24 Forest StreetCastlemaine VIC 3450
Property Details for 24 Forest St, Castlemaine
24 Forest St, Castlemaine is a 6 bedroom, 3 bathroom House with 4 parking spaces. The property has a land size of 527m2.
Last Listing description (March 2021)
In the centre of town with Residential 1 Zoning, is this ideal investment property in well-maintained condition. The property offers three independent dwellings, the front house with entry hall, three bedrooms plus study, timber kitchen/living area, bathroom with separate toilet, reverse cycle unit and gas heating. Apartment one offers two bedrooms, bathroom, kitchen with gas cooking and generous living space with reverse cycle air conditioner. Apartment two has one bedroom, kitchen/living area plus bathroom. Each dwelling has garden access. Current gross rents are $40,560 per annum, with potential to increase to current market conditions, approx. $45,770 per annum. Each property is separately rated by Mount Alexander Shire and is separately metred for electricity and gas. Find your base in Castlemaine with added income, or grab your friends and invest together. A rare opportunity with endless potential.
Property History for 24 Forest St, Castlemaine, VIC 3450
- 03 Dec 2020Listed for Sale $780,000-$855,000
Recent sales nearby
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About Castlemaine 3450
The size of Castlemaine is approximately 20.2 square kilometres. There are 26 parks, covering nearly 22.3% of the total area. The population of Castlemaine in 2016 was 6757 people. By 2021 the population was 7506 showing a population growth of 11.1% in the area during that time. The predominant age group in Castlemaine is 60-69 years. Households in Castlemaine are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Castlemaine work in a professional occupation.In 2021, 73.40% of the homes in Castlemaine were owner-occupied compared with 71.00% in 2016.
Castlemaine has 4,796 properties. Over the last 5 years, Houses in Castlemaine have seen a 18.57% increase in median value, while Units have seen a 15.87% increase. As at 31 May 2026:
- The median value for Houses in Castlemaine is $767,188 while the median value for Units is $536,354.
- Houses have a median rent of $560 while Units have a median rent of $395.
Suburb Insights for Castlemaine 3450
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