The renouned property at 650 Woori Yallock Rd, Cockatoo, last sold in 2015.

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A vacant graffiti-covered Cockatoo mansion for sale with a $1.1m-$1.21m asking range could be transformed into an artistic space, farm, family compound – or even a castle.

Ranges First National Belgrave and Cockatoo’s Janet Hawkins described the 5.26ha site at 650 Woori Yallock Rd as a local icon.

Agency director Mick Dolphin had the listing when it last sold for $580,000 in 2015.

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Mr Dolphin said the residence was originally built by a couple from eastern Europe who had wanted a large family, but did not end up having children and never finished constructing the impressive structure, although they lived there for many years.

The brown brick, 14-room house was placed on the market last month.

Its lime green-painted interiors and wide hallways are adorned with graffiti, windows are broken and plants have grown through some openings.

The home has previously been hired by a paintball business …

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… and how it looked in 2015, when it was last sold.

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Featuring a turret-style external staircase, four ensuites, a portico, large entry way and spacious courtyard, the abode’s three balconies offer spectacular views of the surrounding valleys and hills.

Ms Hawkins, who is marketing the site along with Mr Dolphin and their colleagues, has received plenty of calls about the sprawling property.

“It has been busy, it’s like a local icon and people know all about it,” she said.

Street art on the walls, floors and ceilings.

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There’s also a shed on the site.

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Potential buyers have included horse and livestock owners, plus developers hoping to restore the mansion to its former glory.

“We did have a call from someone who wanted to keep it as a constantly ongoing art installation,” Ms Hawkins said.

“There’s been other people from the other side of the city who are looking for a more rural location and a tree-change, and for multi-generational living in a big house.”

Green views through one of the windows.

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For all inspections, buyers must wear closed-toed shoes and long pants.

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There have been a few slightly unusual inquiries too.

“We did have someone ring who said, ‘My name is King and I want to buy my castle’,” Ms Hawkins added.

She said her office was awaiting a vendor’s statement with some final details.

The new owner will have plenty of space.

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Upon receiving the paperwork, they agency will be in a position to accept offers for the address, with many Cockatoo residents keen to find out about the house’s future.

“I think everyone in the area is hoping that someone takes it on, brings it back to something really nice-looking and it has a nice new owner,” Ms Hawkins said.

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