28-34 Isaac Smith Rd, Castlereagh is a 5 bedroom, 2 bathroom AcreageSemi-rural with 2 parking spaces. While the property is not currently for sale or for rent, it was last sold in April 2026. There are other 5 bedroom AcreageSemi-rural sold in Castlereagh in the last 12 months.
Secure a high-performing acreage investment in one of Castlereagh's most desirable and tightly held locations. This flat, flood-free 5-acre property offers immediate rental income plus outstanding potential to generate further revenue and future development upside.
The four-bedroom home is currently leased at $1,200 per week, providing reliable cash flow from day one. At the rear, the substantial 24m x 12m commercial shed with 3-phase power presents a valuable opportunity for additional income, ideal for leasing to trades, storage users, workshop operators, or business purposes. The scale and infrastructure offer the potential to generate thousands of dollars in additional income, enhancing the overall return.
Importantly, the generous land size also offers the potential to add a secondary dwelling (STCA), creating another income stream or multi-generational living opportunity.
Located just minutes from Penrith and Richmond, this is a rare opportunity combining strong income, infrastructure, and future growth potential.
Highlights:
• Existing rental income of $1,200 per week
• Large commercial shed with strong additional income potential
• Potential to generate thousands in further income
• Opportunity to add a secondary dwelling (STCA)
• Flat, flood-free 5 acres (2.03ha) - fully usable land
• 3-phase power connected
• Premium location close to major growth areas
Ideal for investors, business owners, or buyers seeking income with long-term upside.
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 2016 was 1171 people. By 2021 the population was 1248 showing a population growth of 6.6% in the area during that time. The predominant age group in Castlereagh is 0-9 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 trades occupation.In 2021, 79.70% of the homes in Castlereagh were owner-occupied compared with 79.10% in 2016.
Castlereagh has 515 properties. Over the last 5 years, Houses in Castlereagh have seen a 52.61% increase in median value, while Units have seen a -6.59% decrease. As at 30 April 2026:
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