114 Devonshire Lane, Mount Macedon, VIC 3441 | House for sale | OnTheHouse
 
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114 Devonshire Lane
Mount Macedon VIC 3441

Bedrooms: 3
Bathrooms: 2
Car spaces: -
Land area: 1.45ha
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Penbryn – A Private Mount Macedon Sanctuary

There are properties that offer seclusion, and then there is Penbryn. Tucked away at the very summit of sought-after Devonshire Lane, this extraordinary residence sits within one of Mount Macedon’s last remaining temperate rainforests, surrounded by towering Sequoia, ancient Douglas firs, and gardens steeped in history and seasonal beauty.
Set on nearly seven acres, Penbryn is a retreat of rare tranquillity and botanical richness. Its elevated position reveals long views toward the You Yangs, yet the true magic lies in the seclusion: winding stone paths, moss-covered garden walls, and a canopy alive with birdsong and filtered light. The land itself is rich, layered, and filled with potential, for peaceful living, bold restoration, or artistic reinvention.
The residence, crafted in the 1940s, draws from deep local roots. Timber panelling and leadlight windows salvaged from the original 19th-century homestead imbue the interiors with character and warmth. The layout flows around a sheltered central courtyard, with open fireplaces, wood-lined living spaces, and garden views at every turn.
Highlights include: three bedrooms, including a master retreat with private ensuite and walk-in robe; a beautiful country kitchen with recently installed Miele appliances, a generous island bench, and direct garden access; second modern bathroom with heated flooring; mudroom/laundry with heated flooring; hydronic heating throughout, plus double open fireplaces for mountain warmth.
Separate from the main home is a large barn structure with electricity and a wood-fired stove, perfect as a studio, workshop, or potential conversion into guest accommodation.
Nature is the lead actor here. Spring brings waves of daffodils, bluebells, and rhododendrons. In summer, the air remains cool beneath the trees. Autumn delivers a spectacular display of maple reds and golden yellows and in Winter, a soft dusting of snow occasionally settles, transforming the property into a woodland postcard. Exploring is a pleasure with a network of walking trails meandering through the gardens and bordering bushland.
Despite its forested solitude, Penbryn is less than an hour from Melbourne’s CBD and international airport. Schools, cafes, and local schools like Braemar College are all within easy reach, served by local coach routes.
Penbryn is a living landscape, one that invites restoration, imagination, and a return to a slower, more grounded way of life.
Disclaimer: Before you buy a home or vacant residential land, you should be aware of a range of issues that may affect that property and impose restrictions or obligations on you, if you buy it. Please refer to the due diligence checklist provided by Consumer Affairs Victoria at the website address detailed below. This checklist aims to help you identify whether any of these issues will affect you. The questions are a starting point only and you may need to seek professional advice to answer some of them.
www.consumer.vic.gov.au/housing/buying-and-selling-property/checklists/due-diligence
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Property Details for 114 Devonshire Lane, Mount Macedon

114 Devonshire Lane, Mount Macedon is a 3 bedroom, 2 bathroom House. The property has a land size of 1.45ha. The place is currently for sale with Mount Macedon Realty.

Building Type
House
Land Size
1.45ha
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About Mount Macedon 3441

The size of Mount Macedon is approximately 34.6 square kilometres. It has 4 parks covering nearly 48.4% of total area. The population of Mount Macedon in 2016 was 1335 people. By 2021 the population was 1450 showing a population growth of 8.6% in the area during that time. The predominant age group in Mount Macedon is 50-59 years. Households in Mount Macedon are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Mount Macedon work in a professional occupation.In 2021, 88.90% of the homes in Mount Macedon were owner-occupied compared with 87.50% in 2016.

Mount Macedon has 756 properties. Over the last 5 years, Houses in Mount Macedon have seen a -9.63% decrease in median value, while Units have seen a 23.72% increase. As at 30 November 2025:

  • The median value for Houses in Mount Macedon is $1,082,018 while the median value for Units is $733,361.
  • Houses have a median rent of $1,200.
There are currently 27 properties listed for sale, and no properties listed for rent in Mount macedon on OnTheHouse. According to Cotality's data, 22 properties were sold in the past 12 months in Mount macedon.

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Lisa Fowler
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