13 Weavers Street, Manor Lakes VIC 3024
13 Weavers Street, Manor Lakes VIC 3024
3 bed / 1 bath / 1 car on 305 m² | compact detached house | family-focused estate | lower parking than street norm | budget-conscious entry point
This property is a leaner, more accessible entry into Manor Lakes than the dominant 4/2/2 family format that defines most of Weavers Street. The 3/1/1 configuration on a 305 m² block is genuinely rare in this street context, which means less competition from upgraders and more interest from first-home buyers or small families who want a detached house without paying for space they don’t need. It sits comfortably within a master-planned suburb known for schools, shopping, and rail access, so the location does the heavy lifting. The house serves best a buyer who prioritises affordability and house form over internal amenity, and who sees the smaller footprint as a practical trade-off rather than a compromise.
The value picture here may be shaped by how the single bathroom and single car space compare against the 3/2/1 and 3/2/2 homes nearby that have sold in the mid-$500,000s. Those extra bathroom and parking slots tend to command a noticeable premium in family-oriented estates, so this property might need to price below those comparables to feel competitive. The 305 m² block is efficient but not generous, which could limit appeal to buyers wanting outdoor room or future extension potential. Condition and presentation will matter more than usual here, since the configuration is already lean, and a well-kept interior may offset the missing second bathroom in a way that a tired one cannot.
|| Comparable Sales: 62 Weavers Street 3/2/1 sold $545k; 38 Weavers Street 3/2/2 sold $550k | Property Price Band: $500k–$600k | Value Drivers: single bathroom constraint, land size efficiency, presentation quality
Detailed Independent Property Report prepared by PropCred Analyst team for 13 Weavers Street, Manor Lakes VIC 3024
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
2
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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: 62 Weavers Street 3/2/1 sold $545k; 38 Weavers Street 3/2/2 sold $550k | Property Price Band: $500k–$600k | Value Drivers: single bathroom constraint, land size efficiency, presentation quality
Bedrooms
3
Bathroom
1
Parking
1
Land
305m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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