204 Mill Street, Lake Wendouree, VIC 3350 | Property Value & History | OnTheHouse
FOR SALE

204 Mill Street
Lake Wendouree VIC 3350

Bedrooms: 5
Bathrooms: 3
Car spaces: 1
Floor area: 356m2
Land area: 1392m2
This property is currently on the market
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Property Details for 204 Mill St, Lake Wendouree

204 Mill St, Lake Wendouree is a 5 bedroom, 3 bathroom House with 1 parking spaces and was built in 1880. The property has a land size of 1392m2 and floor size of 356m2.This Property is currently listed for sale with Real Estate Group

Building Type
House
Year Built
1880
Floor Size
356m2
Land Size
1392m2
Local Government
Ballarat
Lot/Plan
1/TP437266

Last Listing description (May 2026)

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 Chemine 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.

JD1703

Property History for 204 Mill St, Lake Wendouree, VIC 3350

A timeline of how this property has performed in the market
Last Sold
$955,000
08 Jun 2012
  • 16 Mar 2026
    Listed for Sale $3,900,000 - $4,290,000
  • 13 Jun 2025
    Listed for Sale $4,095,000 - $4,500,000
  • 22 Oct 2024
    Listed for Sale $4,500,000 - $4,900,000
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About Lake Wendouree 3350

The size of Lake Wendouree is approximately 4.6 square kilometres. There are 6 parks, covering nearly 65.7% of the total area. The population of Lake Wendouree in 2016 was 2882 people. By 2021 the population was 2878 showing a population decline of 0.1% in the area during that time. The predominant age group in Lake Wendouree is 60-69 years. Households in Lake Wendouree are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Lake Wendouree work in a professional occupation.In 2021, 72.90% of the homes in Lake Wendouree were owner-occupied compared with 70.00% in 2016.

Lake Wendouree has 1,596 properties. Over the last 5 years, Houses in Lake Wendouree have seen a 4.54% increase in median value, while Units have seen a 14.84% increase. As at 31 July 2026:

  • The median value for Houses in Lake Wendouree is $897,023 while the median value for Units is $560,799.
  • Houses have a median rent of $510 while Units have a median rent of $430.
There are currently 11 properties listed for sale, and 2 properties listed for rent in Lake wendouree on OnTheHouse. According to Cotality's data, 91 properties were sold in the past 12 months in Lake wendouree.

Suburb Insights for Lake Wendouree 3350

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.