40 Cyprus St, Lalor is a 3 bedroom, 1 bathroom House with 4 parking spaces and was built in 1965. The property has a land size of 657m2 and floor size of 120m2. While the property is not currently for sale or for rent, it was last sold in February 2022.
Offering a position in arguably Lalor's best street this home offers an array of opportunities with approved plans for 2 townhomes all set on 654 sqm (approx).
Only moments from Station Street and May Road shops providing quick and easy access to supermarkets, cafes, restaurants, doctors and much more, along with Lalor & Thomastown Train Stations, St Lukes Primary School and much more.
The home itself offers 3 bedrooms, updated kitchen and bathroom, separate living area, meals area, stainless steel kitchen appliances, a separate brick lockup garage and an expansive yard area. Additional features include hardwood timber floors, side driveway and heating & cooling.
The property is currently leased on a month to month basis returning approximately $1,560 pcm.
The approved plans offer the opportunity to construct a duplex with each townhome offering:
Lock Up Garage
Study Nook
Seperate Laundry
Powder Room
Theatre Room / 4th Bedroom
Open Plan Kitchen, Meals and Living Area
Alfresco
Master Bedroom with WIR and Ensuite
2 Additional Bedrooms, both with BIR's
Separate Toilet and Central Bathroom with Shower, Vanity and Bathtub
Retret
Townhome 1 is approximately 28.29sq's & townhome 2 is approximately 28.21sq's
Enquire today to find out more about the existing home or plans and secure this opportunity today.
The size of Lalor is approximately 9.3 square kilometres. It has 27 parks covering nearly 11.6% of 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 10,087 properties. Over the last 5 years, Houses in Lalor have seen a 20.40% increase in median value, while Units have seen a 25.96% increase. As at 30 November 2025:
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