12 Cherrywood Avenue, Manor Lakes VIC 3024

12 Cherrywood Avenue, Manor Lakes VIC 3024
Five-bedroom family home | 12kW solar system | large shed with roller door | 476m² block | versatile fifth room This house presents a competitively strong offering for a growing family, combining a large block with practical energy and utility upgrades. The five-bedroom configuration with a flexible floor plan, substantial solar array, and significant shed addresses core owner-occupier demands for space, cost management, and functionality. It serves buyers seeking a move-in ready, low-maintenance home with infrastructure that mitigates living expenses, positioning it above basic stock in the area. The primary decision risk is the listed price range, which sits notably below automated valuations, suggesting either vendor motivation or a market correction. This gap represents a negotiation opportunity but requires immediate due diligence on recent comparable sales to validate true worth. Acquire at the lower spectrum to preserve equity; this property is best held long-term to realise the value of its land component and capital improvements.

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.

PropCred Estimated Value

Bedrooms

5

Bathroom

2

Parking

2

Land

476m²

Built

Recent Assessments