30 Castlereagh Avenue
Binnaway, NSW 2395

This three-bedroom home located in Binnaway presents a valuable investment opportunity with immediate returns. Although the property is older, it is fully leased to a reliable long-term tenant, currently paying $320 per week, providing a steady income stream.

Set on a generous 812 square meter block with rear lane access, this residence offers a gross return on investment of approximately 5.5%. The home features a functional kitchen and an external laundry area that includes a second toilet, enhancing convenience for occupants.

The interior has been refreshed with recently installed Gyprock walls and ceilings throughout, complemented by durable new flooring that combines high-quality vinyl and carpet, creating a modern and easy-to-maintain living environment. The freshly painted interiors are presented in a clean, neutral palette, appealing to a broad range of tenants or future owners.

Additional features include solar panels, which contribute to reducing electricity costs and increase tenant appeal, efficient gas heating for comfort, and a solid carport providing covered parking.

Positioned in one of the most desirable locations in Binnaway, the property enjoys a peaceful and premium outlook directly opposite the river. It is conveniently located approximately 100 meters from Central School, the public pool, and Main Street, placing essential amenities within easy reach.

The large block with rear lane access offers ample space for future development, such as sheds or workshops, subject to council approval. Holding costs are low, with council rates and water charges estimated at around $65 per fortnight.

This property represents an excellent opportunity for investors seeking a reliable income and potential for future growth in a sought-after location.