A superbly located and positioned Lifestyle property within close proximity to Warragul, Drouin and Neerim South townships with bitumen road frontage and boasting outstanding elevated aspect. Being offered for sale for the first time in over 30 years, an inspection is highly recommended of 'Ellenswood', this noted and well-respected property in the sought-after Buln Buln district. Entry to this 19.82 hectare (49 acre) property is via a 300 metre tree lined driveway which delivers direct access to a privately positioned residence set in beautiful garden surrounds afforded with a stunning panorama with far reaching rural aspect. The character country homestead with charming qualities features formal lounge with solid fuel heater, sun drenched North facing sunroom, country kitchen with wood fired stove, 2 spacious bedrooms, study nook and updated bathroom. Other notable inclusions are 10ft high ceilings, feature cornice, picture rails, split system cooling and expansive decked entertainers area perfectly positioned overlooking your country surrounds. Shedding is well catered for with a large double garage, 13x8m machinery shed and 12 x 9m workshop / caravan accommodation. A stunning feature of the gently sloping 49 acres is the 15 acres of serene natural bush with majestic gums and specimen trees that is easily accessed with formed tracks. The land has electric fencing into 12 main paddocks with laneway access and the timber stockyards are complete with loading race and steel crush. Water is abundant with expansive roof catchment, 90,000 litre storage capacity and access to creek fed storage dam and reticulated to troughs. Impressive property, rarely available, premier location and an outstanding opportunity.