21 Springwood Terrace, Manor Lakes VIC 3024
21 Springwood Terrace, Manor Lakes VIC 3024
This is a single-level 4-bedroom house on 542m² in Manor Lakes’ Botanic Estate. It has two bathrooms, two car spaces, and a master suite with dual walk-in robes and an ensuite. Built around 2011, it sits in a sought-after pocket of the suburb where larger lots are less common.
The master suite with dual walk-in robes is a genuine differentiator here, as most comparable houses in this estate offer only single robes. The 542m² lot is also slightly above the typical size for the area, which gives more flexibility for landscaping or future outdoor additions. The Botanic Estate itself is regarded as a more prestigious pocket within Manor Lakes, so the property benefits from both a stronger street appeal and a more consistent quality of neighbouring homes. This house is best suited to growing families who want a well-configured floorplan in a family-oriented estate without stepping into a premium price bracket.
The 2011 build date may mean the property lacks some modern energy efficiency features like double glazing or higher-rated insulation, which could affect ongoing utility costs. The absence of ducted heating or evaporative cooling in the available information means a buyer should verify what is installed and whether it meets their comfort expectations. The single-level layout is practical for families but may limit appeal for those seeking a larger footprint or separate zones for older children or guests. These factors may influence how the property compares to newer builds in the same price range.
Detailed Independent Property Report prepared by PropCred Analyst team for 21 Springwood Terrace, Manor Lakes VIC 3024
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
Manor Lakes is a young, family-oriented suburb with high owner-occupancy, positioning it as a stable entry point for Melbourne’s western growth corridor. Demand is driven by first-home buyers and young families seeking new housing, supported by strong household incomes. Recent price trends show modest, steady growth with houses transacting efficiently, indicating sustained buyer confidence. Future growth is underpinned by ongoing development appeal, though the market faces constraints from tight supply and typical vendor negotiations.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
542m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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