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 › Lethbridge St
$1,510,000
Last sold
14 Oct 2024
2
Bedrooms
1
Bathrooms
1
Car spaces
1,318 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
$1,510,000
14 Oct 2024 · derived via latest_sale
Local land rate: recorded House sales in Penrith (last 5 years) with land size have a median of $1,612/m² of land (n=17). 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.
Vs Penrith
+42.5%
Median sale
Suburb $1,060,000
-0.86 pp
Gross yield
Suburb 2.87%
Suburb median $1,060,000 from 15 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
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 PenrithA fantastically Unique opportunity awaits the right buyer to purchase this development site right opposite Penrith Academic Selective School. This site is zoned R4 high density residential development, 1318 m2 (approx.) site area and has two street frontages.
The site is located within a short drive to Penrith's Medical Hub to the Penrith CBD. This the perfect location for every family member to enjoy all the amenities and recreation this thriving and prosperous city has on offer.
Penrith City is a Future capital growth area with the significant upgrade of Penrith's Medical Hub, major upgrades of arterial roads and all the development of new Second Sydney Airport and associated infrastructure projects.
An original two-bedroom home in need of a full renovation or demolition is currently on the site.
The perfect block for the right buyer looking a parcel of land in the perfect position, the investor expanding their property portfolio and a developer looking to invest into the future.
There is also an opportunity for the right buyer to purchase the neighbouring property with a similar block of land subject to negotiation of the terms of the deal with the owner via their sales agent conducting the sale.
Site Highlight Features:
+ Prime Western Sydney Rapid Growth Corridor Region
+ Located near significantly upgraded Penrith's City Medical Hub
+ Raw site with two street frontages
+ Zoning: Sought after R4 (High density Residential development)
+ Total Area: 1318m2 (approx.)
+ Total Frontage: 15.2m (approx.)
+ Gradient: Fall to the Rear Street - (Hope Street)
+ Minutes to Westfield, Panthers, Train Station, Penrith Selective High School & High Street
+ Near M4 Western Sydney Motorway & New Western Sydney Airport
Plus, more to see upon your inspection......
For more information and to book your private inspection call Joseph Vella on 0403 183 638 or Rod McIvor on 0433 189 715.
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 raw development site is conveniently located within walking distance, a short drive or bus ride to Penrith CBD. Easy access to Western Sydney University, TAFE Campus, Nepean District Hospital and Penrith Academic Selective High School right opposite site.
Plenty of shopping facilities with Westfields Shopping Plaza and Nepean Shopping Village.
Easy access to public transport via Penrith and Kingswood Train Station, bus services and to the M4 motorway.
Disclaimer: All information contained herein is gathered from sources we believe to be reliable. 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.