197 Maracana Avenue, Manor Lakes, VIC 3024 | Property Value & History | OnTheHouse
FOR SALE

197 Maracana Avenue
Manor Lakes VIC 3024

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 161m2
Land area: 541m2
This property is currently on the market
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Property Details for 197 Maracana Ave, Manor Lakes

197 Maracana Ave, Manor Lakes is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2021. The property has a land size of 541m2 and floor size of 161m2.This Property is currently listed for sale with Banksia Property Agency

Building Type
House
Year Built
2021
Floor Size
161m2
Land Size
541m2
Local Government
Wyndham
Lot/Plan
17724/PS822246

Last Listing description (September 2026)

Set on a strikingly wide 541sqm allotment, this spacious four-bedroom home offers a practical family layout, multiple living areas and an expansive backyard with plenty of room to enjoy.

The heart of the home is the open-plan kitchen, dining and living area, with a generous island bench providing ample preparation space and casual seating. From here, the living area opens to a covered alfresco and the substantial rear yardideal for entertaining, children, pets or simply enjoying the extra outdoor space.

Families will appreciate the flexibility of three separate living zones. In addition to the main living area, there is a dedicated media room, and a kids retreat positioned alongside the rear bedrooms, allowing everyone to have their own space.

The master bedroom is privately positioned at the front of the home and includes a walk-in robe and ensuite with oversize shower. The remaining three bedrooms each have built-in robes and are serviced by the central bathroom and separate toilet.

Additional features include:
-Wide 541sqm allotment
-Master bedroom with walk-in robe and ensuite
-Three additional bedrooms with built-in wardrobes
-Open-plan kitchen, dining and living area
-Separate media room, plus kids retreat
-Covered alfresco area
-Expansive, secure backyard
-Ducted heating and split-system cooling
-Separate laundry
-Double garage with internal access
-Available with vacant possession
-Constructed in 2023 by Prime Project Constructions

The property is conveniently located close to Ngarri Primary School, Manor Lakes P12 College, local parks and playgrounds, Manor Lakes Central Shopping Centre and Wyndham Vale Railway Station.

With its generous proportions, versatile floorplan and larger-than-average block, this is an excellent opportunity for families looking to settle into the area or investors seeking a well-located addition to their portfolio.

Contact Jake today for more information!

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DISCLAIMER: All stated dimensions and distances are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent. Purchaser to make their own enquiries. Please refer to the Buyer Due Diligence Checklist available at https://www.consumer.vic.gov.au/duediligencechecklist. Photographs displayed may have been enhanced, including for colour/light balancing with digital staging added, and are for illustrative purposes only.

Property History for 197 Maracana Ave, Manor Lakes, VIC 3024

A timeline of how this property has performed in the market
Last Sold
$308,900
06 Jun 2021
Listed for Rent
$500/w
01 Aug 2023
  • 04 Sep 2026
    Listed for Sale $690,000 - $740,000
  • 19 Jul 2023
    Listed for Rent $500 / week
  • 06 Jun 2021
    Sold for $308,900
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About Manor Lakes 3024

The size of Manor Lakes is approximately 16.0 square kilometres. There are 9 parks, covering nearly 2.3% of the total area. The population of Manor Lakes in 2016 was 23273 people. By 2021 the population was 12675 showing a population decline of 45.5% in the area during that time. The predominant age group in Manor Lakes is 30-39 years. Households in Manor Lakes are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Manor Lakes work in a professional occupation.In 2021, 71.30% of the homes in Manor Lakes were owner-occupied compared with 70.00% in 2016.

Manor Lakes has 6,969 properties. Over the last 5 years, Houses in Manor Lakes have seen a 10.57% increase in median value, while Units have seen a 6.05% increase. As at 31 August 2026:

  • The median value for Houses in Manor Lakes is $664,705 while the median value for Units is $531,564.
  • Houses have a median rent of $470 while Units have a median rent of $440.
There are currently 75 properties listed for sale, and 52 properties listed for rent in Manor lakes on OnTheHouse. According to Cotality's data, 499 properties were sold in the past 12 months in Manor lakes.

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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.