38 Bowden Street, Castlemaine, VIC 3450 sold on 02 May 2025 | OnTheHouse
SOLD
Sold on 02 May 2025 for $2,750,000

38 Bowden Street
Castlemaine VIC 3450

Bedrooms: 11
Bathrooms: 2
Car spaces: -
Land area: 17258m2
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Property Details for 38 Bowden St, Castlemaine

Building Type
Commercial
Land Size
17258m2
Local Government
Mount Alexander
Lot/Plan
23B~115/PP5163

Last Listing description (June 2025)


A realm where an intriguing history intertwines with lucrative possibilities, this landmark estate of rarity and grandeur, within the refurbished Old Castlemaine Gaol, is a testament to Victoria's rich heritage and unparalleled future opportunities. Transformed by one of Australia's most renowned creative couples, David and Yuge Bromley from Bromley and Co. the 1.73 hectares of residentially zoned land has been transformed into a museum collection of art, sculpture and curiosity.

Established in 1861, this magnificent estate, crafted from locally sourced sandstone and granite, stands as a beacon of a bygone era, now reborn by the iconic duo to accommodate diverse pursuits. The site caters to a myriad of uses including an enchanting event space, cafe, luxurious hotel and a vibrant tourism attraction (STCA).

"Something that housed sadness, despair, depravity, a loss of freedom, transformed into a space that was instead imbued with a sense of romance, whimsy and a breath of light and life." - D. & Y. Bromley.

Conveniently located in the heart of Castlemaine, mere steps from the Castlemaine Railway Station, this iconic site offers seamless access to Melbourne, and just 90 minutes from the International Airport. Yet, it retains its serene charm, nestled within the Central Highlandsa hub of art and food culture, promising a genuinely eclectic experience for guests.

This unparalleled opportunity holds vast potential for expansion in a flourishing regional town, ideal for a luxury boutique hotel or a haven for hospitality and weddings, inviting the discerning investor to seize a chance for substantial growth and visionary innovation. Be part of the transformationa journey from sadness to optimismin a space where every corner resonates with light, life, and possibility.

KEY FEATURES:

1.73 Hectares* of residential land on one title GRZ1;
2,982 m2* of gross building area;
Incomparable views over the Castlemaine township;
Endless potential (STCA) with existing structures suitable for multi-sector uses including commercial, accommodation, lifestyle, recreation and residential (STCA);
80 former gaol cells / rooms off a central entrance foyer across three wings, with upstairs level;
4 original watchtowers;
Historic Governor's residence cottage, transformed into operational cafe;
Outdoor shipping container fitted out to be a bar / servery;
Large event space room leading to a huge landscaped courtyard;
Large operational commercial kitchen, including cool room;
2 current on-premise liquor licences, for 130 patrons and 300 patrons;
2 wings of the original Wardens' residences, comprising 11 rooms;
Internal brick workshop;
Large external industrial red brick workshop;

** We have obtained all information in this document from sources we believe to be reliable, however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

Property History for 38 Bowden St, Castlemaine, VIC 3450

A timeline of how this property has performed in the market
Last Sold
$2,750,000
02 May 2025
  • 02 May 2025
    Sold for $2,750,000
  • 02 Apr 2025
    Listed for Sale $2,600,000 - $2,800,000
  • 20 Mar 2024
    Listed for Sale $3,500,000
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About Castlemaine 3450

The size of Castlemaine is approximately 20.2 square kilometres. It has 26 parks covering nearly 22.3% of 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 4,803 properties. Over the last 5 years, Houses in Castlemaine have seen a 30.71% increase in median value, while Units have seen a 30.30% increase. As at 31 January 2026:

  • The median value for Houses in Castlemaine is $780,444 while the median value for Units is $538,448.
  • Houses have a median rent of $500 while Units have a median rent of $400.
There are currently 19 properties listed for sale, and 1 property listed for rent in Castlemaine on OnTheHouse. According to Cotality's data, 197 properties were sold in the past 12 months in Castlemaine.

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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.