Victoria Road begins at the Maroondah Highway intersection, which is where the O Tree Restaurant is. Its name comes from the huge oak tree that dominates the outdoor area. It may be a good place to start your Victoria Road experience as it opens at 9.00am. I would rate it excellent, based on my two dining experiences there.
The Lilydale lawn cemetery was established in the 1880s. While cemeteries are not on everyone's bucket list (unless you kick one) they are fascinating places to wander around reading some of the headstones. Probably the most interesting and historic grave is that of Dame Nellie Melba who died in 1931. Inside the gates is a map of where 26 historic graves are located. Take a photo on your phone to guide you around.
Bianchet Winery and Restaurant appears just before the Coldstream West cross road. It has recently been re-furbished and has now re-opened. I have dined there three times in the past and rated it as excellent.
If having a good walk spoilt is your thing, you have three opportunities at the three golf courses along the road.
Gardeners Run is the first one you come to. The entrance is between the Lilydale Memorial Park and Heritage & Heritage Funeral Services. Perhaps a good location for golfing tragics. Gardeners Run is the new home of the Chirnside Park Golf Club and is named after John Gardiner an early landowner in the area establishing "Gardiners Run" in 1837.
The facilities include a bistro. Have only eaten there once and I would rate the experience as very good.
Eastern Golf Club is the newest golf course in the area, having shifted from Doncaster and opened in July 2015. The course was designed by Greg Norman. It is a member's only course with the exception of guests staying at the adjacent Yering Gorge Cottages.
Spandoni's Reserve. At the end of Victoria Road. The 1.7 km walking track appears to have been cut from the native scrub and gives close glimpses of the Yarra River in several spots. Another track passes over a billabong via a wooden bridge.
If you are intending to visit the aforementioned things it may be prudent to check with them for their opening days and times unless of course, you wish to spend three days travelling eight kms.