38 Teal Crescent, Lalor, VIC 3075 | House for sale | OnTheHouse
 
FOR SALE
$730K - $770K PLANS AND PERMITS APPROVED

38 Teal Crescent
Lalor VIC 3075

Bedrooms: 3
Bathrooms: 1
Car spaces: 4
Land area: 539m2
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Auction Time
Sat 3 Oct 10:00 am
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Plans, Permits & Parkland Position

Hybrid Auction - On-Site & Online via Anywhere Auctions
Property Address: 38 Teal Crescent, Lalor
Auction to be held on-site, with live online bidding available via Anywhere Auctions
AUCTION BIDDING BY REGISTRATION ONLY!
https://anywhereauctions.com.au/app/property?propertyId=74775
Positioned in a convenient Lalor pocket with parklands at your doorstep, 38 Teal Crescent presents an outstanding opportunity for homeowners, investors and developers alike.
The existing residence offers comfortable living with ducted heating and split-system heating and cooling, complemented by a versatile sunroom/family room providing valuable additional space. A single garage and generous backyard add to the practicality, while direct access from the rear to the adjoining VR Michael Reserve creates a fantastic connection to open parkland.
For investors and developers, the property comes with plans and permits already approved for a duplex development, providing a significant head start for those looking to capitalise on the site's potential. In the meantime, the property is currently leased at $500 per week, providing an immediate rental return while plans are put into action.
Conveniently located close to Lalor Station, Epping Plaza and Costco, with local schools, shops, transport and parklands all within easy reach, this is an opportunity that combines immediate rental income with exciting future potential.
Existing home. Current rental income. Approved plans and permits. Outstanding development potential.•
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Property Details for 38 Teal Cres, Lalor

38 Teal Cres, Lalor is a 3 bedroom, 1 bathroom House with 4 parking spaces. The property has a land size of 539m2. The place is currently for sale with Ray White Mill Park.

Building Type
House
Land Size
539m2
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About Lalor 3075

The size of Lalor is approximately 9.3 square kilometres. There are 27 parks, covering nearly 11.6% of the total area. The population of Lalor in 2016 was 22594 people. By 2021 the population was 23219 showing a population growth of 2.8% in the area during that time. The predominant age group in Lalor is 30-39 years. Households in Lalor are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lalor work in a professional occupation.In 2021, 69.50% of the homes in Lalor were owner-occupied compared with 70.60% in 2016.

Lalor has 10,141 properties. Over the last 5 years, Houses in Lalor have seen a 7.45% increase in median value, while Units have seen a 17.21% increase. As at 31 August 2026:

  • The median value for Houses in Lalor is $758,231 while the median value for Units is $553,849.
  • Houses have a median rent of $550 while Units have a median rent of $495.
There are currently 47 properties listed for sale, and 28 properties listed for rent in Lalor on OnTheHouse. According to Cotality's data, 387 properties were sold in the past 12 months in Lalor.

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Adam Velardi
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Ray White Mill Park
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