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Back 83 Lethbridge St
Off Market

83 Lethbridge St

Penrith NSW 2750

4
1
1
588 m²
House
Last sold for $1,100,000
Ryan HatchRyan Hatch, last sold this property on 21 October 2025 after 50 days on market.

Overview

Rare Boutique Development Opportunity

Perfectly positioned within walking distance of Penrith Station, the Nepean Hospital precinct, schools and shops, this 589sqm site with R4 High Density zoning now benefits from the recently introduced NSW Low & Mid-Rise Housing (LMR) reforms, opening the door to a level of development potential rarely seen in such a central location. The LMR reforms are a genuine game-changer for developers. They streamline the approval pathway, reduce costly planning delays, and provide certainty around built form outcomes. For sites like this, the reforms unlock the ability to deliver boutique mid-rise projects (STCA) with greater efficiency, directly translating into reduced holding costs and faster project delivery. The home itself has been recently updated and features 4 bedrooms, with a remodelled kitchen area with updated flooring throughout. Key features for this property; • 589sqm parcel zoned R4 High Density Residential • Benefiting from LMR reforms that expand development options & simplify approvals • Potential for development potential (STCA) • Prime position close to Penrith Station, Nepean Hospital, schools & shops • Existing 4-bedroom home with rental income while plans progress • R4 zoning providing a broad range of potential uses (STCA) including multi-dwelling housing, shop-top housing, boarding houses, seniors housing, childcare facilities, and medical centres Opportunities to acquire a site with genuine development potential, uplift from planning reforms, and a location in the heart of one of Western Sydney's fastest-growing centres are extremely rare. This is your chance to capitalise on a policy environment that actively supports housing delivery, while securing a blue-chip site with enormous upside. Disclaimer: We have been furnished with the above information however, PRD Penrith, PRD Blue Mountains & PRD Glenmore Park gives no guarantees, undertakings or warnings concerning the accuracy, completeness or up-to-date nature of the information provided. All interested parties are responsible for their own independent enquiries in order to determine whether or not this information is in fact accurate.

Features

4 bedrooms
1 bathroom
1 carspace
1 garage space
588 m² lot size
House

Estimated Value

Based on this property and similar 4 bedroom houses sold in Penrith over the last 12 months, the estimated median property value of 83 Lethbridge St is $1.16m.

Median value
$1.16m
Estimated value range
$900k - $1.6m
Median days on market
29
Estimated value trend
6%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Penrith. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 83 Lethbridge St

2025
Sold
$1,100,000
21 Oct 2025 by Ryan Hatch, of PRD Penrith
2025
Rented
Undisclosed
Leased on 08 Jan 2025 by Century 21 Partners
2025
Rented
Undisclosed
Leased on 08 Jan 2025 by Century 21 Partners

Happy sellers in Penrith

88%
88% of sellers in Penrith reported that their sale price either exceeded or met their price expectations.

Penrith stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 78 reviews in Penrith over the last 12 months.

Local market activity for 4 bedroom houses in Penrith

In the last 12 months, 30 four-bedroom houses similar to 83 Lethbridge St, have been sold.

This represents a 12% increase in four-bedroom houses sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Penrith

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David Lipman

David Lipman is an award winning recommended agent for Penrith.  They have 99 local sales and collected 27 local reviews across the last 12 months.

  •   4.9   (87 reviews)
  •  27 Reviews in Penrith
  •  99 Sales in Penrith
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Gizzelle Powell

Sellers who recommend Gizzelle Powell have praised them for being clear communication, local expert, responsive, supportive, friendly, dedicated and hard-working

  •   5   (657 reviews)
  •  15 Reviews in Penrith
  •  10 Sales in Penrith
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Joshua Cassells

Sellers who recommend Joshua Cassells have praised them for being clear communication, local expert, responsive, reliable, supportive, honest and friendly

  •   5   (457 reviews)
  •  9 Reviews in Penrith
  •  12 Sales in Penrith
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Bianca Rossetto

Sellers who recommend Bianca Rossetto have praised them for being clear communication, local expert, responsive, friendly, supportive, well-prepared and reliable

  •   5   (191 reviews)
  •  6 Reviews in Penrith
  •  4 Sales in Penrith
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