Discover the opportunity to own a piece of Clunes' history with this CIRCA 1800s residence situated on an expansive 3001sqm block. This character-filled property offers four generously proportioned bedrooms, all featuring original hardwood floors that extend into the front hallway, showcasing the charm of its era. The central lounge, a welcoming heart of the home, is equipped with split-system heating and cooling, a ceiling fan, and a cozy wood fireplace, making it a comfortable retreat in every season. At the rear of the property, you'll find a functional kitchen complete with a built-in pantry, standing gas oven and stove, and easy access to the bathroom and laundry located on the right side of the home. While the interior requires renovations and modernizations, the existing floorplan provides a fantastic foundation to create a truly remarkable home. Outside, the property offers a double carport, ample shedding, and storage areas, perfect for hobbyists, tradespeople, or those needing extra space. The large rear block backs onto Alliance Street, providing secondary access to the property and the rear paddock, which opens up the potential for subdivision (STCA). Located in the historic and vibrant town of Clunes, this property combines the charm of rural living with the convenience of nearby amenities. Whether you're seeking a renovation project, a spacious family home, or an investment with development potential, 74 Bailey Street offers endless possibilities. Make your mark on this historic gem and transform it into your dream home or a lucrative investment. Don't miss this unique opportunity-enquire today!