The house from "The Castle" has had its heritage bid rejected meaning the iconic home will be demolished to make way for two townhouses.
Monee Valley City council last night voted against pursuing a heritage protection application for the property in Strathmore.
Owner, Vicki Cosentino wants to demolish the house and build two new townhouses, the Age reports.
She will use the profit from the sale of one of them to build her own dream "castle" in the nearby suburb of Diggers Rest.
"I'm over the moon, I couldn't be happier. Now I get to move on," she said.
"It's only a little ramshackle house."
Moonee Valley Mayor Andrea Surace said the council made the decision after balancing the cultural value of the property against its monetary value and the fairness of permanent heritage controls on the property's owners.
The owner said she was happy to tell the house for removal – with bids starting at $5000.