"Grace Darling" is of regional importance for its rare surviving nineteenth century timber stables with their associated pitched laneway. They compare with the larger stables at the rear of 30 Booran Road and with the remnant at 29 Reddan Road. They are important, also, for their association with "Grace Darling", a celebrated winner of the Melbourne Cup. Their importance is further enhanced by the design of the boxes and by their intact state. Both the house and stables demonstrate the long standing link between the Victoria Amateur Turf Club and its surrounding residential area and recall other similar structures, now demolished.