38 Teal CrescentLalor VIC 3075
Property Details for 38 Teal Cres, Lalor
38 Teal Cres, Lalor is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1970. The property has a land size of 539m2 and floor size of 126m2. While the property is not currently for sale or for rent, it was last sold in October 2026. There are other 3 bedroom House sold in Lalor in the last 12 months.
Last Listing description (October 2026)
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 can be leased at an estimated $520 per week, providing a 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. ** Please note; some images have been digitally staged ** PHOTO ID REQUIRED
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Property History for 38 Teal Cres, Lalor, VIC 3075
- 04 Oct 2026Sold for $625,000
- 09 Sep 2026Listed for Sale PRIVATE SALE $629,500
- 07 May 2026Listed for Rent $520 / week
Recent sales nearby
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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.
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