83
Lethbridge
Street
penrith
NSW,
2750
$1,079,000 - $1,129,000
4
1
1
Land: 588 sqm
OPEN HOME SATURDAY 18TH OF OCTOBER FROM 11.30am - NOON
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.
Agents
Nearby Schools
About penrith
median House price
990000suburb growth
6.5%median House rent
600suburb rental yield
3.2%Similar Properties
Source: Suburb Flyover Report Series, APM Pricefinder. PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRD Research © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed.
