Proudly presented by your trusted local expert Udaya Puttagunta (Krish) and the team at Ray White United Group, with a proven track record in high-density, development, and investment sales. 79 Derby Street, Penrith represents a rare opportunity that combines secure holding income, strong rental demand, and outstanding development potential in one of Western Sydney's fastest-growing hubs. Situated near Nepean Hospital, close to Penrith CBD, Kingswood Station, Western Sydney University and TAFE, and close to major infrastructure projects, this property is perfectly positioned to capitalise on the region's booming growth, increasing housing demand, and long-term capital uplift. Whether your strategy is to landbank with reliable tenants, develop apartments, townhouses, or co-living housing, or amalgamate with adjoining properties for a landmark project, this is an unparalleled opportunity in the heart of Penrith's medical and education precinct. PROPERTY FEATURES • 3 Bedrooms | 1 Bathroom | Multiple Car Spaces • Two side access - ideal for development or granny flat additions • Massive backyard - perfect for secondary dwellings or multi-dwelling housing (STCA) • Strong rental potential: $550-$600 per week • Currently tenanted - managed by Ray White with long-term tenants in place • Clean site - no flood, bushfire, or heritage restrictions R4 HIGH DENSITY 18m DEVELOPMENT POTENTIAL (STCA) • Amalgamation Potential: Can be combined with 81 and 83 Derby Street for a large-scale landmark development site. • This opens doors to multiple high-return projects, including: • Multi-Level Apartments - maximise zoning and height potential • Townhouses and Multi-Dwelling Housing - popular with families and professionals • Granny Flats / Dual Occupancies - generate additional rental streams • Co-Living / Boarding Houses - ideal for hospital staff, students, and key workers • Specialist Disability Accommodation (NDIS/SDA) - secure long-term government-backed rentals • Medical Centres / Allied Health Suites - capitalise on hospital proximity • Childcare / Early Learning Centres - high community demand with long leases • Build-to-Rent Projects - benefit from Penrith's strong rental demand • Mixed-Use Opportunities - residential combined with medical/community facilities LOCATION HIGHLIGHTS • Close to Nepean Hospital - high demand for rental accommodation and medical services • Transport: Close to Penrith and Kingswood Stations, M4 Motorway and Great Western Highway • Education: Close to Western Sydney University, TAFE NSW Kingswood, and local schools • Shopping and Lifestyle: Close to Westfield Penrith, Panthers Precinct, and Nepean River dining and recreation • Future Growth: Close to Western Sydney International Airport (opening 2026) and billions in government-backed infrastructure projects WHY INVEST IN PENRITH • Penrith is one of Western Sydney's fastest-growing hubs, with: • Rapid population growth driving housing demand • Strong rental yields and tenant demand from students, families, and medical staff • Infrastructure pipeline transforming the region into a major employment and lifestyle hub • Proximity to St Marys Metro, and Sydney's new international airport ensuring long-term growth WHY THIS IS A STANDOUT INVESTMENT • Dual Value Proposition - secure immediate holding income with long-term tenants while planning redevelopment • R4 High Density Zoning - rarely available with 18m height limit offering multiple project pathways • Amalgamation Potential - option to combine with 81 and 83 Derby Street for a larger-scale project • Strategic Location - close to hospital, university, TAFE, stations, and Penrith CBD • Consistent Rental Demand - driven by students, medical staff, and families • Growth Corridor - Penrith benefits from major infrastructure investment and airport growth • Flexible Use - options include build-to-rent, co-living, NDIS, medical, and childcare • Strong Market Fundamentals - undersupply of housing supports long-term capital growth and rental returns CALL TO ACTION - Don't miss this rare opportunity. Make an offer today to secure a high-performing investment in one of Western Sydney's fastest-growing corridors. - Call Krish on 0468 594 122 for further details. ---------------------------------------------- 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.
