25 Pierbrook Avenue, Manor Lakes VIC 3024
25 Pierbrook Avenue, Manor Lakes VIC 3024
6-bed / 4-bath on 512m² | Park frontage in Manor Lakes | Rare large-family format | Priced above suburb norm | Single-level layout
This is a genuinely uncommon property for Manor Lakes, where the market is built around 4-bedroom family homes on smaller lots. A 6-bedroom, 4-bathroom house on 512 square metres gives you a configuration that simply does not come up often in this suburb, and the direct park frontage adds a layer of lifestyle appeal that standard estate stock rarely offers. The single-level layout is a practical advantage for families with young children or older members, and the multiple living zones suggest the floorplan was designed for households that need separation and space. This property serves large families, multigenerational buyers, or anyone who wants room to grow without moving suburbs. It sits well above the typical Manor Lakes offering, both in size and in the buyer it attracts, and that scarcity is its main competitive strength.
The price band sits noticeably higher than most recent sales in the area, which reflects the extra bedrooms and bathrooms rather than any land premium, since 512m² is not exceptional for the suburb. The value may hinge on how well the interior finish matches what buyers expect at that level, and whether the single-level design uses the block efficiently. The park outlook could support a premium, but the broader market in Manor Lakes is price-sensitive, so the final result might depend on finding the right buyer who genuinely needs six bedrooms. Condition and presentation will likely matter more here than they would for a standard 4-bedroom house.
|| Comparable Sales: 5 Pierbrook Avenue sold $667,000 (4-bed, 448m²) | Property Price Band: $950K–$1.05M | Value Drivers: bedroom/bathroom count, park frontage, single-level layout
Detailed Independent Property Report prepared by PropCred Analyst team for 25 Pierbrook Avenue, Manor Lakes VIC 3024
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
Manor Lakes, in Melbourne’s outer west, is positioned as a family-oriented suburb. Couples with children and professionals aged 30-39 lead demand, with first-home buyers returning amid a four-year high in house-and-land searches. Annual sales volume sits at 352-369, while median house prices range from $642,000 to $660,000, with annual growth between 0.8% and 2.1% and a recent quarterly rise of 1.1%. Inventory is tight — 21 houses for sale and 58 rentals last month — with days on market from 42 to 62. House rental yields are modest at 3.7%. Future growth is supported by ongoing residential development and improved buyer confidence; key risks include average vendor discounts of -5% and rate sensitivity given typical mortgage repayments of $1,800-$2,399 monthly for households.
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PropCred Estimated Value
Comparable Sales: 5 Pierbrook Avenue sold $667,000 (4-bed, 448m²) | Property Price Band: $950K–$1.05M | Value Drivers: bedroom/bathroom count, park frontage, single-level layout
Bedrooms
6
Bathroom
4
Parking
2
Land
512m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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