38/40-50 Union Road Penrith NSW 2750

3 bedrooms | 2 bathrooms + powder room | Blue Mountains views | flood overlay detected | 1.03 acres This property offers a rare configuration for a flat apartment: 1.03 acres of land with a three-bedroom, two-bathroom layout plus a separate powder room. The large balcony with Blue Mountains views and the modern kitchen with stone benchtops are features that typically command a premium in the Penrith market. The property is best suited to a buyer seeking a spacious, low-maintenance home with strong rental potential—the estimated $680 per week rental income supports this. The reliable NBN and 5G coverage are practical advantages for remote workers. The flood overlay is the primary risk, as it may affect insurance costs and resale liquidity, though no bushfire or heritage overlays are present. The buyer should factor this into their offer strategy, as it weakens the negotiating position relative to comparable properties without the overlay. The property sits within good school catchments and has been on the market only three days, suggesting fresh interest. Hold this property for medium-term capital growth, leveraging the land component and views as key differentiators in a stable suburban market.