46 Homestead Road, Eltham, Vic 3095

Auction $2,000,000 - $2,200,000

House
Type
4
Bedrooms
2
Bathrooms
2
Parkings
4,972 mΒ²
Area

Published on Wednesday, September 09, 2026 ( See property details for 46 Homestead Road, Eltham, Vic 3095)

Auction $2,000,000 - $2,200,000

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

A rare opportunity to acquire a versatile family home on nearly 5,000 sqm of private Yarra River frontage, offering breathtaking views and exceptional potential for restoration or redevelopment.

🏑 Property Highlights

  • Spectacular 4,972 m² land with direct Yarra River access
  • Versatile family home with formal, casual, and family living zones
  • Breathtaking timber deck overlooking parklands and Yarra River
  • Spacious master bedroom with full ensuite and spa bath
  • Abundant outdoor space with lush gardens and privacy
  • Potential to restore or build a new dream home (STCA)

✨ Key Features

  • Open-Plan Living
  • Waterfront / Views
  • Outdoor Area
  • Built-in Robes
  • Ensuite
  • Fireplace
  • Garden / courtyard
  • Home Office / Study
  • Balcony
  • Pet-Friendly
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46 Homestead Road
Eltham, VIC 3095
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Vertical aerial view β€” 46 Homestead Road
46 Homestead Road — Vertical Aerial  •  Eltham, VIC 3095  •  Nearmap © 2026

Eltham is a highly sought-after suburb renowned for its lush parklands, outdoor recreational spaces, and tranquil riverfront setting. It offers a family-friendly environment with excellent access to nature reserves, walking trails, and community amenities. The area combines rural charm with convenient proximity to Melbourne, making it ideal for those seeking a peaceful yet connected lifestyle. Local schools, cafes, and sporting facilities further enhance its appeal, creating a vibrant community atmosphere.

What are the potential uses for the land, and can I build a new home?
The property offers significant potential to restore the existing residence or explore the possibilities of constructing a new home, subject to council approval (STCA).
Is the property suitable for outdoor entertaining and family activities?
Yes, the expansive timber deck and lush gardens provide an ideal setting for outdoor entertaining, relaxing, and family gatherings.
What are the views and outlook from the property?
The property offers breathtaking views across parklands and down towards the Yarra River, creating a tranquil and scenic environment.
Are there nearby parks and recreational areas?
Yes, the property is adjacent to Diamond Creek Trail, Eltham Lower Park, and other reserves, providing excellent outdoor recreation options.
What features does the home include for comfort and convenience?
The home features a fireplace, spacious living zones, a home office/study, and a master ensuite with a spa bath for added comfort.
Are there any restrictions or easements on the land that could affect development or use? What are the council rates and any additional land management costs? Has the property been tested for flood or bushfire risks given its riverfront location? Are there any planning or zoning restrictions that could impact building or renovation plans? Is there any history of land subsidence or soil stability issues on the property? Are there any ongoing or upcoming developments in the surrounding area that could affect privacy or views? What are the details regarding access rights to the Yarra River and adjoining land? Are there any existing warranties or issues with the current home’s structure or systems? Is the property compliant with all local building codes and regulations? What are the costs associated with maintaining the extensive gardens and outdoor areas?

46 Homestead Road, Eltham, Vic 3095 - More Details

Auction $2,000,000 - $2,200,000

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 β€” 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 β€” 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.
Type
House
Bedrooms
4
Bathrooms
2
Parkings
2
Area
4,972 mΒ²

Inspections times

  • Inspection Sat 12 Sep 9:00 am

    Saturday 12 September
    9:00 am - 9:45 am

Auctions

  • 46 Homestead Road, Eltham, Vic 3095

    Saturday 3 October
    10:30 am

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