Penrith at a glance
20,687
People
$1,060,000
Median sale
$585/wk
Median rent
2.87%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
NSW › Penrith › Castlereagh St
3
Bedrooms
1
Bathrooms
1
Car spaces
1,176 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
No recorded sale price for this property yet.
Local land rate: recorded House sales in Penrith (last 5 years) with land size have a median of $1,527/m² of land (n=18). Districts calculation from recorded sales — not a valuation.
Penrith at a glance
20,687
People
$1,060,000
Median sale
$585/wk
Median rent
2.87%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
NSWPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Rental
No advertised rent is recorded. Suburb median rent $585/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownNSW Valuer General land values are not loaded for this property yet.
Net yield / holding costs
UnknownNSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Area
Penrith at a glance
20,687
People
$1,060,000
Median sale
$585/wk
Median rent
2.87%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by First National Real Estate PenrithAgent4U Realty Group are proud to present this property to the market for the first time in almost 30 years.
What a rare opportunity to acquire a massive corner block approximately 1176m2 in area located in heart of Penrith CBD with easy access to all the amenities of this exciting City of Penrith has on offer.
The existing dwelling is a three - bedroom double brick home ready to be renovated. Alternatively awaiting the next creative Architect/Developer to knock down the existing dwelling and take advantage of the massive corner lot and redevelop the blue-ribbon site with their next astute investment project right in the heart of the city.
The property is situated in the State governments new Mid to Low Rise housing policy in Penrith City precinct which allows for potential shop top style apartments subject to council approval.
Penrith City future capital growth area with the significant upgrade of Penrith's Medical Hub and the redevelopment of The Penrith Rugby League Stadium. Not to mention all major upgrades of arterial roads and all the development of new Western Sydney international Airport, Sydney Metro - Western Sydney Airport and all other associated infrastructure projects.
Highlight Site Details:
+ Unique Opportunity
+ Corner Block
+ Excellent Exposure
+ Currently Zoned > R3 Medium Density Residential Housing.
+ Situated in the New State Government Low to Mid-Rise Housing Policy precinct for Penrith City
+ Potential High-Rise Development - Shop Top Apartments - 4 Storeys subject to council approval.
+ Located within 400m of Nepean Village Shopping Centre
+ Short Distance to Main Street of Penrith City
+ Frontage Over 54m (Approx.)
+ Total Area: 1176m2 (Approx.)
Highlight Dwelling Details:
+ 3 Bedroom double brick home with high ceilings in need of some renovation.
+ Floorboards throughout home
+ Good size bedrooms two fitted with built in wardrobes and ceiling fans
+ Quaint kitchen
+ Good size living room with separate meals area
+ Bathroom with separate toilet
+ Laundry
+ High clearance carport
+ Massive Yard space
+ Bus stop at door
+ Located in the Heart of Penrith CBD, close to the Main Street, Penrith Train Station, Nepean Shopping Village and Westfields Penrith plus various Private and Public Schools.
Plus, plenty more to see when you book an inspection....
This property is situated in the perfect location for every family member to enjoy all the amenities and recreational facilities this thriving and prosperous city has on offer.
Penrith is an exciting area with many delights for its residents, from top retail shopping to upmarket cafes and fine dining. It offers as much fun for families with the beautiful Nepean River, Penrith Lakes and white-water rafting stadium, The Penrith Panthers Club, I fly, Wake and Leisure water park, and much more.
Take advantage of the popular bridge to bridge walk around Nepean River to maintain a healthy lifestyle, then enjoy a coffee at the Coffee Club or a meal at East Bank Eatery.
This site is conveniently located within walking distance, a short drive or bus ride to Penrith CBD. Easy access to Western Sydney University, TAFE Campus, Penrith Academic Selective High School, Nepean District Hospital, medical facilities amongst other services.
Plenty of shopping facilities with Westfields Shopping Plaza and Nepean Shopping Village.
Easy access to public transport via Penrith Station, bus services and to the M4 motorway.
If you would like to know more information about this property, feel free to contact Joseph Vella on 0403 183 638.
Properties this close to town do not last long. So Be Quick!
Please note: The photos used in this advertisement are AI generated and/or enhanced images for this property. Any prospective buyer must physically inspect the property before submitting an offer to purchase.
Please Note: Agent has interest in this property.
Disclaimer: All information contained herein is gathered from sources we believe to be dependable. We have not verified whether that information is accurate, and do not have any belief one way or the other in its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on.
All interested parties should make and rely upon their own inquiries to determine whether this information is, in fact, accurate.
Listing description written by Joseph Vella, First National Real Estate Penrith — reproduced as published, not verified by Districts.