20 Cedar Road, Lara VIC 3212

New build in Manzeene Estate | 4 bed, 3 bath, dual living areas | Side access on 509m² | Premium rental yield & growth profile This property presents a competitively strong proposition as a near-new family home with a configuration that exceeds the suburb’s typical stock, featuring three bathrooms and two ensuites which cater directly to multi-generational living or premium share-house scenarios. Its 2020 construction, inferred from the last sale, means modern building standards and energy efficiency, while the 35% building coverage and valuable side access on a fully fenced block preserve land utility for future expansion or secure storage. The property is positioned for buyers seeking minimal maintenance with high-quality inclusions like ducted heating, evaporative cooling, and floorboards, and it serves growing families or investors targeting the strong rental demand evidenced by the estimated $605 per week return. Its location within a established estate, a short walk to parkland and with reliable 5G and fibre NBN connectivity, solidifies its appeal in a suburb with a demographic leaning towards stable, family-oriented occupancy. The primary decision hinges on reconciling the listed price premium against the recent sales evidence; the $849,000-$909,000 asking range sits notably above the $721,000-$779,000 estimated value, creating an immediate negotiation risk. This gap must be justified by the property’s superior specification compared to recent sales, such as the nearby 22 Cedar Road with fewer bathrooms on a smaller block. The opportunity lies in securing a turn-key property in a precinct with demonstrated capital growth, given the 2020 purchase at $295,000, though that gain is already realized by the vendor. The commercial logic for an investor is clear, with a gross yield around 4.1% calculated against the upper estimated value, which is robust for a house of this calibre. Proceed with an offer anchored to the documented comparable evidence, targeting the lower half of the guide, as this property is best held as a long-term rental or owner-occupied home to amortize the entry cost over time, not as a short-term trade. Recent comparable sales in Lara provide context: * 15 Mallard Court, 8 Rosedale Circuit, and 21 Archer Dr are among several recent transactions, though specific prices are not detailed here, indicating active market movement. * 8 Cedar Road sold for $340,000 in a prior period, likely for land, undersconing the value-add of a completed dwelling. * The subject property’s last sale at $295,000 in 2020 anchors its modern build era and establishes a baseline for the area’s appreciation trajectory. This sales history confirms Lara’s liquidity and supports a valuation toward the upper end of the estimated range for this specific home, given its newer build, larger land parcel, and premium bathroom count relative to typical suburb stock.