Natural bush and a lake-like dam make this property on Gleesons Road a great escape from the city.

Bendigo Real Estate director Damien O'Shannessy said the property measures about 8.2 hectares (20.4 acres).

"If you like water views, the dam takes up more than one hectare of the property and it offers a fantastic vista from the house."

Another excellent aspect is the useful mix of cleared land and natural bush - ponies and privacy.

Inside the home is a large lounge with a wood heater for warm winter nights. Pine lining and cathedral-style ceilings are other popular features in this family homestead.

A welcoming space is the home's timber-topped kitchen with its breakfast bar and pantry cupboard and wall-to-wall window, well almost.

The home has three comfortable bedrooms, two fitted robes, ensuite and family bathroom. Personal comfort is assured with multiple reverse-cycle units.

More interior features are ceiling fans, floor-length drapes, custom-built twin vanity, make-up lights, separate laundry with ample storage.

Outside, the home has a wrap-around verandah as well as an extensive undercover alfresco zone. Cosy in winter, divine in summertime when a cool breeze sweeps over the dam.

Damien said the property has secure fencing for your four-legged friends. There is a multipurpose open-bay shed as well as abundant onsite parking.

Axe Creek is ideally positioned between Bendigo city and Lake Eppalock for fun-filled weekends fishing and boating.

Melbourne is an easy 90-minute drive and commuters are urged to inspect.