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3 Railway Avenue, Castlemaine$649,999
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Soldhouse

3 Railway Avenue

Castlemaine, VIC 3450, Australia
$649,999
4 bed 2 bath 3 car772 m²

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About this property

Nestled amidst a wonderful established garden setting, this appealing mid-century weatherboard home beautifully retains many of its original features while offering the flexibility so often sought in today's market. Character elements blend seamlessly with practical updates, creating a warm and welcoming environment complemented by an additional income stream of approximately $15,000 per annum from the fully self-contained apartment/studio positioned privately in the rear yard. Large windows throughout the home frame leafy garden outlooks and draw in abundant natural light, enhancing the sense of space and connection to the outdoors. Set within a desirable residential pocket, the property enjoys a highly convenient location approximately 700 metres from the Primary School, local supermarket, recreational amenities and extensive bush walking trails, making everyday living both easy and enjoyable. The main residence comprises three comfortable bedrooms and a central bathroom, along with a well-proportioned kitchen featuring a generous meals area ideal for family gatherings. A separate lounge equipped with a split system provides year-round heating and cooling, ensuring comfort across the seasons. Beneath the home, a cellar offers valuable additional storage or potential for further use, while externally there is a carport and a lock-up garage providing secure parking and workspace options. Privately positioned at the rear, the fully self-contained apartment presents excellent versatility, whether utilised for guest accommodation, multigenerational living or as an income-producing rental. It includes one bedroom, a bathroom, kitchen facilities and a separate living area that opens to a private outdoor deck, creating a peaceful retreat within the garden surrounds. Offering charm, flexibility and an established income opportunity in a sought-after location, this property presents a compelling lifestyle and investment prospect with broad appeal.

Property Details

Property Type
house
Listing Type
Sold
Bedrooms
4
Bathrooms
2
Parking
3
Land Area
772 m²
Listed
3 months ago

Repayment calculator

$3,151/month
$1,576 /fortnight
Loan $519,999 at 6.10% over 30 years

Upfront costs

Deposit$130,000
Stamp duty$34,070
Conveyancing (est.)$2,000
Total upfront$166,070
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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 4-bedroom house in Castlemaine, VIC 3450 sits within reach of public transport, local shops and nearby schools. It is listed 13% below the $750,000 median of 72 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

  • Unnamed (bus)451 m away
  • The Moon1.1 km away
  • Unnamed600 m away
  • Western Reserve904 m away
  • Unnamed1.0 km 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 4 bed

Compound growth -1.5% / yr over 4 yrs

$850kcurrent median

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