23 Gibbes Street, Regentville NSW 2745

Detached house on 694sqm | Low-density zone | Modest 1980 build | Underdeveloped land holding The buying case rests on the land-to-improvement ratio, which is unusually wide for a low-density residential zone in Penrith. The existing 97sqm dwelling sits on a 694sqm parcel, meaning the property is effectively a land investment with a rentable cottage. For a buyer seeking a future site for a substantial family home or a compliant dual-occupancy redevelopment, this configuration offers a rare entry point into Regentville without paying a premium for an already-upgraded house. The 1980 build is structurally sound enough to hold tenants while approvals are sought, which suits an investor or a buyer with a two-to-three-year horizon. The primary risk is the severe data inconsistency around bedroom and bathroom counts, which suggests either a past subdivision or an unapproved internal conversion. A buyer must commission a physical inspection and a building survey to confirm the legal configuration before any financial offer. The $600,000 sold reference likely predates the current market cycle by several years, while the $1.593 million estimate may reflect a fully renovated comparable. The correct purchase price sits somewhere between these, and the buyer’s edge comes from verifying the property’s true condition and zoning capacity. Hold this property for its land value trajectory, not its current rental yield.