232 Maracana Avenue, Manor Lakes VIC 3024
232 Maracana Avenue, Manor Lakes VIC 3024
4 bedrooms, 3 bathrooms, 2 car spaces on 448m². Single-level house built circa 2023-2024 in Parkbrook Estate, Manor Lakes. Zoned for Ngarri Primary School and Manor Lakes P-12 College. Bushfire overlay applies.
This property is competitively positioned as a modern, family-oriented house in a growth corridor where new stock is the norm. The 4-bedroom, 3-bathroom configuration is a genuine edge for families who need a dedicated study or guest room, as many comparable houses offer only two bathrooms. It sits within the Parkbrook Estate, a pocket that consistently attracts first-home buyers and young families, supported by school zoning for both primary and secondary. The house itself is new enough to offer modern finishes, air conditioning, and an outdoor entertainment area without requiring immediate upgrades. For a buyer seeking a turnkey family home under $800,000 in a developing area, this property matches the brief closely.
The bushfire overlay is a factor that may affect insurance premiums and could be a negotiating point, though it does not appear to be a street-wide issue. The 448m² lot is standard for this estate but smaller than older Manor Lakes stock, which may limit future extensions or shed placement. The property was built on land sold in 2021, so the house is relatively new, but the exact construction year is not confirmed, meaning warranty periods might be worth verifying. The listing price range sits above the most recent comparable sale in the street, so a buyer should weigh whether the premium reflects genuine improvements or market timing.
Detailed Independent Property Report prepared by PropCred Analyst team for 232 Maracana Avenue, Manor Lakes VIC 3024
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
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
3
Parking
2
Land
448m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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