204 Mill Street, Lake Wendouree, Vic 3350

$3,900,000 - $4,290,000

House
Type
5
Bedrooms
3
Bathrooms
2
Parkings

Published on Monday, March 16, 2026 ( See property details for 204 Mill Street, Lake Wendouree, Vic 3350)

$3,900,000 - $4,290,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A beautifully restored, architecturally significant High Victorian family residence on a rare, expansive landholding near Lake Wendouree, blending historic charm with modern luxury.

🏡 Property Highlights

  • Architecturally significant High Victorian family residence designed by renowned architects Leonard Terry and Percy Oakden
  • Restored over twelve years to preserve historic features while incorporating modern luxury
  • Expansive landholding with lush established gardens and potential for pool installation
  • Prime location just steps from Lake Wendouree with proximity to hospitals, CBD, and elite schools
  • Exceptional period features including soaring 4.6 metre ceilings, ornate ceiling roses, and original hardware
  • Self-contained guest wing offering multigenerational living options

✨ Key Features

  • Open-Plan Living
  • Outdoor Area
  • Built-in Robes
  • Home Office / Study
  • Waterfront / Views
  • Garage / Secure Parking
  • Outdoor Area / Balcony
  • Security Screens / Gates
  • Fly Screens
  • Extra Storage (Shed/Linen)
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204 Mill Street
Lake Wendouree, VIC 3350
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Vertical aerial view — 204 Mill Street
204 Mill Street — Vertical Aerial  •  Lake Wendouree, VIC 3350  •  Nearmap © 2026

Lake Wendouree offers a prestigious and tranquil lifestyle with lush parklands, vibrant local amenities, and excellent schools. The area boasts a rich history, scenic lakeside views, and a strong community atmosphere. Its proximity to Ballarat’s CBD ensures convenient access to shopping, dining, and cultural attractions. The neighbourhood is highly sought after for its blend of heritage charm and modern living. With extensive green spaces and a peaceful environment, Lake Wendouree is ideal for families and professionals alike.

What are the key historic features of this property?
The property showcases elaborate period features including soaring 4.6 metre ceilings, ornate ceiling roses, original 1877 brass hardware, etched glass, marble and timber fireplaces, and a restored 1883 French crystal chandelier.
Does the home have modern amenities integrated with its historic design?
Yes, the residence features contemporary comforts such as hydronic heating, double glazed windows, natural stone flooring in wet areas, and Perrin & Rowe tapware in antique nickel.
Is there potential for outdoor improvements like a pool?
Yes, the expansive landholding and established gardens provide ample space for enhancement, including the possibility of installing a pool.
What is the layout and flexibility of the living spaces?
The home offers five bedrooms, three bathrooms, multiple living zones, a formal sitting room, an entertainer's dining room, and a self-contained guest wing suitable for multigenerational living.
What are the security features of the property?
The property includes security screens and gates, ensuring a secure and private environment.
Are there any upcoming planning or development applications in the area that could affect the property’s value or character? What are the zoning restrictions and easements associated with the landholding? Are there any known issues with the property's foundation, plumbing, or electrical systems due to its age? Has the property been inspected for flood or bushfire risks, given its proximity to natural landscapes? Are there any strata or body corporate fees or restrictions if applicable? What are the ongoing maintenance costs associated with the historic features and gardens? Is there any history of structural movement or damage, especially considering the property's age? Are there any restrictions or requirements for future renovations or extensions? What are the details regarding the existing artist's studio and garaging structures? Are there any noise or neighbour-related concerns in this tightly held neighbourhood?

204 Mill Street, Lake Wendouree, Vic 3350 - More Details

$3,900,000 - $4,290,000

An Architectural Treasure of National Significance

Set upon a rare and expansive landholding of verdant grounds, just steps from the tranquil shores of Lake Wendouree, 'Gannerew' circa 1883 represents one of the most historically significant High Victorian family residences in regional Australia.

Provenance Beyond Compare

Designed by the esteemed architectural partnership of Leonard Terry and Percy Oakden the visionaries behind The Melbourne Club, Myer Bourke Street, and St Paul's Cathedral,'Gannerew' is one of only three residential commissions undertaken by this legendary firm. With most of Terry & Oakden's original architectural drawings lost to fire, the surviving plans for 'Gannerew', which were exhibited at the Ballarat Art Gallery, represent an irreplaceable piece of Australian architectural history.

Commissioned in 1883 by prominent grain trader and merchant Charles Vaughan Esq., no expense was spared in creating this substantial family villa.

A Restoration Without Compromise

Following a meticulous twelve-year restoration 'Gannerew' has been returned to its former grandeur whilst thoughtfully integrating the luxuries required for contemporary family living.

Architectural Distinction

The residence showcases elaborate period features throughout: rare celery top floorboards, 400mm moulded skirting boards, ornate ceiling roses, deep cornicing, original 1877 brass hardware, etched glass, hipped verandahs, and soaring 4.6 metre ceilings. A mix of marble and timber feature fireplaces anchor the principal rooms, including the gracious formal sitting room crowned by a restored 1883 French crystal chandelier.

Sophisticated Living Spaces

Five bedrooms, three bathrooms, and multiple living zones provide exceptional flexibility. The vast family living room opens to both south and western verandahs. A purpose built entertainer's dining room with Cheminée Philippe features French doors to lush gardens. The guest wing offers completely self contained accommodation potential, ideal for multigenerational living.

At the heart of the home, the designer kitchen presents five Smeg ovens, professional Qasair exhaust, two Shaws of Darwen fireclay sinks, and a 2.6 metre marble island, complemented by a butler's pantry with cellar access for the discerning collector.

Modern Comforts

Ambient hydronic heating split over two circuits, double glazed windows throughout, natural stone flooring in all wet areas, and Perrin & Rowe tapware in antique nickel speak to the thoughtful integration of contemporary luxury.

Rare Opportunity

The prestigious corner allotment provides secure car access, detached box room and coach house (currently artist's studio and garaging), established gardens with century old plantings, and ample space for enhancement including pool installation.

This is only the fourth time in 141 years that 'Gannerew' will change hands a once in a lifetime opportunity in this tightly held pocket close to the hospitals, CBD, and Ballarat's most elite schools.

For private inspection or further information, please contact Allister Morrison on 0438 508 855.
Type
House
Bedrooms
5
Bathrooms
3
Parkings
2

Price guide

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