Property market & development

Castlereagh property market, zoning & development — NSW 2749

Castlereagh is a compact suburb of about 1,200 people in NSW’s Penrith, made up almost entirely of houses. With a median weekly rent of $428 and family-sized households averaging 3.4 people, this page brings together verified ABS Census measures to help you gauge the local market and where Castlereagh blocks may hold value. Then audit a specific block to see its exact value and development potential.

Postcode 2749PenrithNSW
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Market snapshot

Castlereagh property market snapshot

Median weekly rent
$428/wk
Median monthly mortgage
$3,033/mo
Median household income
$2,370/wk
Population
1,248
Median age
38
Avg household size
3.4
Private dwellings
373
Apartments
2%

Source: ABS Census 2021 · Reference: August 2021 · Suburb-level

Prices & value

Castlereagh house & unit prices — and what yours is worth

We don't publish current Castlereagh sale prices yet. Individual sale records are not published here. Figures shown are suburb-level medians from ABS/Census sources — audit an exact address for property-specific analysis. The figures above are ABS Census measures; for a current, address-specific estimate and value-add scenarios, audit the exact property.

Value-add

What could you do with a Castlereagh property?

General value-add directions — none of these imply approval for any specific site. Exact feasibility depends on the block and its planning controls.

Cosmetic renovation

Refresh kitchens, bathrooms and finishes to lift value without structural change.

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Second-storey addition

Add living space upward where the existing dwelling and site allow.

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Dual occupancy

Two dwellings on one lot can be viable on suitable blocks under the right controls.

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Granny flat

A secondary dwelling can add rental income or flexible family space.

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Subdivision

Larger or wider lots may support subdivision, subject to minimum-lot rules.

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Knockdown rebuild

Replacing an older dwelling can unlock a site’s full potential.

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Zoning & planning

Castlereagh zoning and planning controls

What you can build in Castlereagh

Primary residential zoneR — Residential
Planning instrumentBlue Mountains Local Environmental Plan 2015; Hawkesbury Local Environmental Plan 2012; Penrith Local Environmental Plan 2010; State Environmental Planning Policy (Precincts—Western Parkland City) 2021
What the zone allowsresidential development as set by the local plan
Dual occupancy (duplex)Depends on the zone and the individual lot
Secondary dwelling (granny flat)Generally permitted on residential lots that meet the NSW housing SEPP criteria
SubdivisionGoverned by the minimum lot size for the zone

A general guide from the zoning below — exact controls vary by address, instrument and proposal. Audit an exact Castlereagh address →

Castlereagh's residential land is zoned R Residential, R2 Low Density Residential — the starting point for what can be built, before address-level controls.

Residential
R ResidentialR2 Low Density Residential
Business & centres
E4 General Industrial
Recreation
P ParklandRE1 Public Recreation
Environmental & conservation
C2 Environmental ConservationE EnvironmentC4 Environmental LivingC1 National Parks and Nature ReservesC3 Environmental Management
Rural
RU4 Primary Production Small LotsRU1 Primary Production
Special purpose
SP2 Infrastructure
Waterway
W1 Natural WaterwaysW Waterway
Other
DM Deferred MatterT TourismU UnzonedEP Employment

Planning instrument: Blue Mountains Local Environmental Plan 2015; Hawkesbury Local Environmental Plan 2012; Penrith Local Environmental Plan 2010; State Environmental Planning Policy (Precincts—Western Parkland City) 2021.

NSW's low- and mid-rise housing reforms are progressively lifting what's permissible near centres and transport across the state, so a Castlereagh site's potential today can differ from its history. Exact controls — zone, height, floor-space ratio, minimum lot size, heritage and any coastal or environmental overlays — vary by address, planning instrument, site and proposal. Confirm them for a specific site.

Zoning source: NSW ePlanning (EPI Primary Planning Layers) · as of August 2026. General and qualified — verify controls for any specific address.

Questions

Castlereagh duplex, zoning & market FAQs

Can I build a duplex (dual occupancy) in Castlereagh?

Often, yes — on a qualifying lot. Castlereagh's residential land is zoned R, R2, where dual occupancy is generally permissible on sites that meet the minimum lot size and other controls under Blue Mountains Local Environmental Plan 2015; Hawkesbury Local Environmental Plan 2012; Penrith Local Environmental Plan 2010; State Environmental Planning Policy (Precincts—Western Parkland City) 2021. Whether a specific block qualifies depends on its size, shape and frontage — audit an exact Castlereagh address to confirm.

Can I build a granny flat in Castlereagh?

Usually, yes — on a suitable residential lot. A secondary dwelling (granny flat) is generally permitted on residential lots in Castlereagh that meet the NSW housing SEPP criteria for lot size and setbacks. Audit your Castlereagh address to check feasibility for the exact site.

Can I subdivide a property in Castlereagh?

Sometimes — it depends on your block. Subdivision in Castlereagh is governed by the minimum lot size for the zone under Blue Mountains Local Environmental Plan 2015; Hawkesbury Local Environmental Plan 2012; Penrith Local Environmental Plan 2010; State Environmental Planning Policy (Precincts—Western Parkland City) 2021; larger or wider lots have the most potential. Audit an exact address to see whether subdivision is on the table.

What can you build in Castlereagh?

Castlereagh's residential land is primarily zoned R Residential, which allows residential development as set by the local plan. Exact controls vary by address — audit a specific Castlereagh block for what it can become.

What are the current Castlereagh house and unit prices?

We don't publish current sale prices on this page yet — the figures shown are measured ABS Census medians, not live sale data. For a current, address-specific value estimate, run a free Upblock audit.

Where does the Castlereagh data come from?

Population, dwelling and median figures are from the ABS 2021 Census; amenity counts from OpenStreetMap; zoning from the NSW ePlanning planning layers. Each is labelled with its source.

Is my search private?

Public suburb pages never expose an individual owner's identity, contact details or selling intent. Address-specific analysis runs inside Upblock's private audit flow.

Every Castlereagh property has a hidden number.

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Disclaimer: Upblock provides indicative property insights for research purposes only. All information should be verified independently with qualified professionals. This is not financial, legal, or professional advice. Estimates and scenarios are indicative only and do not constitute property valuations.