Keen party hosts will love the large formal dining room and massive ground floor entertaining space – complete with a bar, sunken lounge and relaxing spa pool – offered for sale in this groovy family pad.

Architecturally designed over three levels, the six-bedroom home at 17 Jerilderie Drive, Happy Valley is being offered to the market for the first time in 25 years and comes with a price guide of $995,000 to $1.07m.

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17 Jerilderie Drive, Happy Valley.

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17 Jerilderie Drive, Happy Valley.

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17 Jerilderie Dr, Happy Valley.

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17 Jerilderie Dr, Happy Valley.

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Selling agent Scott Torney of Harcourts Tagni said the retro home was built in the 1980s but channelled the flower power era of the sixties and seventies.

“I’ve never seen anything quite like it,” he said.

“From the lounge room up top, you can see right down into that entertainment space with a feature rock wall, sunken conversation pit with open fireplace, room for the pool table and a sunken spa pool.

“It’s certainly not something you’d not expect to see in a home.

“It’s a real funky space and the vendors told me that, when they still had kids living at home, it was a real party room.”

Situated on a large 1224sq m allotment, the one-of-a-kind entertainer comes with a timber-clad sunken lounge that leads to the formal dining space and a fully-equipped kitchen, with a wine fridge, five-burner cooktop and a wall oven.

Five bedrooms are on this level, including the master suite with walk-in and built-in robes, a large ensuite bathroom and a private balcony to enjoy the home’s parklike surrounds.

Three other bedrooms, all with built-in robes, are located around a central main bathroom.

A further bedroom is separately located, perfect for guests, teens or those needing a private space to work from home.

The sixth bedroom is located downstairs.

17 Jerilderie Dr, Happy Valley.

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17 Jerilderie Dr, Happy Valley.

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17 Jerilderie Dr, Happy Valley.

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17 Jerilderie Dr, Happy Valley.

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Dedicated to fun, this level also has an oversized family living space with an in-built bar and a cellar.

Located just a short walk from Thalassa Park and the newly open Happy Valley Reservoir Reserve, Mr Torney said the home was proving popular with family buyers.

“We already have three offers on it but they are all subject to sale of their own home, so it’s still very much for sale,” he said.

“The home seems to appeal to young buyers with kids wanting a bit of space and buyers wanting a home to entertain.

“It’s in pretty good condition and the only thing that is original that could do with reno are the bathrooms.

“But the general feedback has been that they wouldn’t change a lot. In fact, it’s a bit like retro has become cool again as buyers love the vibe it gives off.”