Anglesea Grey Gum used to be considered the same as Mountain Grey-gum (Eucalyptus cypellocarpa) but taxonomic revision in the early 2000s revised its status to now be a separate species. It differs from the latter in being a much smaller tree to 18m in height and is also usually multi-trunked. Like Bellarine Yellow Gum this species is endemic, this time with its epicentre around Anglesea. In contrast to Bellarine Yellow Gum which occurs no further south-west than Bells Beach, Anglesea Grey Gum has its eastern range limit at Bells.
The bark on the lower section of the trunk is fibrous and may extend up into the branches. The upper trunk and branches are smooth and whitish.
This species also carries a number of very distinguishable features. The lanceolate adult leaves are very large; up to 35cm in length. On close inspection the peduncle (flower stem) is flattened and the flower buds are in groups of seven, cone-shaped and ribbed.
Flowers are white and relatively large.
Mature fruits are goblet shaped with the valves below the rim of the fruit.