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VIC › Castlemaine › Bull St

39 Bull St, Castlemaine VIC 3450

House

$1,685,000

Last sold

18 Mar 2026

4

Bedrooms

3

Bathrooms

2

Car spaces

1,018 m²

Land

238 m²

Building

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $1,685,000 (18 Mar 2026).(Recorded sale)
  • CalculationLand 1,018 m² against a 238 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationRecorded House sales in Castlemaine (last 5 years) with land size: median $983/m² of land (n=149). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

  • InterpretationA large lot with a small dwelling means the value case rests on the land and what the zone allows on it, not the house.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

What this lot has actually traded at

Last sold

$1,685,000

18 Mar 2026 · derived via latest_sale

Local land rate: recorded House sales in Castlemaine (last 5 years) with land size have a median of $983/m² of land (n=149). Districts calculation from recorded sales — not a valuation.

Castlemaine at a glance

7,306

People

$735,000

Median sale

$488/wk

Median rent

3.45%

Suburb gross yield

Median sale from 95 recorded sales (last 12 months) — a Districts calculation.

See the full Castlemaine report →

Vs Castlemaine

+129.3%

Median sale

Suburb $735,000

-1.94 pp

Gross yield

Suburb 3.45%

Suburb median $735,000 from 95 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Sold$1,685,00018 Mar 2026
  2. Listedprice unknowncompleted16 Feb 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $488/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Castlemaine in one glance

Castlemaine at a glance

7,306

People

$735,000

Median sale

$488/wk

Median rent

3.45%

Suburb gross yield

Median sale from 95 recorded sales (last 12 months) — a Districts calculation.

See the full Castlemaine report →

Keep researching

  • Why Castlemaine? Read the area thesis →
  • What else is on the market in Castlemaine →
  • Other records on Bull St →

Listing material

Listed by Cantwell Property Castlemaine

A Landmark Residence of Grandeur and Distinction

"Leithen" c1895 is a grand and enduring Castlemaine residence of architectural presence, elevated from the street behind a beautifully composed ornamental front garden. A striking upright cypress establishes a strong vertical axis, reinforcing the home's symmetry and creating a memorable sense of arrival. Built in solid brick by renowned local contractor H.D. McBean, the residence sits within one of Castlemaine's most admired heritage streetscapes and immediately asserts its stature through a commanding and confident façade. A Welsh slate roof, traditional tuck‑pointing, double gables and the highly unusual externally set chimney, a distinctive and rarely seen detail of the period, combine to create a façade of exceptional character and authority.

Broad steps rise to a wide front verandah finished with tessellated tiles and supported by decorative double columns with fine timber fretwork. The paired window arrangement echoes the rhythm of the columns, further enhancing the home's symmetry and stately presence. A beautifully detailed front door, framed by exquisite stained‑glass panels depicting hand‑painted birds and insects, provides an unforgettable introduction and sets the tone for the residence beyond.

Inside, a wide central hall unfolds beneath high ceilings and an elegant decorative archway, with period pine timber floors and soft carpet underfoot. Double‑hung windows, ornate plasterwork and generous proportions reflect the craftsmanship and confidence of the era. At the front of the home, a distinguished library or principal bedroom is crowned by a dramatic 4.2‑metre decorative coved ceiling and features a marble fireplace surround and a broad arched window, creating an ideal space for quiet retreat or refined entertaining. A second front‑facing bedroom enjoys a bay of double‑hung windows capturing elevated views across historic Castlemaine, complemented by high ceilings and detailed plasterwork. A further bedroom continues the home's consistent sense of heritage charm, complete with an open fireplace and built‑in robes. Centrally located, the updated bathroom is generous and well appointed, incorporating a bath, shower, vanity and toilet, seamlessly integrated within the original footprint.

Read the full description

Formal dining continues beneath high ceilings and is anchored by another open fireplace with an ornate period surround and mantle, flowing naturally through to the rear kitchen. Overlooking the north‑facing terrace and vine‑covered pergola, this recently updated, high‑specification kitchen is designed for both functionality and connection to the outdoors. It is equipped with a Neff wall oven, steam oven, warming drawer and induction cooktop, a two‑drawer dishwasher, and a walk‑in pantry with direct access to the wine cellar. Adjoining the kitchen is the home's most breathtaking living space, defined by an extraordinary ornate ceiling rising to nearly four metres. A large stained‑glass bay window floods the room with natural light and incorporates a built‑in bench seat framed by intricate timber fretwork, creating a space that is both visually striking and deeply inviting. A gas log fire set within a period‑style surround provides warmth and ambience, establishing this room as the true heart of the home.

To the rear, a highly versatile zone offers exceptional flexibility as a main suite, second living area, studio or private guest accommodation. With its own independent access, this north‑facing space is ideal for multi‑generational living, home‑based work or extended guest stays. Double‑glazed windows and doors open directly to the garden and terrace, while a generous walk‑in robe or storage area and a substantial bathroom, with a bath, shower, double‑basin vanity and toilet, complete the accommodation. A split system ensures year‑round comfort. Modern comforts and sustainability have been thoughtfully integrated throughout, including gas wall heaters, multiple split systems, an integrated solar system with battery, water tank, partial double glazing to north‑facing windows and an irrigated garden.

The garden unfolds as a private and established sanctuary, designed for both beauty and function. A vine‑covered pergola extends from the north‑facing terrace, creating a shaded outdoor room ideal for long lunches, entertaining or quiet retreat, with dappled light and seasonal interest throughout the year. Brick‑edged garden beds define pathways and planting zones, while established trees and shrubs provide structure, scale and a sense of permanence. A raised platform with power was designed for musicians and small garden concerts, adding a unique cultural dimension to the landscape. The garden leads to a substantial brick two‑car garage (approx 7.3m x 7.3m), discreetly positioned and easily accessed, offering excellent storage, workshop potential and secure off‑street parking. Ideally located, the property is within easy walking distance of Castlemaine's town centre, the Mill District, botanical gardens, train station, golf course and Kalimna Park.

Rich in history, scale and architectural elegance, "Leithen" presents an exceptional opportunity to secure a landmark heritage residence where refinement, functionality and provenance converge in one of Castlemaine's most coveted residential settings.

Listing description written by Tom Robertson, Cantwell Property Castlemaine — reproduced as published, not verified by Districts.

Property features

  • Alarm System
  • Built-in Robes
  • Courtyard
  • Dishwasher
  • Floorboards
  • Gas Heating
  • Living Areas: 2
  • Outdoor Entertaining
  • Solar Panels
  • Toilets: 3
  • Water Tank
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.