The landscape of Yallambie Reserve is of high local significance. It is of Regional significance as a cultural landscape being the site of the former 'Plenty Station' and one of the very important early colonial sites. In summary it is significant for the following reasons:
a. Association with John and Robert Bakewell (1846 - 1847) and the Wragg family from 1872 - 1960.
b. As site of the 'Plenty Station', one of the earliest and best documented colonial settlements.
c. Remnant plantings of pines, hawthorns, oaks, elms, willows and orchard trees. Particularly the surviving Pines (Pinus radiata), Bunya Pine (Araucaria bidwillii), Hoop Pine (Araucaria cunninghamii), English Oak (Quercus robur), Cypress (Cupressus sp.) and Deodar Cedar (Cedrus deodara).
d. Aesthetic characteristics of the river landscape, and views across and along the river valley from high points.