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38 Teal Crescent, Lalor, Vic 3075

$625,000

House

Type

Bedrooms

Bathrooms

Parkings

539 m²

Area

Last updated on Wednesday, October 14, 2026 ( See property details for 38 Teal Crescent, Lalor, Vic 3075)

$625,000

View the agent price guide.

Adam Velardi Sales Associate

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AI Property Insight

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

A well-positioned family home in Lalor offering immediate rental income, future development potential, and excellent connectivity to local amenities.

🏡 Property Highlights

Existing home with immediate rental income of $500 per week
Approved plans and permits for duplex development
Prime location near Lalor Station, Epping Plaza, and Costco
Generous backyard with direct access to VR Michael Reserve
Comfortable living with ducted heating and split-system cooling
Versatile sunroom/family room providing additional space

✨ Key Features

Garage
Outdoor Area
Built-in Robes
Open-Plan Living
Waterfront / Views
Security Screens / Gates
Fly Screens
NBN / High-Speed Ready
Fully fenced
Pet-Friendly

Suburb and Property Insights of Lalor, VIC 3075

Lalor is a vibrant suburb renowned for its convenient access to transport, shopping centres like Epping Plaza, and lush parklands such as VR Michael Reserve. It offers a family-friendly environment with excellent local schools and community facilities. The area is ideal for investors and homeowners seeking a blend of lifestyle and growth potential. With ongoing development and strong rental demand, Lalor continues to be a sought-after location for both living and investing.

Frequently Asked Questions

What is the current condition of the property?

The property is well-maintained with a comfortable interior, featuring ducted heating, split-system cooling, and a versatile sunroom. Some images are digitally staged, so a viewing is recommended for full assessment.

What are the future development plans for the site?

The property has approved plans and permits for a duplex development, providing a significant opportunity for investors and developers to maximise the site's potential.

Is the property currently leased?

Yes, the property is leased at $500 per week, offering immediate rental income while development plans are underway.

What amenities are nearby?

The property is conveniently located close to Lalor Station, Epping Plaza, Costco, local schools, shops, transport options, and parklands, including direct access to VR Michael Reserve.

Are there any restrictions or approvals needed for future development?

The property already has approved plans and permits for duplex construction, streamlining the development process.

What to ask about this property to agent?

Are there any additional costs or fees associated with the approved development plans? Have all necessary council approvals and permits been obtained and are they current? Are there any known defects or issues with the existing structure? Is the property located within a flood or bushfire risk zone? Are there any easements, zoning restrictions, or covenants affecting the property? What are the strata or body corporate arrangements, if applicable? Is there any ongoing or upcoming construction or planning activity nearby that could impact the property? Are there any noise or nuisance issues from neighboring properties? What are the terms of the current lease, and are there any restrictions on future use? Are there any hidden costs or ongoing maintenance requirements for the property?

38 Teal Crescent, Lalor, Vic 3075 - More Details

$625,000

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 **

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Type: House
Bedrooms: 3
Bathrooms: 1
Parkings: 4
Area: 539 m²

Price guide

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Map & nearby places — 38 Teal Crescent, Lalor, Vic 3075

Explore 38 Teal Crescent, Lalor, Vic 3075 in 3D

See the photorealistic 3D view of this property and everything around it before you book an inspection.

Photorealistic 3D aerial & street-level flyover
Nearby schools, parks, shopping, transport, health & dining
Walking & driving routes with travel time from the front door
Satellite & hybrid map views, full-screen mode

Costs and returns

Work out what this home could cost you, or earn you, using your own numbers. The calculators run in your browser and keep nothing you type.

School catchments

Government school zones this property is inside, from the outlines we hold. A zone can change, and being in a zone is not a guarantee of a place, so check with the school or the education department.

We do not hold a school zone outline for this address. That does not mean it has no zoned school: use the education department’s school finder to check.

Other schools nearby

Schools within about 5 km that have no enrolment zone, such as Catholic, independent, special and selective schools.

St Luke's School Catholic primary school, Prep-6, co-ed
St Clare's School Catholic primary school, Prep-6, co-ed
St John XXIII Primary School Catholic primary school, Prep-6, co-ed

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38 Teal Crescent, Lalor, Vic 3075

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