The owner of arguably Australian film’s most recognisable home faces thousands of dollars in repair costs after damages inflicted by her long-term tenants.

Vicki Cosentino, owner of the real-life home made famous by the Kerrigans’ The Castle, has lodged plans to the Moonee Valley City Council to demolish what she deemed her “bad luck house” to make way for two new townhouses.

Ms Cosentino said her tenant of seven years “trashed it” and caused more than $14,000 worth of damages, and their bond – just over $1000 – was barely enough to cover it.

Luckily her three-bedroom weatherboard was insured, but she had to fix most of it herself to not be out-of-pocket.

Fed up with a string of damages dealt by her tenants and the film crew during the 1997 shoot, she has decided to demolish the famed house towards the end of next year and re-lease the house in the interim.

“I’m sick and tired of it – everyone who’s been in my place has [done] nothing but wrecked it, and I’m sick of spending money on fixing it up,” the hairdresser said.

“I repainted the whole thing, I replastered everything, I’ve pulled down all the doors and put up new doors.

“All of my beautiful glass window doors [seen in] The Castle are all wrecked.”

Ms Cosentino said she lost five months of rent while she worked on the property, and has a deal with the builder to trade one of the two townhouses for the cost of the build because she could not afford it.

“I paid $94,000 for that house 23 years ago, but this house has cost me over $100,000 to fix so far, and instead of making money, I’m going downhill,” she said.

Ms Cosentino hoped to sell her townhouse for more than $630,000 to pay her bills and build a property on a block of land she bought.

Brad Teal property manager Samantha Barker confirmed older houses in the area were being knocked down for new builds, while others period homes were being renovated and extended.

Ms Cosentino subdivided the block several years ago and built a property in the backyard, she said.

“If she’s going to hold onto it as a rental, things do pop up and they end up being more and more costly to fix – especially in older homes with older gas heaters,” she said.

“And the fact that, too, she would probably receive a higher rental yield from a newer property.”

The classic Australian film of 1997 celebrates the triumph of the Kerrigans over the impending compulsory acquisition. (Spoiler alert: they win in the High Court, thanks to some clever ‘Mabo’ and ‘vibe’ arguments.)

The house at 3 Dagonet Street, Strathmore, was also for lease in 2010. Back then, Ms Cosentino told Fairfax Media that the tenants at the time the movie was filmed told her a “documentary” crew would be filming for two to three days.

Two weeks later, the crew was still there and, upon completion, there were “holes drilled in the walls” and hundreds of staples that needed removing.

“After two weeks of filming, the tenants took off with the bond and proceeds of the filming,” she said.

Other tenants have reported visitors knocking on the door and asking to speak to Darryl.

Tenants looking for the serenity of living adjacent to an airport will need to fork out $380 per week.

“This is not a house, it’s a home,” said Darryl, who also famously said, that while he was not wanting to sell, “it’d be nice to know what we’re sitting on”.

Now you know.