Penrith street holds high development potential

Three groups of homes on the same street and zoned R4 for high density residential development are on the market in Penrith.

Located on Hope St, the listings are hot property for developers hunting for apartment sites.

On top of this, demand for housing close to Nepean Hospital, which is within walking distance from Hope St, is on the rise.

Two houses at numbers 21 and 23 Hope St are listed together with a price guide of $1 million to $1.1 million per lot.

Just across the road, the seven houses at 24-36 Hope St are being offered in one line, also for $1 million to $1.1 million per lot. The properties can also be purchased in a smaller configuration, with a minimum of two lots to make a deal.

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