96 Copeland Street, Penrith NSW 2750
96 Copeland Street, Penrith NSW 2750
Vacant R4 development site | 1,574m² lot | No FSR limits | No overlays | Penrith school catchments
This property presents a clear development opportunity on a large, unencumbered parcel zoned for medium-high density residential. Its competitive strength lies in the absence of floor space ratio limits and bushfire or heritage constraints, which streamlines the approval process for a builder or developer. The site is best suited for a party with the capital and expertise to execute a multi-unit project, capitalising on the underlying land value and zoning potential.
The primary risk is the substantial capital outlay for a vacant block, which generates minimal immediate income against holding costs. The current low indicative rental yield is irrelevant; the commercial logic is entirely in the subdivision and construction premium. Acquire only with approved plans in hand, and proceed directly to development to justify the price point.
Independent, Unbiased Research Report for this property by PropCred Analyst team
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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
Bathroom
Parking
-
Land
1574m²
Assessments Delivered Today
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