3 Vista Street, Penrith NSW 2750

R4 zoning tightly held | 569sqm with density upside | below-market rent | established growth corridor This property is competitively strong primarily because of its R4 high-density zoning on a 569sqm site in a corridor where such land is tightly held. For a buyer with medium-term development intentions, the zoning alone positions this ahead of standard residential stock. The current rent of $570 per week provides immediate holding cost cover, while the property’s location near Penrith CBD, transport, and schools supports steady tenant demand. It best serves an investor or developer willing to hold for rezoning or future DA approval, rather than an owner-occupier seeking a finished home. The main risk is the single bathroom and dated condition, which limits rental growth without capital spend. The modest rent also means yield is below market for a standard house, so the buyer is effectively paying for land value and future potential. Opportunities include lodging a planning proposal for higher density or retaining as a land bank while collecting income. Hold for zoning uplift or sell to a developer once council appetite for density is clearer.