diff --git a/toolchain/toolchain-external/pkg-toolchain-external.mk b/toolchain/toolchain-external/pkg-toolchain-external.mk
index dc0588c536..9be046eb8f 100644
--- a/toolchain/toolchain-external/pkg-toolchain-external.mk
+++ b/toolchain/toolchain-external/pkg-toolchain-external.mk
@@ -77,7 +77,7 @@ ifneq ($(TOOLCHAIN_EXTERNAL_PREFIX),)
 TOOLCHAIN_EXTERNAL_BIN := $(dir $(shell which $(TOOLCHAIN_EXTERNAL_PREFIX)-gcc))
 endif
 else
-TOOLCHAIN_EXTERNAL_BIN := $(TOOLCHAIN_EXTERNAL_INSTALL_DIR)/bin
+TOOLCHAIN_EXTERNAL_BIN := $(TOOLCHAIN_EXTERNAL_INSTALL_DIR)/$(call qstrip,$(BR2_TOOLCHAIN_EXTERNAL_BIN_PATH))
 endif
 
 # If this is a buildroot toolchain, it already has a wrapper which we want to
diff --git a/toolchain/toolchain-external/toolchain-external-custom/Config.in.options b/toolchain/toolchain-external/toolchain-external-custom/Config.in.options
index a28534080d..040191cb4d 100644
--- a/toolchain/toolchain-external/toolchain-external-custom/Config.in.options
+++ b/toolchain/toolchain-external/toolchain-external-custom/Config.in.options
@@ -12,6 +12,14 @@ config BR2_TOOLCHAIN_EXTERNAL_URL
 	help
 	  URL of the custom toolchain tarball to download and install.
 
+config BR2_TOOLCHAIN_EXTERNAL_BIN_PATH
+    string "Toolchain bin path"
+    default "/bin"
+    depends on BR2_TOOLCHAIN_EXTERNAL_DOWNLOAD
+    help
+      Path to where the binaries (e.g. the compiler) can be found,
+      relative to the downloaded toolchain root directory.
+
 config BR2_TOOLCHAIN_EXTERNAL_CUSTOM_PREFIX
 	string "Toolchain prefix"
 	default "$(ARCH)-linux"