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.
83 Derby Street, Penrith represents a rare opportunity to secure a property with strong rental demand, holding income, and outstanding development potential in one of Western Sydney's fastest-growing hubs.
Situated near Nepean Hospital, Penrith CBD, Kingswood Station, Western Sydney University, and TAFE, this property is perfectly positioned to benefit from the region's booming growth, infrastructure investment, and long-term capital uplift.
Whether your strategy is to landbank with tenants in place, develop high-density apartments, deliver multi-dwelling housing, or amalgamate with adjoining properties for a landmark project, this site is a blue-chip opportunity in the heart of Penrith's thriving medical and education precinct.
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PROPERTY FEATURES
3 Bedrooms | 1 Bathroom | Multiple Parking Spots
Wide frontage with easy access - ideal for future development (STCA)
Level block with excellent building envelope potential
Rental potential: $550-$600 per week
Currently tenanted with scope to increase yield through improvements
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R4 HIGH DENSITY 18m DEVELOPMENT POTENTIAL (STCA)
Amalgamation Potential: Can be combined with 79 and 81 Derby Street to create a large-scale landmark site
Multiple project pathways available, including:
Apartments
Townhouses / Multi-Dwelling Housing
Dual Occupancies & Granny Flats
Co-Living / Boarding Houses (ideal for medical staff & students)
Specialist Disability Accommodation (NDIS/SDA)
Medical Centres / Allied Health Suites
Childcare / Early Learning Centres
Build-to-Rent Projects
Mixed-Use Developments
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LOCATION HIGHLIGHTS
Nepean Hospital Precinct - strong demand for rentals & medical services
Transport: Close to Penrith & Kingswood Stations, M4 & Great Western Highway
Education: Nearby Western Sydney University, TAFE, and multiple schools
Lifestyle: Minutes to Westfield Penrith, Panthers Precinct, Nepean River dining & recreation
Future Growth: Short drive to Western Sydney International Airport (2026 opening) & billions in government infrastructure
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WHY INVEST IN PENRITH
One of Western Sydney's fastest-growing hubs with rapid population growth
Strong rental demand from students, families & medical staff
Major infrastructure pipeline driving long-term growth
Proximity to St Marys Metro and Sydney's second airport
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WHY THIS IS A STANDOUT INVESTMENT
Secure Holding Income - tenants in place while planning redevelopment
R4 High Density Zoning - 18m height limit with flexible project options
Amalgamation Ready - combine with 79 & 81 Derby for landmark scale
Premium Location - hospital, university, TAFE, transport, and CBD at your doorstep
Consistent Rental Demand - medical staff, students, and professionals
Growth Corridor - Penrith positioned as a major employment hub
Flexible Use - build-to-rent, co-living, NDIS, childcare, or medical
CALL TO ACTION
Don't miss this outstanding investment and development opportunity in Penrith's most sought-after growth corridor.
Call Krish on 0468 594 122 today to discuss further or to make an offer.
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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.
