This is the last major development site in Chewton township, an exciting and remarkable offering that combines scale, zoning flexibility, and location. Set on approximately 43.1 acres across 18 titles, including 17 township-zoned lots and one farming zone, this property presents an unparalleled opportunity for developers, visionaries, and those seeking a grand restoration.
Positioned on the north side of Forest Creek with sweeping views toward Expedition Pass, the site offers multiple pathways for future use (STCA). Whether you are planning a staged subdivision, a master-planned community, or a prestige estate restoration, Shields Street is a canvas for bold ideas (STCA).
At the heart of the property stands a solid brick Georgian residence, circa 1864, with original features including high ceilings, double-hung windows, tuck-pointed brickwork, flagstone floors, and slate steps. these features are complemented by an integrated solar system. Surrounding the home are majestic oaks and open grazing land, creating a picturesque setting for a luxury homestead or boutique accommodation concept.
Development Potential
> 18 Titles: 17 township-zoned lots for residential development, plus a 19-acre farming zone parcel.
> Scale & Flexibility: Ideal for staged releases, infrastructure installation, or bespoke lifestyle lots.
> Location Advantage: Just 8 minutes from Castlemaine, with easy access to Melbourne and Bendigo.
> Demand: Chewton's growth and proximity to Castlemaine make this a strategic investment.
Options for the New Owner
> Renovate the Georgian home and enjoy the full 41 acres.
> Undertake a staged development, selling township lots over time.
Develop the entire site with roads and services, then release individual titles.
> Create a unique blend of heritage and modern living with a boutique residential project.
This is more than land, it is a one-of-a-kind development opportunity in one of Central Victoria's most historic and desirable townships. With zoning, scale, and location on your side, Shields Street is ready for its next chapter.
