13-15 Pelican Way Lara VIC 3212

| Grand Lakes Estate | 589m² low-maintenance block | 266m² build | Solar panels | Flood overlay present | This property offers a rare configuration advantage in the Grand Lakes Estate: a 266m² building on a 589m² lot gives 45% site coverage, meaning generous internal space without excessive land upkeep. The 9m roof height and 13m ground elevation signal good natural light and drainage. Solar panels (detected September 2024) reduce ongoing utility costs, a tangible edge in a rising energy market. The property best suits a family seeking a modern, efficient home in a master-planned estate with strong owner-occupier character (80%) and reliable school catchments. The flood overlay is the primary risk. It does not preclude purchase but may affect insurance premiums and resale buyer pool depth. The 2017 last sale date means no recent transaction pressure, and the 27% auction clearance for 4-bedroom houses in Lara suggests a buyer’s market for negotiation. The 37-day average days on market indicates stock is not moving quickly, giving a buyer time to conduct due diligence on flood impact and building condition. Use this property as a long-term family home; the solar and FTTP infrastructure support holding costs, while the estate’s owner-occupied profile supports stable capital growth.