1/16 Greenhill Avenue Castlemaine VIC 3450

Brick townhouse | 72 sqm internal | 234 sqm lot | Recently renovated | No overlays | Prime central position This property presents a competitively strong, low-maintenance entry into a tightly held Castlemaine pocket. Its recent full renovation and absence of land overlays provide immediate move-in appeal and reduced holding complexity, squarely targeting first home buyers or downsizers seeking convenience. The single-level layout and private courtyard align with demand for secure, easy-living properties in central locations. The primary risk is the compressed land component relative to freestanding houses, which may moderate long-term capital growth compared to larger lots. However, the renovation premium is justified by eliminating immediate upgrade costs. Acquire as a long-term hold for rental yield or a low-maintenance primary residence. Propcred can validate the renovation quality, confirm the lack of overlay impacts, and provide a precise valuation against recent complex sales. Recent comparable sale within the same complex provides a direct benchmark: – Unit 7/16 Greenhill Ave: Sold January 2026 for $485,000. This sale confirms strong demand for updated units in this complex, supporting the current asking price for the subject property, which benefits from a more recent renovation.