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.
VIC › Manor Lakes › Portulaca Ave
$635,000–$655,000
For sale
Asking range
4
Bedrooms
2
Bathrooms
2
Car spaces
281 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
Asking
$635,000–$655,000
Asking range · $2,260/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.
Vs Manor Lakes
-3.4%
Median sale
Suburb $657,389
+0.13 pp
Gross yield
Suburb 3.73%
Suburb median $657,389 from 160 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Based on the low end of the asking range, not a contract price.
$38,460 on top of the price (6.1% extra)
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.
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.
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.
Planning
Planning data is being calculated
Data unavailable
Source
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 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 exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning 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.
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
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.
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.
Gross yield if leased at the suburb aggregate is 3.9%. 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
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.”
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
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
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis 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
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
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.
Listing material
Listed by OKAS Property Group Truganina17 Portulaca Avenue, Manor Lakes, VIC 3024
Urjit Raval with Reliable Duo Abishek & Kamlesh, on behalf of Okas Real Estate, proudly presents this stunning family home Perfectly positioned in one of Manor Lakes' most family-friendly neighbourhoods, this beautifully located home offers exceptional convenience with schools, shopping, transport and parklands all within minutes.
Immaculate front facade & minimal maintenance front garden to start with, then stepping through inside, you are wowed by the stunning floorboards running all through the entrance walkway, family, dining & kitchen area. This exquisite home comprises of four generous sized bedrooms including Master with its ensuite & walk in robe, whilst the other bedrooms are fitted with built in robes and are serviced by central bathroom. The family minded floor plan provides you luxury of formal living and family living areas.
The modern kitchen is equipped with 900 mm of premium stainless-steel appliances, stone bench tops, sink, dishwasher, pantry with ample storage space. It is centrally positioned in the house overlooking the indoor & outdoor living areas. The exquisite outdoor living area includes a fully landscaped backyard side yards. This area is truly a distinguished treat for the whole family & is ideal for soaking up the sun on a lazy afternoon. Complemented by a sizeable laundry, double car garage and Refrigerated heating/cooling. This is a home really does have it all in privileged proximity to schools, childcare, shops, and public transport.
In addition, this stunning home features:
• High ceilings
• Refrigerated heating/Cooling System
• LED down lights
• Window furnishings
• Fully Landscaped Front & Back yard
• Fully fenced all around the house
• Exposed Aggregate front driveway
• Automated Double Garage with internal access
Why You'll Love This Location
• Family-friendly neighbourhood
• Walking distance to parks and open spaces
• Excellent selection of public & private schools
• Easy access to Wyndham Vale Station
• Convenient freeway access to Melbourne & Geelong
• Minutes from Manor Lakes Central Shopping Centre
• Surrounded by walking trails, lakes and recreational reserves
This home of warmth and character will not fail to impress. For enquiries related to this property, we invite you to contact Urjit Raval on 0433 399 923 or Kamlesh Kamani on 0499883311.
Photo ID required for an Inspection.
DISCLAIMER: Photos are illustration purpose only, All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent. Please see the below link for an up-to-date copy of the Due Diligence Check List: http://www.consumer.vic.gov.au/duediligencechecklist
Listing description written by Kamlesh Kamani, OKAS Property Group Truganina — reproduced as published, not verified by Districts.