House for Sale
AUCTION
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Ideal Land Banking Opportunity

10 Blaxland Avenue, Penrith, NSW 2750

3 bed2 bath5 car
Well positioned property with an upside in a tightly held part of Penrith City.

The home has seen better years. To buy and hold would require some renovations however there is a large machinery shed that has the potential to create dual income.

Market conditions have made redevelopment of sites like this change from a focus on maximum yield to a focus on delivering what the buyers really want.

Investors are not a key market for developers today. Current bank lending policies have changed buyers requirements dramatically.

These changes have opened the door for First Home Buyers and downsizers.

The latter is a neglected sector of the market. Developers have been focusing on yield at the expense of liveability. That must now change.

Western Sydney is like a hidden secret that only Western Sydney seems to appreciate.

If you live day to day in an area experiencing a construction boom you quickly become aware that investment opportunities are everywhere.

What makes investing in Penrith your best move? Simple - Government spending. Penrith has a very even spread of Government infrastructure spending, Commercial/Industrial spending and private sector residential spending.

Jobs are the real driving force behind the growth with cities like Parramatta only 23 minutes by train. Well paid executive jobs are now so close that areas like Penrith now provide opportunities for the current generation that previous generations could only dream about (usually while they were asleep on the one hour train trip to work in Sydney CBD!).

This property has the ideal mix of potential income today and development upside tomorrow.

Our owners are very keen to move outside the area and understand that they can now buy very well in the area of their choice.

That leaves the door open for you to buy very well here!

Main details

Price:AUCTIONAddress:10 Blaxland AvenueSuburb:PenrithPost Code:2750Type:HouseBedrooms:3Bathrooms:2Car Spaces:5

Land Details

Area:809 m²

Additional Features

Garages:5

Schools in and around Penrith

451m from propertyPrimaryPublicNon-Denominational
595m from propertySecondaryPublicNon-Denominational
705m from propertySecondaryPrivateCatholic
772m from propertyPrimaryPrivateCatholic
1.2km from propertyPrimaryPublicNon-Denominational