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VIC › Manifold Heights › Lascelles Ave

21 Lascelles Ave, Manifold Heights VIC 3218

For saleHouse

$2,000,000–$2,200,000

For sale

Asking range

$1,205,000

Last sold

24 Oct 2019

4

Bedrooms

3

Bathrooms

3

Car spaces

982 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $2,000,000–$2,200,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $2,000,000–$2,200,000(Listing record · 28 Aug 2026)
  • FactLand 982 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Manifold Heights (last 5 years) with land size: median $1,729/m² of land (n=26). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationAsk is 56% above the Manifold Heights median recorded sale ($1,280,000, n=7, last 24 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Manifold Heights's advertised median rent ($466/wk), implied gross yield would be 1.21% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

  • FactZoned NEIGHBOURHOOD RESIDENTIAL ZONE - SCHEDULE 8 (NRZ8) under the ZN.(Vicmap Planning · 31 Aug 2026)

What could make it worth less?

  • FactDESIGN AND DEVELOPMENT OVERLAY - SCHEDULE 14 intersects 99.8% of this parcel.(Vicmap Planning · 31 Aug 2026)

What should you verify next?

  1. 1DESIGN AND DEVELOPMENT OVERLAY - SCHEDULE 14 affects this parcel — verify the mapped extent against the title / planning certificate before relying on unaffected land.
  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

$2,000,000–$2,200,000

Asking range · $2,037/m² of land

Last recorded sale $1,205,000 (24 Oct 2019).

Sources disagree on the sale price. All recorded figures are shown in the history below — Districts does not pick a winner.

Local land rate: recorded House sales in Manifold Heights (last 5 years) with land size have a median of $1,729/m² of land (n=26). Districts calculation from recorded sales — not a valuation.

Manifold Heights at a glance

2,636

People

$1,280,000

Median sale

$466/wk

Median rent

1.89%

Suburb gross yield

Median sale from 7 recorded sales (last 24 months) — a Districts calculation.

See the full Manifold Heights report →

Vs Manifold Heights

+56.3%

Median sale

Suburb $1,280,000

-0.68 pp

Gross yield

Suburb 1.89%

Suburb median $1,280,000 from 7 recorded sales (last 24 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
$2,000,000
Stamp Duty (Victoria)
$110,000
Transfer/Registration Fee
$3,614
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
$2,117,314

$117,314 on top of the price (5.9% 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 Manifold Heights's advertised median rent — not a rent for this listing.

Net yield
-0.29%
Annual cashflow (pre-tax)
$-109,768
Interest cover (DSCR)
-0.06
Annual rent
$24,232
Operating expenses
$30,000
Loan amount
$1,600,000
Annual interest
$104,000
Gross yield
1.21%

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 scheme

ZN

Zone

NEIGHBOURHOOD RESIDENTIAL ZONE - SCHEDULE 8

NRZ8

Jurisdiction

Greater Geelong

Greater Geelong, VIC

Planning overlays

  • DESIGN AND DEVELOPMENT OVERLAY - SCHEDULE 14Detected — 99.8% of parcel

Development activity

Data unavailable

Source

  • Provider: Vicmap Planning
  • Dataset: PLAN_ZONE
  • Retrieved: 31 Aug 2026
  • Version: 1
  • Parcel: 41069774

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

201820222026$1.0m$1.21m$2.0m
  • Sold (recorded)
  • Asking price (not a sale)
  1. Listed$2,000,000–$2,200,000available28 Aug 2026
  2. Sold$1,205,00024 Oct 2019
  3. Listedprice unknowncompleted10 Sept 2019
  4. Listedprice unknowncompleted10 Sept 2019
  5. Sold$1,000,0004 June 2018
  6. Listedprice unknowncompleted4 May 2018
  7. Listedprice unknowncompleted4 May 2018

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?

Confidence: medium

Zoned NEIGHBOURHOOD RESIDENTIAL ZONE - SCHEDULE 8 · NRZ8 (ZN). Official parcel area about 983 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Official parcel about 983 m² — land size can look like optionality. What reduces it: DESIGN AND DEVELOPMENT OVERLAY - SCHEDULE 14. This overlay can reduce what the land size appears to promise. 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 $466/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 1.2%. 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.

