174 Eureka Drive, Manor Lakes VIC 3024
174 Eureka Drive, Manor Lakes VIC 3024
This single-level house on a 512m² lot offers four bedrooms, two bathrooms, and two living areas. It includes ducted heating, evaporative cooling, a dishwasher, an outdoor spa, and a shed. The property is zoned for Ngarri Primary School and Manor Lakes P-12 College.
This property’s competitive strength lies in its straightforward family configuration and walkable location to both schools and trains, which is a rare convenience in Manor Lakes. The single-level layout on a standard 512m² lot serves the dominant buyer profile in the area: families seeking entry-level housing with minimal maintenance. The inclusion of an outdoor spa and secure remote garage adds modest appeal above basic spec, positioning this house as a practical, move-in-ready option for commuters and young families who prioritize daily efficiency over premium finishes.
The property’s value may be influenced by its standard finishes and lack of premium features like a pool or study, which could limit its appeal to buyers seeking more than basic family accommodation. The flat ground elevation might raise drainage considerations, though no flood overlay is noted. The estimated rental yield of approximately 3.8% is solid for the area, but the absence of school performance data means families may need to verify catchment quality independently. These factors should be weighed when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 174 Eureka Drive, Manor Lakes VIC 3024
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
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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
512m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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