3 Neagh Street, Manor Lakes VIC 3024

3 Neagh Street, Manor Lakes VIC 3024
4-bed family home | generous 576mยฒ block | sought-after lakeside pocket | built 2019 with study and rumpus This property occupies a strong position in Manor Lakes, offering a 2019-built floorplan that includes a study and rumpus room,features that are uncommon in this price bracket and directly serve a working-from-home or growing family. The 576mยฒ block with 48% building coverage leaves genuine outdoor space, and the absence of bushfire, flood, or heritage overlays reduces holding risk. It suits buyers seeking a modern, low-maintenance house in a family-oriented pocket with good school zoning, where comparable stock is limited and demand is supported by consistent recent sales activity. The main risk is the lack of recent sold data for this exact property, which narrows the comparable evidence and increases reliance on suburb-level trends. The 2018 purchase price is now stale and should not inform current valuation. Buyers should verify whether the outdoor entertainment area and fencing meet their standards, as post-construction upgrades may vary. The FTTP connection is a supporting convenience but not a price driver. Hold this property as a long-term family home; its configuration and land size give it better resilience than nearby smaller blocks.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 3 Neagh Street, Manor Lakes VIC 3024
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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

3

Land

576mยฒ

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