Castlemaine at a glance
7,306
People
$735,000
Median sale
$488/wk
Median rent
3.45%
Suburb gross yield
Median sale from 96 recorded sales (last 12 months) — a Districts calculation.
VIC › Castlemaine › Lyttleton St
$2,150,000
For sale
Asking
6
Bedrooms
5
Bathrooms
4
Car spaces
11,533.541 m²
Land
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
Asking
$2,150,000
Asking · $186/m² of land
No recorded sale for this property.
Castlemaine at a glance
7,306
People
$735,000
Median sale
$488/wk
Median rent
3.45%
Suburb gross yield
Median sale from 96 recorded sales (last 12 months) — a Districts calculation.
Vs Castlemaine
+192.5%
Median sale
Suburb $735,000
-2.27 pp
Gross yield
Suburb 3.45%
Suburb median $735,000 from 96 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$127,064 on top of the price (5.9% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Pre-filled with Castlemaine's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
Planning
Planning data is being calculated
Data unavailable
Source
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 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 exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning 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.
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
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.
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.
Gross yield if leased at the suburb aggregate is 1.2%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
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.”
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
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
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis 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
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Castlemaine at a glance
7,306
People
$735,000
Median sale
$488/wk
Median rent
3.45%
Suburb gross yield
Median sale from 96 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Cantwell Property CastlemaineThere is a particular kind of light in this part of Castlemaine, soft, filtered through box and ironbark, the kind that seems to slow the day down. At this exceptional property, set on approximately 2.85 acres and locally known as "The Yellow House," light falls over a home designed by architect Michael Rigg, a residence shaped by French Provincial grace and grounded in the landscape of central Victoria.
Set back high on the hill in one of Castlemaine's most prominent streets, the home enjoys a quiet privacy, screened by garden and bushland, yet only 800m (approximately) from the centre of town. A long, sweeping asphalt driveway winds up through the grounds, building a sense of arrival before the house comes into view. It is this elevation, and the views it commands, that gives the property its particular magic, a sense of being entirely apart, while never being far away.
The rendered and bagged exterior walls were chosen to weather and fade the way old buildings do in parts of France. The yellow of the facade echoes the native grasses on the distant hills, while the slate blue-grey of the doors, windows and shutters matches the surrounding wattles. Inside, the walls turn soft white, minimal and almost monastic, a quiet counterpoint to the softness of the sandstone flooring underfoot. Every detail carries the same sensibility: considered, restrained, unmistakably elegant, the kind of beauty that reveals itself slowly.
The interior unfolds around a dining and living space of exceptional scale, where high ceilings and sandstone floors are matched by four sets of French doors, framing the garden from every angle and drawing it inside. Light moves through the rooms across the day, catching stone, timber and the soft white of the walls. The living room, a grand 7.2m x 5.2m, steps down from the dining space and gathers around an open fireplace built in the French tradition, complete with its own little door for the wood pile, a room made for quiet evenings and for gathering the people you love.
The kitchen, fitted with a porcelain double butler's sink, a 900mm gas cooktop, custom-made range hood, Miele dishwasher, marble benchtops and a walk-in pantry, opens through an intimate dining nook to French doors and the east terrace, the kind of corner made for a slow breakfast in the morning sun.
Upstairs, the main bedroom is a retreat in itself, with an adjoining study, a walk-in robe leading to its own ensuite with spa bath, shower, vanity and toilet, and views that stretch over Castlemaine to Mount Alexander. A second bedroom on this level opens to its own Juliet balcony, looking out over the west garden towards Kalimna Park, a lovely place to wake, while a central bathroom on this floor serves with a shower, vanity and toilet. A gallery-style second living space, lit by north light across 4.1m x 7.1m with its own private staircase, leads in turn to a further bedroom or office with sweeping views. Additional bedrooms, each with private access and ensuite, are arranged across the ground floor, five in total, giving the home real flexibility for multi-generational living, or the makings of a boutique short-stay offering for those drawn to the region's food, wine and arts economy.
Set apart from the main residence and backing directly onto Kalimna Park, a separate self-contained guest house adds further scope again, ideal for extended family, visiting guests, or its own income stream. It incorporates two configurable living and sleeping spaces, kitchenettes, an open fire, and private terraces of its own.
The garden unfolds in tiers of dry stone walling, forming quiet terraces in shades of blue, white and grey. Buxus hedging, clipped catmint, lavender, santolina, roses, rosemary and conifers sit alongside olive trees, quinces and oleanders, a Mediterranean planting palette held close to the house before it softens into the surrounding bushland. On the west terrace, a vine-covered metal pergola offers a place to watch the sunset settle over the hills, a glass of wine in hand, the light turning gold, then rose, then fading slowly into evening. On the south, stone steps lead down through individual terraced gardens, each a small, private world of its own. A covered entertaining area with its own bar extends the outdoor living further still, made for long lunches that drift into warm, unhurried nights on the terrace, with a pétanque court close by for lazy afternoons among family and friends.
Beyond the garden, the grounds take on a more rural character, with a dam and sheds adding practical scope to the property's considerable land holding. All of this sits on approximately 2.85 acres, offering not just space to live but space to consider what comes next. The property includes current approval for a three-lot subdivision (PA287/2022), subject to council conditions, presenting development options few landholdings this close to town can offer.
And it is this closeness that sets "The Yellow House" apart. Kalimna Park unfurls at the doorstep, a green threshold of bushland, spring wildflowers and prolific birdlife, kangaroos, wallabies and echidnas among them, while the view carries on to Mount Franklin and beyond. Yet the galleries, studios and long black coffees of central Castlemaine are only minutes away. Few addresses in the Mount Alexander region offer this combination: privacy and position, elevation and elegance, all within a five-minute walk from the heart of town.
Listing description written by Tom Robertson, Cantwell Property Castlemaine — reproduced as published, not verified by Districts.