113 Parker Street, Penrith NSW 2750

113 Parker Street, Penrith NSW 2750
4 bed, 2 bath, 3-car house | 273m² build on 563–566m² block | Modernised interiors, strong parking | Near Nepean Hospital precinct | R3-zoned potential This house holds a clear competitive edge for its size and parking provision. At roughly 273m² of internal space on a 563–566m² block, it offers a generous footprint for a detached home in Penrith’s established streets, particularly with three off-street spaces—a rarity in older suburbs where single garages dominate. The modernised kitchen and bathrooms, combined with split-system air conditioning and a fully fenced yard, position it as move-in ready for a family or professional household. Its proximity to Nepean Hospital and Penrith CBD makes it especially suited to medical staff or investors targeting stable rental demand, while the R3 zoning hint adds flexibility for future use, subject to council approval. Value may be shaped by the intensity of site coverage—48% building footprint leaves limited outdoor space, which could deter buyers seeking a large backyard. The ongoing co-living development nearby might alter neighbourhood character over time, potentially affecting amenity or traffic. The discrepancy in land size between 563m² and 566m² is minor, but the lack of confirmed aspect or construction year means you should verify these on inspection. Rental yield signals are modest, so price expectations should hinge on owner-occupier demand rather than investment returns. || Comparable Sales: 115 Parker St sold $848k; 113 Parker St sold $880k in 2023 | Property Price Band: $1.0M–$1.1M | Value Drivers: Modern condition, 3-car parking, 273m² build size
Detailed Independent Property Report prepared  by PropCred Analyst team for 113 Parker Street, Penrith NSW 2750
Checks found:
Value Risk ! 1
Liquidity Risk ! 1
Planning Risk 2
Income Risk
Execution Risk
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Market Insight

Penrith, a key Western Sydney residential and commercial hub draws families, first-home buyers, and investors. Families target houses at a $1.1M median, while first-home buyers and downsizers favour units near $590K, supported by a 41.4% strata share. House prices rose 13.9-15.6% annually to $1.075-1.1M; units grew 4.3-5.7% to $595-600K. Houses sell in 22 days indicating tight supply. Rents for houses reach $620 weekly, units $580, with unit yields up to 4.9%. Future infrastructure and connectivity investments underpin growth, while a 10-year CAGR of 2.2% suggests stable long-term appreciation.
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PropCred Estimated Value

Comparable Sales: 115 Parker St sold $848k; 113 Parker St sold $880k in 2023 | Property Price Band: $1.0M–$1.1M | Value Drivers: Modern condition, 3-car parking, 273m² build size

Bedrooms

4

Bathroom

2

Parking

3

Land

566m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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