For Sale

30 Castlereagh Avenue, Binnaway NSW 2395

Country Investment Opportunity with Immediate Returns

House

Type

Bedrooms

Bathrooms

Parkings

Last updated on Wednesday, October 21, 2026 ( See property details for 30 Castlereagh Avenue, Binnaway NSW 2395)

$249,999

Chris Korff LICENSEE/ AUCTIONEER

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A well-maintained 3-bedroom home in Binnaway offering excellent investment potential with modern updates and a prime riverfront location.

🏡 Property Highlights

Immediate 5.5% gross return on investment with a reliable long-term tenant paying $320/week
Generous 812sqm block with rear lane access suitable for future development (STCA)
Freshly renovated interiors featuring Gyprock walls, modern flooring, and neutral paint palette
Solar panels installed to reduce electricity costs and enhance tenant appeal
Prime location directly opposite the river with peaceful, premium outlook
Close to amenities including Central School, public pool, and Main Street

✨ Key Features

Built-in Robes
Open-Plan Living
Outdoor Area
Solar Panels
Waterfront / Views
Garage / Secure Parking
External Laundry
Gas
Ceiling Fans
Fully fenced

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30 Castlereagh Avenue

Binnaway, NSW 2395

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Suburb and Property Insights of Binnaway, NSW 2395

Binnaway is a peaceful rural town offering a strong community vibe, close proximity to essential amenities, scenic riverfront views, and excellent potential for future development. Its convenient location near schools, the public pool, and Main Street makes it ideal for both residents and investors seeking a relaxed lifestyle with growth prospects.

Frequently Asked Questions

What is the current rental income and potential for future rent increases?

The property is currently leased at $320 per week, with potential for rent increases based on market conditions and property improvements.

Are there any development restrictions or zoning regulations on the large 812sqm block?

Development potential is subject to council approval (STCA). It is advisable to consult local planning regulations for specific restrictions.

What are the ongoing costs associated with the property?

Approximate council rates are $65 per fortnight, with water costs also applicable. Maintenance costs are minimal due to recent renovations.

Is the property suitable for future expansion or adding additional structures?

Yes, the large block with rear lane access offers ample space for sheds, workshops, or further development subject to council approval.

What are the benefits of the solar panels installed on the property?

The solar panels help reduce electricity costs and improve tenant appeal by offering lower utility bills.

What to ask about this property to agent?

Are there any existing easements or covenants on the property that could affect future development? Has the property been inspected for any structural issues or pests, given its age? Are there any planned infrastructure projects or zoning changes in Binnaway that could impact property value? What are the long-term maintenance costs associated with the property and its recent renovations? Is the rear lane access suitable for future construction or additional parking needs? Are there any restrictions or requirements related to the installation of additional structures or sheds? Has the property been assessed for flood or bushfire risks in the area? Are there any strata or community title considerations, or is it freehold? What are the terms of the current lease, and when is it due for renewal? Are there any upcoming local council or community developments that could influence the neighbourhood?

30 Castlereagh Avenue, Binnaway NSW 2395 - More Details

Country Investment Opportunity with Immediate Returns

This 3 Bedroom Home in Binnaway although on the Older side will Give an immediate return on your investment.
Fully leased to an excellent reliable long-term tenant , currently paying $320/week

This 3-bedroom home on a generous 812sqm block with rear lane access offers an immediate 5.5% gross return on investment,
The functional kitchen and external laundry (including a second toilet)
The hard work has already started here. This home features:
Fresh interiors with recently installed Gyprock walls and ceilings throughout
Durable new flooring, including high-quality vinyl and carpet for a modern look and easy maintenance
Freshly painted interiors in a clean, neutral palette
Solar panels installed to help reduce electricity costs and improve tenant appeal
Efficient gas heating and a solid carport

Positioned in one of the best spots in Binnaway, the house is:
Directly opposite the river for a peaceful, premium outlook.
Current Rent: $320 per week ($16,640 annual income)
Low Holding Costs: Approx. $65 per fortnight council rates plus water
Approximately 100m from Central School,the public pool and Main Street - everything is at your doorstep
The large 812sqm block with valuable rear lane access provides ample room for future sheds, workshops, or further development (STCA).

Asking Price was $300,000.00 NOW $249,999.00

For your Inspection Contact
Chris Korff
0427 005090

Type: House
Bedrooms: 3
Bathrooms: 1
Parkings: 1
Area: 0.0

Map & nearby places — 30 Castlereagh Avenue, Binnaway NSW 2395

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Costs and returns

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School catchments

Government school zones this property is inside, from the outlines we hold. A zone can change, and being in a zone is not a guarantee of a place, so check with the school or the education department.

We do not hold a school zone outline for this address. That does not mean it has no zoned school: use the education department’s school finder to check.

Email Enquiry To Ray White Korff and Co - COONABARABRAN

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Chris Korff

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30 Castlereagh Avenue, Binnaway NSW 2395

$249,999

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