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1 Wallace Street, Castlemaine, Vic 3450 For Sale
1 Wallace Street, Castlemaine, Vic 3450 1 Wallace Street, Castlemaine, Vic 3450-Image 1 Wallace Street, Castlemaine, Vic 3450-Image 1 Wallace Street, Castlemaine, Vic 3450-Image 1 Wallace Street, Castlemaine, Vic 3450-Image 1 Wallace Street, Castlemaine, Vic 3450-Image 1 Wallace Street, Castlemaine, Vic 3450-Image 1 Wallace Street, Castlemaine, Vic 3450-Image 1 Wallace Street, Castlemaine, Vic 3450-Image 1 Wallace Street, Castlemaine, Vic 3450-Image 1 Wallace Street, Castlemaine, Vic 3450-Image 1 Wallace Street, Castlemaine, Vic 3450-Image

1 Wallace Street, Castlemaine, Vic 3450

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Residential Land
Type
3,621 m²
Area

Published on Tuesday, March 17, 2026 ( See property details for 1 Wallace Street, Castlemaine, Vic 3450)

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  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare development opportunity in Castlemaine featuring approved subdivision plans on a spacious 3,621m² block close to community amenities and regional attractions.

🏡 Property Highlights

  • Approved for a 6-lot subdivision, offering a clear development pathway.
  • Prime 3,621m² landholding in a sought-after Castlemaine location.
  • Close proximity to Wesley Hill Market with artisan produce and community events.
  • Short drive to Castlemaine's vibrant township, cafes, retail, and amenities.
  • Flexible lot sizes ranging from 338m² to 739m² for versatile home designs.
  • Excellent access to regional attractions, schools, medical facilities, and transport.

✨ Key Features

  • Waterfront / Views
  • Open-Plan Living
  • Built-in Robes
  • Outdoor Area
  • Pet-Friendly
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Extra Storage (Shed/Linen)
  • Walkability Score

Castlemaine is a vibrant regional hub renowned for its rich history, thriving arts scene, and strong community spirit. The area offers excellent amenities including markets, cafes, boutique shopping, and educational facilities. Its strategic location provides easy access to regional attractions, making it ideal for lifestyle-focused living and investment. The neighbourhood combines historic charm with modern development potential, attracting a diverse range of residents and investors.

What is the current zoning and development status of the land?
The land is zoned for residential use and has approved plans for a 6-lot subdivision under PA118/2022, providing a clear development pathway.
Are there any restrictions or covenants associated with the subdivision?
Details regarding restrictions or covenants can be obtained from the local council or the planning authority; the current approval indicates compliance with relevant planning regulations.
What utilities and services are available on the site?
The property is connected to essential utilities including water, electricity, and NBN high-speed internet, facilitating development and future occupancy.
Is there potential for further development or additional subdivision?
The current approval is for a 6-lot subdivision; any further development would require additional planning approval and assessment.
What are the nearby amenities and community facilities?
The property is within walking distance to Wesley Hill Market, with easy access to cafes, retail, schools, medical facilities, and public transport including the train to Melbourne.
Are there any existing easements, covenants, or planning restrictions that could affect future development? Has a recent land survey been conducted to confirm boundaries and lot sizes? Are there any known issues with soil stability, drainage, or flood risk on the site? What are the costs associated with connection to utilities and infrastructure upgrades? Are there any upcoming planning or zoning changes in the area that could impact the property’s value or development potential? Is there any history of environmental contamination or site contamination assessments? Are there any restrictions on building height, design, or land use imposed by local council? What are the current council rates and any additional levies or fees applicable? Is there any ongoing or planned construction nearby that could affect the property’s privacy or value? Are there any easements or rights of way registered on the title that could impact development plans?

1 Wallace Street, Castlemaine, Vic 3450 - More Details

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Holding a superb 3,621m² landholding with current approval for a 6-lot subdivision (PA118/2022), this property offers a significant development opportunity in one of Castlemaine's consistently sought-after pockets. With the first step already complete, you can step directly into the next phase-ideal for builders, developers or long-term investors seeking a project with clarity and upside.

Set just a short stroll from the bustling Wesley Hill Market, the site enjoys the convenience of artisan produce, weekend food stalls, and a strong sense of community right on the doorstep. Castlemaine's thriving township is only minutes away, placing renowned cafés, boutique retail, the Mill complex, schools, medical facilities and the train to Melbourne all within easy reach.

The lot proportions range from 338m2 to 739m2 and provide scope for well-designed homes with space, light and privacy, delivering broad buyer appeal once complete. Opportunities of this scale and readiness are rare in Castlemaine, particularly in a location that blends lifestyle, amenity and excellent access to the region's attractions.

An exceptional chance to deliver a quality development in a well-established and thriving Castlemaine community.
Type
Residential Land
Area
3,621 m²

Price guide

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