FOR SALE
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17 Farrells Lane
Castlereagh NSW 2749

Bedrooms: 6
Bathrooms: 2
Car spaces: 2
Land area: 1ha
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Auction Time
Thu 19 Dec 6:30 pm
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No upcoming inspections scheduled.
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R2-Zoned Acreage Ideal for Home or Investment

Spanning a one-hectare parcel (approx 2.4 acres), this R2-zoned property presents endless opportunities for homeowners and developers. Whether transforming the existing home or embarking on a complete rebuild, the potential to create a semi-rural retreat is unmatched. Visionary developers may also see the land as a prime prospect for future development or land banking (STCA).
The existing two-storey home boasts six bedrooms, including a flexible space perfect for a teenager's retreat or elderly parent's living quarters. With two bathrooms, one on each level, the layout is practical and accommodating, awaiting a fresh design vision.
Beyond the home, the grounds are ideal for children, pets, or simply enjoying semi-rural living. Fruit trees, including fig, mulberry, lemon, and orange, add a charming touch of country life. Meanwhile, the detached garage with a carport and additional toilet, plus town water and sewer connections, provide added convenience.
Located opposite Penrith Lakes, the new Penrith Beach, and only 10 minutes from Penrith CBD, this property balances peaceful living and urban connection. It's an extraordinary opportunity to create a lifestyle or investment capitalising on the property's immense potential.
Features: - One-hectare R2-zoned property offering versatility for homeowners or developers - Endless possibilities for a semi-rural retreat, renovation, or complete rebuild (STCA) - Six-bedroom, two-storey home with flexible spaces for multigenerational living - Practical layout with two bathrooms and a home office space - Spacious grounds perfect for children, pets, or outdoor enjoyment - Fruit trees, including fig, mulberry, lemon, and orange, add a country charm - Detached garage with carport plus sheds, town water, and sewer connections - Prime location opposite Penrith Lakes and just 10 minutes to Penrith CBD
Contact your friendly Cutcliffe agent today to arrange an inspection.

Property Details for 17 Farrells Lane, Castlereagh

17 Farrells Lane, Castlereagh is a 6 bedroom, 2 bathroom AcreageSemi-rural with 2 parking spaces. The property has a land size of 1ha. The place is currently for sale with Cutcliffe Real Estate.

Building Type
AcreageSemi-rural
Land Size
1ha

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About Castlereagh 2749

The size of Castlereagh is approximately 32.1 square kilometres. It has 6 parks covering nearly 7.7% of total area. The population of Castlereagh in 2011 was 1,054 people. By 2016 the population was 1,188 showing a population growth of 12.7% in the area during that time. The predominant age group in Castlereagh is 50-59 years. Households in Castlereagh are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Castlereagh work in a clerical occupation. In 2011, 79.5% of the homes in Castlereagh were owner-occupied compared with 79.1% in 2016.

Castlereagh has 510 properties. Over the last 5 years, Houses in Castlereagh have seen a 87.21% increase in median value, while Units have seen a 29.31% increase. As at 30 November 2024:

  • The median value for Houses in Castlereagh is $2,077,965 while the median value for Units is $673,138.
  • Houses have a median rent of $1,000.
There are currently 5 properties listed for sale, and 2 properties listed for rent in Castlereagh on OnTheHouse. According to CoreLogic's data, 18 properties were sold in the past 12 months in Castlereagh.

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Nathan Vincin
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Natalie Mcguire
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Cutcliffe Real Estate
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