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
$1,750,000
For sale
Asking
4
Bedrooms
2
Bathrooms
2
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
Asking
$1,750,000
Asking · $1,488/m² of land
No recorded sale for this property.
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.
Vs Penrith
+65.1%
Median sale
Suburb $1,060,000
-1.13 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.
$82,129 on top of the price (4.7% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: New South Wales schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Pre-filled with Penrith's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
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.
Gross yield if leased at the suburb aggregate is 1.7%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. 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 PRD PenrithSome opportunities are born from ashes. This one certainly is.
PRD Penrith Projects is pleased to offer 85-87 Lethbridge Street, Penrith for sale.
Following a significant fire, the existing structure at 85-87 Lethbridge Street has reached the end of its chapter - but the land beneath it is just beginning its story.
Key facts
• 2 adjoining lots
• Approx. 588sqm each
• Approx. 1,176sqm combined
• Approx. 12.19m frontage per lot
• Approx. 24.38m combined frontage
• Zoned R4 High Density Residential
• 18m height limit
• Existing 2-storey dwelling significantly damaged by fire
• Offered strictly as is
Potential Uses - Subject to Consent
Residential Flat Building - Apartments R4 zoning permits residential flat buildings with consent. The combined 1,186m² holding clears Penrith LEP's 1,100m² minimum lot size for apartments. Current LEP height limit is 18m. The frontage of 24.38m meets the minimum requirement of 24m
Duplexes Expressly permitted with consent under the Penrith R4 LEP. The most straightforward and currently most financially feasible path. Two pairs of duplexes across the two existing lots. Each lot of approximately 588m² satisfies the LEP minimum lot size requirement.
Terraces or Manor Houses Permitted pathways under the NSW Low & Mid-Rise Housing Policy (Chapter 6, Housing SEPP, effective 28 February 2025). This site falls within 800m of Penrith station and town centre, a nominated location under the policy.
Boarding House Expressly permitted with consent under the Penrith R4 LEP. The Housing SEPP allows boarding houses to access the maximum permissible FSR for residential accommodation plus an additional 30% FSR where extra floor space is used solely for boarding house purposes.
Co-Living Housing Expressly permitted with consent under the Penrith R4 LEP where residential flat buildings are permitted. The Housing SEPP allows co-living housing up to the standard residential FSR plus an additional 10% FSR bonus. Minimum communal open space of 20% of site area required.
Medical / Health Services Facility (DA) Lethbridge Street is an active and growing medical corridor. Recent DAs and transactions include No. 38-40 (medical centre approved), No. 77 (health services facility approved), and No. 164-166 (council-approved medical consulting). The $1B+ Nepean Hospital Stage 2 redevelopment due late 2026 is driving sustained demand for consulting and specialist space in this precinct.
The fire may have ended one story here. The next one - yours - is ready to be written.
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.
Listing description written by Thomas Latty, PRD Penrith — reproduced as published, not verified by Districts.