17 Barkly St, Glenlyon is a 3 bedroom, 4 bathroom House with 1 parking spaces and was built in 1900. The property has a land size of 4857m2 and floor size of 198m2. While the property is not currently for sale or for rent, it was last sold in July 2019.
A rare lifestyle and income opportunity in the heart of Glenlyon, this historic 1861 schoolhouse property comprises three separate dwellings on approximately 4857sqm, offering proven income potential for short-stay rentals, boutique B&B operations or creative studios. With its unique combination of history, space and versatility this property is one of a kind in this tightly held village.
Main Schoolhouse Residence
Originally built as Glenlyon's primary school, the main residence has been beautifully restored while retaining its historic charm, including five-metre high ceilings and spacious open-plan living. The kitchen features a 900mm gas cooktop, electric oven, dishwasher, built-in bar fridge and a generous butler's pantry with extra sink and utility space. The dining and living zones provide comfortable, inviting spaces for every day living and entertaining. A hidden reading/work nook behind a bookshelf adds character and practicality. The main bedroom accommodates a king-sized bed and sitting area, with a walk-in robe and private ensuite. A second multi-purpose room offers flexibility as guest or family/friends accommodation, study or reading room, complemented by a central bathroom with shower-over-bath.
Two Self-Contained Garden Studios
Two detached garden studios sit privately within the grounds, each with a verandah, kitchenette, bathroom, and independent access. These versatile dwellings offer immediate income potential through short-stay rentals, boutique B&B operations or artist retreats while also serving as multi-generational living or home offices. Having previously operated as a caf and successful B&B, this property's three-dwelling configuration is exceptionally rare, making it a standout lifestyle and investment opportunity.
Outdoor Living & Lifestyle
Step outside to a generous north-facing covered deck creating an inviting space for year-round entertaining. The grounds feature expansive open lawns, mature trees and relaxed outdoor zones including a fire pit area and alfresco dining beneath a magnificent elm tree.
Village & Regional Location
Set along Glenlyon's iconic Avenue of Federation, the property enjoys a peaceful, picturesque village setting. Walk to the Glenlyon General Store 10 minutes to Daylesford's dining and wellness precinct 15 minutes to Kyneton shopping & restaurant scene 15 minutes to V/Line train for Melbourne access This is a rare opportunity to secure a Glenlyon landmark with three dwellings, offering a unique blend of historic character, lifestyle and proven income potential in one of the region's most sought-after villages.
All information has been obtained from reliable sources; however, prospective purchasers are advised to undertake their own investigation and due diligence.
The size of Glenlyon is approximately 78.6 square kilometres. It has 4 parks covering nearly 42.8% of total area. The population of Glenlyon in 2016 was 389 people. By 2021 the population was 431 showing a population growth of 10.8% in the area during that time. The predominant age group in Glenlyon is 60-69 years. Households in Glenlyon are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Glenlyon work in a professional occupation.In 2021, 88.80% of the homes in Glenlyon were owner-occupied compared with 83.40% in 2016.
Glenlyon has 456 properties. Over the last 5 years, Houses in Glenlyon have seen a 35.69% increase in median value, while Units have seen a -40.37% decrease. As at 31 March 2026:
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