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12-14 Ray Street, Castlemaine$1.40m
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12-14 Ray Street

Castlemaine, VIC 3450, Australia
$1.40m
5 bed 2 bath 3 car4477 m²

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About this property

Set on an impressive 4,477 sqm allotment (approx. 1.1 acres) in one of Castlemaine's most sought-after residential pockets, this exceptional property presents a rare combination of lifestyle, space, breathtaking views, and genuine future potential. Commanding spectacular outlooks across Castlemaine and toward Mount Franklin, this substantial family home offers a peaceful private sanctuary while also presenting an exciting development opportunity. With valuable dual street frontages to both Ray Street and Brown Street, and a planning permit already granted for subdivision, the hard work has been done for those looking to capitalise on the property's future potential. Lovingly cared for and thoughtfully improved over many years, the home is surrounded by beautifully established gardens and supported by excellent infrastructure, including a 4.4kW solar system, evaporative cooling, three split-system air conditioners, and solar-boosted hot water. Designed for comfortable family living, the home offers remarkable flexibility with five bedrooms, two bathrooms, three separate living areas, and stunning views from many rooms. The upper level provides an ideal children's retreat, featuring three bedrooms (two with built-in robes) and a central bathroom. Downstairs, the master suite with ensuite and adjoining study creates a private haven, while the spacious room adjacent to the garage offers endless possibilities as a studio, home office, creative space, playroom, or consulting room with convenient access from Brown Street. At the heart of the home, the solid timber kitchen blends warmth and functionality, complete with quality Miele appliances, a 900mm gas cooktop, generous pantry storage, and extensive bench space. The adjoining north-facing living area is bathed in natural light and enjoys a beautiful connection to the private rear courtyard, framed by stone retaining walls and inviting outdoor entertaining spaces. Outside, the property truly comes into its own. Extensive paved entertaining areas, tranquil garden retreats, raised vegetable beds, a greenhouse, and mature trees create a lifestyle of space and self-sufficiency. There is still ample room for future additions such as a swimming pool, tennis court, or further landscaping enhancements. Practicality is equally well catered for with a large motorhome-sized carport, double garage with loft storage, powered workshop with concrete floor, and an additional garden shed. Ideally positioned within easy reach of schools, the train station, and Castlemaine's vibrant town centre, this is a property that offers immediate enjoyment alongside exciting future possibilities. Make no mistake, the vendors are committed to achieving a sale and invite genuine interest from buyers seeking a unique Castlemaine lifestyle property with approved subdivision potential. Properties of this scale, location, and flexibility are exceptionally rare. Don't miss your opportunity to secure one of Castlemaine's most compelling offerings.

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
5
Bathrooms
2
Parking
3
Land Area
4477 m²
Listed
3 months ago

Repayment calculator

$6,763/month
$3,381 /fortnight
Loan $1,116,000 at 6.10% over 30 years

Upfront costs

Deposit$279,000
Stamp duty$76,725
Conveyancing (est.)$2,000
Total upfront$357,725
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Castlemaine

This 5-bedroom house in Castlemaine, VIC 3450 sits within reach of public transport, local shops and nearby schools. It is listed 109% above the $669,000 median of 83 comparable houseswithin 5 km.

Schools near Castlemaine

  • Castlemaine North Primary Schoolprimary · Prep-6 · CoEd
  • Castlemaine Primary Schoolprimary · Prep-6 · CoEd
  • Winters Flat Primary Schoolprimary · Prep-6 · CoEd
  • Castlemaine Secondary Collegesecondary · 7-12 · CoEd

What's nearby

  • Elizabeth St/Johnstone St (bus)393 m away
  • Lyal Eales Stores961 m away
  • McDonalds Reserve492 m away
  • Unnamed600 m away
  • Camp Reserve652 m away

Castlemaine at a glance

Full suburb profile
Population
7,506
Median age
52
Household income
$1,106/wk
Median rent
$300/wk
Median mortgage
$1,362/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Castlemaine price trend

Median sold · House 3 bed

Compound growth +0.9% / yr over 4 yrs

$738kcurrent median

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