2/69 Glebe Place, Penrith NSW 2750

2/69 Glebe Place, Penrith NSW 2750
3 bed duplex | 624sqm land no strata | leased to Feb 2027 | north facing kitchen | active Penrith market The property’s competitive strength lies in the rare combination of a full house footprint on a large lot with no strata fees, paired with a secure tenant until early 2027. This configuration suits an investor seeking immediate cash flow without renovation risk, or a buyer-occupier willing to wait for vacant possession. The north-facing kitchen and study nook are functional advantages, while the gated entry and ducted air conditioning add everyday livability. The absence of overlays and strong school catchment reduce due diligence friction. The primary risk is the fixed lease at $600 per week, which caps rental income below some market estimates and delays owner-occupancy until February 2027. Buyers paying near the guide must accept that the yield is locked, and any capital growth will be market-driven rather than value-add. The 2020 purchase price of $592,000 shows past growth, but the current band leaves limited immediate upside. Hold for medium-term capital gain, or use the lease as a bridge to refinance after vacancy.
Detailed Independent Property Report prepared  by PropCred Analyst team for 2/69 Glebe Place, Penrith NSW 2750
Checks found:
Value Risk 2
Liquidity Risk ! 1
Planning Risk ! 1
Income Risk
Execution Risk ! 1
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Market Insight

Penrith is positioned as a key Western Sydney hub, attracting a diverse demand base. Families and first-home buyers are drawn to its accessible housing spectrum, while a significant apartment market caters to downsizers and investors seeking lower-maintenance options. The market exhibits strong recent price momentum, with houses appreciating at a notably higher rate than units, and properties transacting swiftly. Future growth is underpinned by its established role and planned infrastructure, offering stable, long-term appeal, though the divergence in house and unit performance warrants attention.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

1

Land

624m²

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