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VIC › Manor Lakes › Eureka Dr

120 Eureka Dr, Manor Lakes VIC 3024

For saleHouse for Sale

$580,000–$630,000

For sale

Asking range

4

Bedrooms

2

Bathrooms

2

Car spaces

572 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $580,000–$630,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $580,000–$630,000(Listing record · 28 Aug 2026)
  • FactLand 572 m²; no building size recorded.(Property record)
  • CalculationAsk is 12% below the Manor Lakes median recorded sale ($657,389, n=160, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Manor Lakes's advertised median rent ($471/wk), implied gross yield would be 4.22% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$580,000–$630,000

Asking range · $1,014/m² of land

No recorded sale for this property.

Manor Lakes at a glance

15,798

People

$657,389

Median sale

$471/wk

Median rent

3.73%

Suburb gross yield

Median sale from 160 recorded sales (last 12 months) — a Districts calculation.

See the full Manor Lakes report →

Vs Manor Lakes

-11.8%

Median sale

Suburb $657,389

+0.49 pp

Gross yield

Suburb 3.73%

Suburb median $657,389 from 160 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$580,000
Stamp Duty (Victoria)
$29,870
Transfer/Registration Fee
$1,461
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$615,031

$35,031 on top of the price (6.0% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Manor Lakes's advertised median rent — not a rent for this listing.

Net yield
2.72%
Annual cashflow (pre-tax)
$-14,368
Interest cover (DSCR)
0.52
Annual rent
$24,492
Operating expenses
$8,700
Loan amount
$464,000
Annual interest
$30,160
Gross yield
4.22%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$580,000–$630,000available28 Aug 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $471/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 4.2%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Manor Lakes in one glance

Manor Lakes at a glance

15,798

People

$657,389

Median sale

$471/wk

Median rent

3.73%

Suburb gross yield

Median sale from 160 recorded sales (last 12 months) — a Districts calculation.

See the full Manor Lakes report →

Keep researching

  • Why Manor Lakes? Read the area thesis →
  • What else is on the market in Manor Lakes →
  • Other records on Eureka Dr →

Listing material

Listed by Scott Kim Real Estate

Impressive Family Home With Everything You Need

Perfectly positioned in the sought-after Manor Lakes estate, this impressive family home combines generous living spaces, modern comforts and fantastic outdoor entertaining. Offering four bedrooms, multiple living zones, a dedicated study and a spacious backyard with a decked pergola, it provides everything a growing family could need. With Wyndham Vale Train Station, schools, parklands, shopping and public transport all within easy reach, this is an opportunity not to be missed.

Property Features

* Three spacious bedrooms generously proportioned accommodation designed to comfortably cater for growing families, guests or those requiring additional space.

Read the full description

* Private master suite with a peaceful retreat featuring a walk-in robe and ensuite, providing the perfect combination of privacy, comfort and convenience.

* Three additional bedrooms all fitted with built-in robes, offering excellent storage and flexibility for children, guests or teenagers.

* Light-filled central bathroom conveniently positioned to service the secondary bedrooms and main living areas, making everyday family living practical and effortless.

* Spacious formal lounge positioned at the front of the home, providing a welcoming secondary living zone that can be enjoyed as a quiet retreat, formal sitting area or entertaining space.

* Open-plan family and meals area and a generous central living space designed for everyday family interaction, with plenty of room for dining, relaxing and entertaining.

* Modern kitchen that is overlooking the main living zone and equipped with stainless steel appliances, dishwasher, ample cabinetry and generous preparation space, making it both stylish and practical.

* Separate rumpus room with an incredibly versatile additional living area that can be transformed into a children's retreat, games room, media room or second family lounge.

* Dedicated study is a valuable addition for those working or studyingfrom home, offering a quiet and practical workspace away from the main living areas.

* An outdoor entertaining area with an impressive decked pergola creates an inviting extension of the home's living space and is ideal for entertaining family and friends throughout the year.

* Generous backyard with plenty of open space for children and pets to play, with room to enjoy outdoor activities, family gatherings or future landscaping ideas.

* Landscaped gardens established gardens enhance the property's street appeal and create a pleasant, low-maintenance outdoor environment.

* The garden shed provides valuable additional storage for gardening equipment, tools, bikes and other outdoor essentials.

* Gas ducted heating provides warmth and comfort throughout the home during the cooler months.

* Evaporative cooling designed to keep the home cool and comfortable during the warmer months.

* Double remote-control garage with secure accommodation for two vehicles with convenient remote access, providing both practicality and peace of mind.

* Exceptional Family Location

Enjoy the convenience of having Wyndham Vale Train Station approximately 1km away, making commuting simple and accessible. The home is also within easy reach of local schools, childcare facilities, parklands, playgrounds, sporting facilities and public transport, while Manor Lakes shopping and lifestyle amenities are only moments away. With everything a growing family could need right at your fingertips, this is an opportunity to secure a spacious and versatile home in one of Manor Lakes' most established and family-friendly pockets.

Contact Scott Kim today on (03) 9808 0481 for more information and secure this stunning home today!

** Sale Method: Private Negotiation

** Settlement: Flexible

** Inspection: By Appointment Only (Must provide phone number with the enquiry)

Listing description written by Josh Hanvey, Scott Kim Real Estate — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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