850-856 Castlereagh Rd, Castlereagh is a 6 bedroom, 4 bathroom House with 10 parking spaces and was built in 1875. The property has a land size of 20236m2 and floor size of 161m2. While the property is not currently for sale or for rent, it was last sold in October 2016.
Raine & Horne Penrith proudly presents this outstanding opportunity to acquire the perfect income producing property with magnificent road frontage on 5 acres in the most sought after street addresses in the area with stunning Blue Mountains and Nepean River views and centrally located to Penrith CBD, Richmond and all major amenities.
With immense street appeal, stunning post and rail fencing, tar sealed driveway and lush green paddocks, this truly unique and beautiful property is being offered to the market for the first time in 35 years.
Aptly described as a gorgeous country cottage oozing heaps of character and charm of yesteryear with wrap around veranda on 3 sides surrounded by manicured lawns and mature palm trees. The home boasts 3 bedrooms, the master on the upper level (loft style) has his and her walk-in robes, bath and toilet. On the lower level you are greeted by a formal entry leading into the formal lounge room with fireplace and an office/study area. The spacious timber kitchen is warm and inviting has a breakfast bar and leads off to the dining and family room. Other features include 10ft ceilings, ornate cornice and decorative plaster with the old fashion pull cords and the walls are double brick. Both the bathroom and laundry are modern with floor to ceiling tiles. There is also an in ground salt water pool, BBQ area and low maintenance gardens and beautiful shady trees adding to this already perfect picture.
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:
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