5/17 Lascelles Avenue, Manifold Heights VIC 3218

5/17 Lascelles Avenue, Manifold Heights VIC 3218
2-bed townhouse in Geelong West Secondary zone | compact 77sqm lot with open-plan | updated brick build with ceiling fans | walkable to Minerva Road shops | strong rental demand for downsizers The property is positioned within a sought-after school catchment for Geelong West Secondary College, giving it a competitive edge for families and investors focused on education. Its two-bedroom configuration with built-in robes and ceiling fans is practical for small households, while the open-plan living area makes efficient use of the compact footprint. This townhouse is best suited to first-home buyers entering the market or retirees seeking a low-maintenance lifestyle. The brick construction and updated finishes suggest it has been well cared for by its owner. Its location offers easy access to Minerva Road shops and public transport, adding to its daily appeal. The small lot size may limit its attractiveness to buyers wanting generous outdoor space, though the efficient layout compensates. The unit’s position within a townhouse complex might affect privacy and noise levels, which should be weighed. Rental demand appears stable, but any future changes to body corporate fees could impact net returns. The lack of a second bathroom may also be a constraint for some families.
Detailed Independent Property Report prepared  by PropCred Analyst team for 5/17 Lascelles Avenue, Manifold Heights VIC 3218
Checks found:
Value Risk ✓
Liquidity Risk ✕ 2
Planning Risk ✕ 2
Income Risk ✕ 2
Execution Risk ✕ 2
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Market Insight

Manifold Heights is a well-regarded, established suburb offering a premium lifestyle close to Geelong’s centre. Demand is driven by its reputation for substantial, leafy hillside homes. The housing market has experienced a significant correction, with extended selling periods indicating a buyer’s market, while the unit segment shows more resilience. Future appeal is anchored in its enduring prestige and proximity to urban amenities, though the current market sensitivity suggests a period of price discovery.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

77m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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