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3 Madeira Street, Manor Lakes, Vic 3024 For Sale
3 Madeira Street, Manor Lakes, Vic 3024 3 Madeira Street, Manor Lakes, Vic 3024-Image 3 Madeira Street, Manor Lakes, Vic 3024-Image 3 Madeira Street, Manor Lakes, Vic 3024-Image 3 Madeira Street, Manor Lakes, Vic 3024-Image 3 Madeira Street, Manor Lakes, Vic 3024-Image 3 Madeira Street, Manor Lakes, Vic 3024-Image 3 Madeira Street, Manor Lakes, Vic 3024-Image 3 Madeira Street, Manor Lakes, Vic 3024-Image 3 Madeira Street, Manor Lakes, Vic 3024-Image 3 Madeira Street, Manor Lakes, Vic 3024-Image 3 Madeira Street, Manor Lakes, Vic 3024-Image 3 Madeira Street, Manor Lakes, Vic 3024-Image 3 Madeira Street, Manor Lakes, Vic 3024-Image 3 Madeira Street, Manor Lakes, Vic 3024-Image 3 Madeira Street, Manor Lakes, Vic 3024-Image 3 Madeira Street, Manor Lakes, Vic 3024-Image 3 Madeira Street, Manor Lakes, Vic 3024-Image 3 Madeira Street, Manor Lakes, Vic 3024-Image 3 Madeira Street, Manor Lakes, Vic 3024-Image 3 Madeira Street, Manor Lakes, Vic 3024-Image 3 Madeira Street, Manor Lakes, Vic 3024-Image 3 Madeira Street, Manor Lakes, Vic 3024-Image 3 Madeira Street, Manor Lakes, Vic 3024-Image 3 Madeira Street, Manor Lakes, Vic 3024-Image 3 Madeira Street, Manor Lakes, Vic 3024-Image 3 Madeira Street, Manor Lakes, Vic 3024-Image 3 Madeira Street, Manor Lakes, Vic 3024-Image 3 Madeira Street, Manor Lakes, Vic 3024-Image 3 Madeira Street, Manor Lakes, Vic 3024-Image 3 Madeira Street, Manor Lakes, Vic 3024-Image 3 Madeira Street, Manor Lakes, Vic 3024-Image 3 Madeira Street, Manor Lakes, Vic 3024-Image 3 Madeira Street, Manor Lakes, Vic 3024-Image 3 Madeira Street, Manor Lakes, Vic 3024-Image 3 Madeira Street, Manor Lakes, Vic 3024-Floorplan

3 Madeira Street, Manor Lakes, Vic 3024

Vendor Open to Reasonable Offers !!!

House
Type
5
Bedrooms
5
Bathrooms
2
Parkings
680 m²
Area

Published on Friday, August 21, 2026 ( See property details for 3 Madeira Street, Manor Lakes, Vic 3024)

Vendor Open to Reasonable Offers !!!

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile 5-bedroom house in Manor Lakes offering significant rooming house potential and multiple income streams within a growing community.

🏡 Property Highlights

  • Potential for multiple rental income streams through rooming house configuration
  • Located in a growing and accessible residential community in Manor Lakes
  • Well-suited for investors seeking higher gross rental returns
  • Flexible accommodation strategy subject to approvals and compliance
  • Generous 680 m² block providing ample space for shared living areas
  • Opportunity to generate income from individual room leasing

✨ Key Features

  • Open-Plan Living
  • Outdoor Area
  • Built-in Robes
  • Pet-Friendly
  • Fully fenced
  • Water tank
  • Waterfront / Views
  • Security Screens / Gates
  • Floorboards
  • High energy efficiency

Manor Lakes is a rapidly expanding suburb offering excellent amenities including shopping centres, schools, parks, and public transport. Its strategic location provides easy access to Werribee and Melbourne’s western suburbs, making it ideal for tenants seeking affordable, convenient living options. The community’s growth ensures strong demand for rental properties, particularly those with flexible living arrangements. The area boasts a family-friendly environment with a range of recreational facilities and well-maintained public spaces. Investors benefit from a vibrant, evolving neighbourhood with promising long-term growth potential.

What are the key considerations for converting this property into a rooming house?
Conversion requires adherence to local planning, building, registration, and rooming-house requirements. Investors should obtain necessary approvals and confirm compliance before proceeding.
What is the potential rental income for this property?
Rental income depends on the number of approved rooms, room sizes, furnishings, utilities, and local demand. An independent rental appraisal is recommended for accurate projections.
Are there any restrictions or regulations for leasing rooms individually?
Yes, leasing rooms individually is subject to relevant planning, building, and registration requirements, which must be confirmed with local authorities.
What amenities are available nearby?
The property is close to shopping centres, schools, parks, public transport, and major road connections, supporting convenient living and strong rental demand.
Can this property be used for other purposes besides a rooming house?
Yes, the property can be used as a traditional family home or for other residential purposes, subject to local zoning and planning regulations.
Are there any existing planning or building restrictions that could affect converting the property into a rooming house? What are the current zoning laws and are there any easements or covenants affecting the property? Has the property been inspected for structural issues or defects that could impact its suitability for conversion? Are there any upcoming developments or construction projects nearby that could affect the property's value or livability? What are the ongoing costs associated with maintaining the property, including council rates, utilities, and potential compliance fees?

3 Madeira Street, Manor Lakes, Vic 3024 - More Details

Vendor Open to Reasonable Offers !!!

3 Madeira Street, Manor Lakes presents an exciting opportunity for investors seeking a property with rooming house potential and multiple income streams.
Ideally positioned in a growing residential community, the property offers the potential to provide comfortable accommodation while maximising rental returns through individual room leasing.
The configuration is well suited to the growing demand for affordable, convenient and well-located accommodation.
Rooming House Potential
The property offers the potential to accommodate multiple residents, subject to the relevant planning, building, registration and rooming-house requirements.
Leasing rooms individually may provide an opportunity to generate a higher gross rental return than a conventional whole-property lease, depending on the final approved configuration and achievable room rents.
Shared living, kitchen, bathroom and outdoor areas can provide residents with practical communal facilities while allowing individual occupants to maintain their own private space.
Rental Income Potential
A room-by-room rental strategy can create multiple sources of rental income, reducing reliance on a single tenant.
Potential rental income will depend on the number of approved rooms, room sizes, inclusions, furnishings, utilities, local demand and the final operating model.
Investors should obtain an independent rental appraisal and confirm all applicable rooming-house requirements before relying on projected returns.
Location & Lifestyle
Located in Manor Lakes, the property benefits from a growing residential environment with access to shopping, schools, parks, public transport and major road connections.
The surrounding area offers convenient access to Werribee and Melbourne's western suburbs, supporting demand from workers, students and other residents seeking accessible accommodation.
Why Consider This Opportunity?
Potential for multiple rental income streams
Attractive alternative to a traditional single-tenant rental
Positioned within an established and growing residential community
Potential appeal to investors seeking stronger gross rental returns
Flexible accommodation strategy, subject to approvals and compliance
The Opportunity
3 Madeira Street, Manor Lakes offers investors the potential to create an attractive rooming-house income model in a highly sought-after western Melbourne location.

With the right approvals, management strategy and rental structure, the property has the potential to deliver stronger gross rental income than a conventional residential lease.


DISCLAIMER: All stated dimensions are approximate and pictures are for illustration purposes 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 Checklist:
http://www.consumer.vic.gov.au/duediligencechecklist
An opportunity for investors looking to unlock the property's income potential - inspection is highly recommended.
Type
House
Bedrooms
5
Bathrooms
5
Parkings
2
Area
680 m²

Price guide

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