1 Wallace Street

Approved 6 lot subdivision opportunity in a prime Wesley Hill pocket

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.