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3 Bed • 1 Bath • 1 Car • 1176m²

Main view of Homely house listing, 48 Castlereagh Street, Penrith NSW 2750

Floorplan of Homely house listing, 48 Castlereagh Street, Penrith NSW 2750

Second view of Homely house listing, 48 Castlereagh Street, Penrith NSW 2750

+16

Under Offer

Third view of Homely house listing, 48 Castlereagh Street, Penrith NSW 2750

Fourth view of Homely house listing, 48 Castlereagh Street, Penrith NSW 2750

+14

Under Offer

48 Castlereagh Street, Penrith NSW 2750

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3Bed
1Bath
1 Car
1176m²

House under offer

What's around Castlereagh Street

House description

“Prime Location in Penrith CBD! Massive Corner Block - 1176m2!”

Agent4U 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.

Property features

Built-in Robes

Land details

Area: 1176m²

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Suburb review from the agent

Joseph Vella

Agent4U Realty Group

“Penrith is a vibrant and rapidly growing suburb”

Penrith, located in the Greater Western Sydney region, is a vibrant and rapidly growing suburb offering a blend of urban convenience and suburban charm. Known for its family-friendly atmosphere and diverse amenities, Penrith is becoming an increasingly popular choice for homebuyers seeking value and a strong community feel. Penrith is situated approximately 50 kilometers west of Sydney’s Central Business District (CBD). Despite its distance from the city center, Penrith is well-connected through various transportation options. The suburb is served by the Penrith Train Station, which provides direct services to Sydney’s CBD, with a typical journey taking around 50 to 60 minutes. Additionally, major roadways like the M4 Motorway offer a direct route to the city, making commuting by car convenient. This connectivity allows residents to enjoy a suburban lifestyle while still having relatively easy access to Sydney’s urban amenities. Penrith offers a range of quality educational institutions catering to families with children of all ages. The suburb is home to several well-regarded public schools, including Penrith Public School, known for its strong academic programs and supportive environment. For secondary education, the nearby Penrith High School provides a comprehensive curriculum and a focus on student development. Private education options are also available, with institutions such as the St. Nicholas of Myra Catholic Primary School and the Nepean Creative and Performing Arts High School offering specialized programs and additional opportunities for students. These schools contribute to Penrith’s appeal as a family-friendly suburb with a strong educational foundation. Penrith boasts a variety of parks and recreational areas that enhance its appeal as a family-oriented suburb. The expansive Penrith Regional Park provides ample space for outdoor activities, including picnicking, walking, and nature exploration. The park’s diverse landscapes and natural beauty make it a popular spot for weekend outings. Additionally, the nearby Jamisontown Park offers sports facilities, playgrounds, and BBQ areas, catering to a range of recreational needs. The suburb’s commitment to green spaces and community facilities ensures that residents have access to ample opportunities for outdoor leisure and family activities. Penrith’s dining scene is diverse and continues to evolve, offering a variety of culinary options to suit different tastes and preferences. Local favorites include The Union Hotel, which serves hearty pub fare and is known for its welcoming atmosphere. For those seeking Italian cuisine, Ciao Bella Ristorante offers authentic dishes in a charming setting. The Meat & Wine Co provides a stylish dining experience with a focus on high-quality steaks and an extensive wine list. Additionally, Penrith’s vibrant food culture is complemented by various cafes, such as The Coffee Emporium, which is popular for its relaxed ambiance and quality coffee. Penrith, NSW 2750, is a dynamic suburb that successfully combines suburban comfort with urban accessibility. Its strong transport links to Sydney’s CBD, quality educational institutions, ample green spaces, and diverse dining options make it an attractive choice for families, professionals, and individuals seeking a balanced lifestyle in Greater Western Sydney. Whether you’re drawn by its community feel, recreational amenities, or convenient commuting options, Penrith offers a compelling living experience.

View all reviews of Penrith, NSW 2750