Positioned in the heart of Castlemaine and set among a row of heritage homes, this character-filled weatherboard cottage delivers easy town living with excellent accommodation flexibility. Cafés, pubs, shops and public transport are all within a short walk, making the location as practical as it is appealing.

The main residence opens via a traditional hallway and comprises a light-filled bedroom with reverse cycle heating and cooling, a contemporary bathroom with a deep soaking bath, and an open-plan living and dining zone stretching across the rear of the home. This space is warmed by a cosy fireplace and further climate controlled by reverse cycle air conditioning. The cottage kitchen is compact yet well designed, featuring stainless steel gas appliances, traditional cabinetry and timber floors that run throughout.

To the rear, a separate, fully self-contained studio provides outstanding versatility. Originally designed as an audio recording studio, it offers excellent insulation, soundproofing and double glazing, along with reverse cycle air conditioning and a loft-style mezzanine sleeping area. Ideal for guests, short-stay accommodation, a home office or creative workspace, it allows for genuine separation from the main house.

Both the cottage and studio enjoy their own brick-paved outdoor terraces, surrounded by established, low-maintenance gardens. A separate garden laundry with second shower and toilet adds further functionality and enhances the property's flexibility.

Currently operating successfully as an Airbnb at approximately $250 per night, the dual-living layout presents a strong opportunity for investors, while owner-occupiers will appreciate the manageable size, character and unbeatable town-centre location.

Well suited to downsizers, first-home buyers or those seeking a stylish and low-maintenance base in Castlemaine, this is a tightly held address offering lifestyle, income potential and enduring appeal.