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23 Merrigang Street, Bowral NSW 2576

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$2.5M - $2.75M Medium Confidence Calculated based on our search observations.

House 6 Beds 5 Baths 6 Cars 1694 m²

Listed: 15th Jan 2026

Updated: 12th Aug 2026

Overview

Offered for the first time in 37 years, this historically significant Victorian Regency homestead, dating back to circa 1877, is situated on a substantial and level corner allotment of approximately 1694 square meters. The property presents a unique development opportunity in the heart of Bowral, ready to embark on its next chapter.

The existing structure currently comprises five separate residential flats, providing versatile accommodation options. Importantly, there is Development Approval in place, supported by plans from a respected local architect, for the restoration of the original homestead. These plans also include the addition of two detached luxury apartments at the rear, each approximately 190 square meters internally, featuring basement parking and lift access, enhancing the property's value and appeal.

Alternatively, for those seeking a grand single residence, concept drawings are available for the transformation of the property into a magnificent four-bedroom home. This design includes a separate studio and garaging, offering a spacious and elegant living environment while preserving the property's historic charm.

The property enjoys a superb northerly aspect, providing excellent natural light throughout the day. It is well screened from the street by established trees, ensuring privacy and a tranquil setting. The location offers exceptional convenience, with a bus stop directly at the doorstep and the renowned Corbett Gardens, home to the celebrated Tulip Time Flower Festival, located directly opposite.

Residents can enjoy easy access to Bowral's vibrant shops and eateries, situated just 300 meters away, and benefit from train transport links to Sydney and beyond, only 400 meters from the property. This combination of historic character, development potential, and prime location makes this an outstanding opportunity for discerning buyers.

Circa 1877 Victorian Regency homestead on a 1694.6 sqm corner allotment
Currently divided into five separate flats with parking
Development Approval for restoration of the original dwelling and addition of two detached luxury apartments with basement parking and lift
Concept drawings available for a grand, single-level four-bedroom residence with separate studio and garaging
Well-proportioned level parcel with a northerly aspect and established trees
Exceptional convenience with level access to bus, park, shops, cafes, and train

Local Market Insights

In Bowral, Quiet Listings observed 27 new houses entering the market over the last 30 days, up from 26 during the previous 30-day period, with an average advertised asking price of $2,775,599. The property type mix of listed properties is predominantly Houses at 63%, followed by villas (22%), and units (4%). The most active agency for houses in the Bowral area is currently Belle Property, representing 26% of new listings, followed by Sotheby's International Realty with 15%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.