145 Derby Street, Penrith NSW 2750

detached house | 696sqm | flood overlay | school catchment | Penrith CBD This property presents as a competitively positioned family home on a substantial 696sqm lot within walking distance of Penrith’s public school, hospital, and transport links. Its above-average land size for the area, combined with a 4-bedroom, 2-bathroom layout, gives it a practical edge for owner-occupiers seeking immediate space without sacrificing proximity to the M4 and Western Sydney employment corridor. The asking price sits above automated estimates, suggesting the vendor is pricing for condition and location rather than land value alone, which positions it best for a buyer who values a move-in ready house over a discount. The primary risk is the flood overlay, which may tighten lender appetite, increase insurance premiums, and limit future redevelopment flexibility. This overlay effectively caps the property’s upside for speculators and raises holding costs for investors, though for a family planning to occupy long-term, the practical location and NBN connectivity offset this concern. The property is best held as a stable family home, not as a development play.