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12-14 Ray Street

Castlemaine VIC 3450

5
2
3
4477 m²
House
Currently for sale - view listing

Overview

Rare opportunity in the heart of Castlemaine - Planning Permit approved for three lot subdivision

Set on an impressive 4,477 sqm allotment (approx. 1.1 acres) in one of Castlemaine's most sought-after residential pockets, this exceptional property presents a rare combination of lifestyle, space, breathtaking views, and genuine future potential. Commanding spectacular outlooks across Castlemaine and toward Mount Franklin, this substantial family home offers a peaceful private sanctuary while also presenting an exciting development opportunity. With valuable dual street frontages to both Ray Street and Brown Street, and a planning permit already granted for subdivision, the hard work has been done for those looking to capitalise on the property's future potential. Lovingly cared for and thoughtfully improved over many years, the home is surrounded by beautifully established gardens and supported by excellent infrastructure, including a 4.4kW solar system, evaporative cooling, three split-system air conditioners, and solar-boosted hot water. Designed for comfortable family living, the home offers remarkable flexibility with five bedrooms, two bathrooms, three separate living areas, and stunning views from many rooms. The upper level provides an ideal children's retreat, featuring three bedrooms (two with built-in robes) and a central bathroom. Downstairs, the master suite with ensuite and adjoining study creates a private haven, while the spacious room adjacent to the garage offers endless possibilities as a studio, home office, creative space, playroom, or consulting room with convenient access from Brown Street. At the heart of the home, the solid timber kitchen blends warmth and functionality, complete with quality Miele appliances, a 900mm gas cooktop, generous pantry storage, and extensive bench space. The adjoining north-facing living area is bathed in natural light and enjoys a beautiful connection to the private rear courtyard, framed by stone retaining walls and inviting outdoor entertaining spaces. Outside, the property truly comes into its own. Extensive paved entertaining areas, tranquil garden retreats, raised vegetable beds, a greenhouse, and mature trees create a lifestyle of space and self-sufficiency. There is still ample room for future additions such as a swimming pool, tennis court, or further landscaping enhancements. Practicality is equally well catered for with a large motorhome-sized carport, double garage with loft storage, powered workshop with concrete floor, and an additional garden shed. Ideally positioned within easy reach of schools, the train station, and Castlemaine's vibrant town centre, this is a property that offers immediate enjoyment alongside exciting future possibilities. Make no mistake, the vendors are committed to achieving a sale and invite genuine interest from buyers seeking a unique Castlemaine lifestyle property with approved subdivision potential. Properties of this scale, location, and flexibility are exceptionally rare. Don't miss your opportunity to secure one of Castlemaine's most compelling offerings.

Features

5 bedrooms
2 bathrooms
3 carspaces
4477 m² lot size
House

Property history for 12-14 Ray Street

2023
Sold
$1,310,000
Private Sale/Treaty on 16 Nov 2023 by Tricia Crofts, of Jellis Craig Macedon Ranges
2022
Sold
$1,400,000
Private Sale/Treaty on 06 Jun 2022 by Rory Farley, of Cantwell Property Castlemaine

Happy sellers in Castlemaine

94%
94% of sellers in Castlemaine reported that their sale price either exceeded or met their price expectations.

Castlemaine stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Castlemaine over the last 12 months.

Local market activity for 5 bedroom houses in Castlemaine

In the last 12 months, 6 five-bedroom houses similar to 12-14 Ray Street, have been sold.

This represents a 200% decrease in five-bedroom houses sales when compared to the previous 12 months.

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