3 of 10 questions answered so far

  • Development optionality of this lot

    Knownmedium

    Zoned NEIGHBOURHOOD RESIDENTIAL ZONE - SCHEDULE 8 · NRZ8 (ZN). Official parcel area about 983 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.

  • 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?

    Knownlow

    Official parcel about 983 m² — land size can look like optionality. What reduces it: DESIGN AND DEVELOPMENT OVERLAY - SCHEDULE 14. This overlay can reduce what the land size appears to promise.

  • Lot-level flood

    Unknown

    Flood overlay has not been queried for this lot. 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

    No DA adapter returned applications 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

Manifold Heights in one glance

Manifold Heights at a glance

2,636

People

$1,280,000

Median sale

$466/wk

Median rent

1.89%

Suburb gross yield

Median sale from 7 recorded sales (last 24 months) — a Districts calculation.

See the full Manifold Heights report →

Keep researching

  • Why Manifold Heights? Read the area thesis →
  • What else is on the market in Manifold Heights →
  • Other records on Lascelles Ave →

Listing material

Listed by McGrath Geelong | Newtown

Elegant Family Living

Refined family luxury on a rare 982 sqm (approx.) in tightly-held Manifold Heights. Set within one of Manifold Heights' most tightly held and desirable streetscapes, this beautifully renovated brick residence delivers a compelling blend of timeless character and contemporary refinement, positioned on an expansive allotment.

From the outset, the home makes a lasting impression, where meticulous attention to detail and a considered design palette create a seamless sense of warmth, sophistication and functionality. Polished timber floors, V-groove feature walls and plantation shutters frame the interiors, enhancing both natural light and the home's enduring charm.

At its heart, a generous open-plan kitchen, dining and living domain has been thoughtfully crafted for both daily living and large-scale entertaining. The kitchen is a statement in both form and function, appointed with stone benchtops, a butler's sink, integrated refrigeration and a striking Falcon cooker. A fully equipped walk-in butler's pantry, complete with additional sink and wine fridge, ensures effortless hosting without compromise. A dual-sided wood fire introduces a sense of ambience, connecting the living zones and creating an inviting environment throughout the colder months.

Read the full description

Accommodation is beautifully executed, anchored by a luxurious master retreat featuring a boutique-style walk-in robe and a refined ensuite with floor-to-ceiling tiling, terrazzo flooring, brass fixtures, fluted glass accents and a statement bath. Three additional bedrooms, two with built-in robes, are serviced by a spacious family bathroom and well-appointed laundry, providing versatility and comfort for families of all stages.

The transition to outdoor living is both seamless and impressive. An expansive undercover deck becomes an extension of the home, complete with strip heating, an open fireplace, built-in BBQ and integrated wine fridge, offering a true year-round entertaining setting. This space connects effortlessly to a secondary living or games room, ideal as a pool room or family retreat, complemented by an external WC for added convenience.

Beyond, a substantial salt-chlorinated swimming pool is privately set within the allotment, while the deep rear yard provides exceptional space for children, pets and the avid gardener alike-an increasingly rare offering in this blue-chip locale.

Additional features include hydronic heating, split system cooling, and both internal and external fireplaces, ensuring comfort, functionality and lifestyle are delivered in equal measure.

Large landholdings of this scale and calibre are seldom offered in Manifold Heights, making this a truly exceptional opportunity to secure a turn-key family residence in an established and prestigious setting.

Positioned within walking distance to some of Geelong's most respected schools, local cafés and shopping precincts, and only moments to the Geelong CBD, this address offers an enviable lifestyle defined by convenience, community and long-term desirability in one of the region's most sought-after suburbs.

- Ducted heating

- Under floor heating in bathrooms

- Open fireplaces

- Hardwood timber floors

- Plantation fhutters

- Solar-heated pool

- Falcon oven and butlers pantry

- Pool house

- Outdoor BBQ area

- Split-systems

Listing description written by Georgie Shaw, McGrath Geelong | Newtown — reproduced as published, not verified by Districts.

Property features

  • Living Areas: 2
Districts

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

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.