3 Railway AvenueCastlemaine VIC 3450
Property Details for 3 Railway Ave, Castlemaine
3 Railway Ave, Castlemaine is a 4 bedroom, 2 bathroom House with 3 parking spaces. The property has a land size of 772m2 and floor size of 126m2. While the property is not currently for sale or for rent, it was last sold in May 2026. There are other 4 bedroom House sold in Castlemaine in the last 12 months.
Last Listing description (May 2026)
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 History for 3 Railway Ave, Castlemaine, VIC 3450
- 26 May 2026Sold for $649,999
- 05 Oct 2023Listed for Rent $295 / week
- 15 May 2023Listed for Sale $659,000
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0About 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 15.97% increase in median value, while Units have seen a 18.41% increase. As at 30 April 2026:
- The median value for Houses in Castlemaine is $738,201 while the median value for Units is $529,891.
- Houses have a median rent of $550 while Units have a median rent of $395.
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