65 Railway Rd, Elphinstone is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1938. The property has a land size of 1966m2 and floor size of 158m2. While the property is not currently for sale or for rent, it was last sold in February 2025. There are other 2 bedroom House sold in Elphinstone in the last 12 months.
This mid-century two-bedroom home, while affected by significant smoke damage, presents an excellent opportunity for first-time buyers or savvy investors looking to enter the market in the charming town of Elphinstone. Set on a spacious 1966 sqm (approx.) block, the property offers immense potential-whether you choose to restore its original character through extensive renovations or redevelop it into your dream home (STCA).Located just 80 minutes from Melbourne and 17 minutes from Castlemaine, Elphinstone offers a peaceful, country lifestyle with the convenience of nearby amenities, including a local pub, CFA, post office, and primary school. The existing home features a living area, combined kitchen and dining space, a sunroom, two bedrooms, a central bathroom, and a separate laundry. Outside is a double garage, a water tank, established trees, and views of the surrounding countryside.With easy access to the Calder Freeway and a growing local community, this property offers an entry into the market and the potential for long-term investment. Whether you are looking to restore or rebuild, the opportunity to create something special is waiting for you in Elphinstone.
The size of Elphinstone is approximately 84.0 square kilometres. It has 2 parks covering nearly 5.8% of total area. The population of Elphinstone in 2016 was 555 people. By 2021 the population was 633 showing a population growth of 14.0% in the area during that time. The predominant age group in Elphinstone is 60-69 years. Households in Elphinstone are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Elphinstone work in a professional occupation.In 2021, 94.90% of the homes in Elphinstone were owner-occupied compared with 86.90% in 2016.
Elphinstone has 456 properties. Over the last 5 years, Houses in Elphinstone have seen a 36.63% increase in median value, while Units have seen a 259.36% increase. As at 31 December 2025:
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