondary 7-12 Government 2.8km
CathWest Innovation College McCarthy Campus Secondary Catholic 2.9km
Penola Catholic College Emu Plains Secondary 7-12 Catholic 2.9km
Cambridge Gardens Public School Primary K-6 Government 3.0km
Penrith Christian School Combined K-12 Independent 3.0km
Orchard Hills Public School Primary K-6 Government 3.2km
Nepean Creative and Performing Arts High School Secondary 7-12 Government 3.4km
Penrith Lakes Environmental Education Centre Combined Government 4.0km
Caroline Chisholm College Secondary 7-12 Catholic 4.1km
Penrith Anglican College Combined K-12 Independent 4.1km
Cranebrook High School Secondary 7-12 Government 4.2km
Glenmore Park High School Secondary 7-12 Government 4.6km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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