55 Castlereagh St, Riverstone is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1975. The property has a land size of 1012m2 and floor size of 172m2.This Property is currently listed for sale with Ray White Schofields
Located just an 8 minute walk from Riverstone Train Station, this exceptional family residence presents a rare opportunity on a 1,012sqm parcel, complete with approved subdivision plans for 2 separate lots, perfect for investors, developers, or families seeking future potential. Offering space, flexibility, and convenience, this property is ideally positioned within close proximity to local shops, public transport, and quality schools, ensuring a lifestyle of ease and accessibility.
The existing home features spacious open plan living area, designed as the heart of the home, ideal for both entertaining guests and relaxing with family after a long day. Flowing seamlessly from here is the well appointed kitchen and dining space. The kitchen boasts ample cabinetry, stainless steel appliances, a gas cooktop, and generous bench space, making meal preparation both practical and enjoyable.
Accommodation comprises three well proportioned bedrooms, with built in wardrobes to bedrooms one and two, ensuring comfort and functionality for the whole family.
Stepping outside, the expansive backyard showcases the true value of this property. With approved subdivision plans already in place, it offers outstanding potential for future development, renovation, or investment making it an opportunity not to be missed.
Whether you're looking to move in, invest, or develop, this property combines immediate comfort with long term upside in a highly sought after location.
Features to love:
- Expansive 1,012sqm landholding with exceptional future potential
- Multiple spacious living zones, ideal for growing families
- Secure single car garage with additional driveway parking options
- LED downlights throughout the home
- Stylish timber floorboards
- Built in wardrobes
- Ceiling fans throughout for year round comfort
Contact us for a copy of the approved Subdivision plans!
Location highlights:
- 8 minute walk to Riverstone Train Station
- 7 minute walk to Riverstone Public School
- 9 minute drive to Tallawong Village and Metro Station
- 3 minute drive to Riverstone High School
- 10 minute drive to Schofields Village and Train station
- 10 minute walk to Riverstone Hotel
- 2 minute drive to Cranbourne Park
Disclaimer: All information contained herein is obtained from property owners or third-party sources which we believe are reliable. We have no reason to doubt its accuracy; however, we cannot guarantee it. All interested persons should rely on their inquiries.
The size of Riverstone is approximately 5.5 square kilometres. It has 9 parks covering nearly 3.3% of total area. The population of Riverstone in 2016 was 7247 people. By 2021 the population was 8627 showing a population growth of 19.0% in the area during that time. The predominant age group in Riverstone is 30-39 years. Households in Riverstone are primarily couples with children and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Riverstone work in a professional occupation.In 2021, 62.40% of the homes in Riverstone were owner-occupied compared with 64.70% in 2016.
Riverstone has 6,921 properties. Over the last 5 years, Houses in Riverstone have seen a 55.67% increase in median value, while Units have seen a 36.42% increase. As at 31 March 2026:
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