46 Homestead Road, Eltham VIC 3095
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A rare Yarra Riverfront opportunity
Some properties are special. Others are truly once-in-a-lifetime. High and proud above approximately 4,972 square metres of sensational land with direct access to the Yarra River, this remarkable original family home presents an extraordinary opportunity to create something truly your own.
Beyond the towering front hedge, lush gardens create an immediate sense of privacy and tranquillity, while inside, the spacious home unfolds through a wonderfully versatile combination of formal, casual and family living zones.
At the heart of the home, the generous kitchen and family area connect seamlessly with the central living zone, together opening onto a magnificent timber deck spanning the width of the home. Here, the outlook is simply breathtaking, stretching across the surrounding parklands and down towards the Yarra River — a spectacular backdrop for entertaining, relaxing and watching family life unfold.
The formal lounge adds another inviting dimension, complete with a fireplace and beautiful views across the front gardens. A central study offers flexibility as a home office, quiet retreat or fourth bedroom, while beyond it, a substantial entertaining, rumpus or pool room provides an abundance of space for family enjoyment and gatherings, again capturing those wonderful garden views.
Accommodation is equally versatile. The master bedroom enjoys a full ensuite with spa bath, while a second bedroom sits conveniently within the central part of the home. A third bedroom, reached via a short flight of stairs, creates its own private sanctuary. Across the home, the bedrooms, central living and family spaces all embrace the magnificent outlook towards the Yarra.
And then there is the land — the real star of this extraordinary offering. Directly adjoining the Diamond Creek Trail and enjoying access to the Yarra River, the property places an incredible natural playground at your doorstep. Lenister Farm Wetlands, Fitsimmons Reserve and the Main Yarra Trail are all nearby, while the home looks across to Eltham Lower Park, where football, cricket and family recreation bring the surrounding landscape to life.
For families who dream of space, nature, privacy and the freedom to create their ultimate home, this is an opportunity of exceptional rarity. Whether your vision is to lovingly restore the existing residence or explore the possibilities of creating an entirely new dream home (STCA), the potential is extraordinary.
A magnificent piece of Yarra River country, a treasured family setting and an opportunity that may never come again.
Beyond the towering front hedge, lush gardens create an immediate sense of privacy and tranquillity, while inside, the spacious home unfolds through a wonderfully versatile combination of formal, casual and family living zones.
At the heart of the home, the generous kitchen and family area connect seamlessly with the central living zone, together opening onto a magnificent timber deck spanning the width of the home. Here, the outlook is simply breathtaking, stretching across the surrounding parklands and down towards the Yarra River — a spectacular backdrop for entertaining, relaxing and watching family life unfold.
The formal lounge adds another inviting dimension, complete with a fireplace and beautiful views across the front gardens. A central study offers flexibility as a home office, quiet retreat or fourth bedroom, while beyond it, a substantial entertaining, rumpus or pool room provides an abundance of space for family enjoyment and gatherings, again capturing those wonderful garden views.
Accommodation is equally versatile. The master bedroom enjoys a full ensuite with spa bath, while a second bedroom sits conveniently within the central part of the home. A third bedroom, reached via a short flight of stairs, creates its own private sanctuary. Across the home, the bedrooms, central living and family spaces all embrace the magnificent outlook towards the Yarra.
And then there is the land — the real star of this extraordinary offering. Directly adjoining the Diamond Creek Trail and enjoying access to the Yarra River, the property places an incredible natural playground at your doorstep. Lenister Farm Wetlands, Fitsimmons Reserve and the Main Yarra Trail are all nearby, while the home looks across to Eltham Lower Park, where football, cricket and family recreation bring the surrounding landscape to life.
For families who dream of space, nature, privacy and the freedom to create their ultimate home, this is an opportunity of exceptional rarity. Whether your vision is to lovingly restore the existing residence or explore the possibilities of creating an entirely new dream home (STCA), the potential is extraordinary.
A magnificent piece of Yarra River country, a treasured family setting and an opportunity that may never come again.
Contact Agent
Price Guide
Auction $2,000,000 - $2,200,000
Auction Date
Sat 3rd October, 10:30am
Inspection Times
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Saturday, 12th September 2026
9:00AM - 9:45AM -
Thursday, 17th September 2026
2:30PM - 3:00PM -
Saturday, 19th September 2026
9:15AM - 9:45AM
