38 Teal Crescent, Lalor, Vic 3075

$730K - $770K PLANS AND PERMITS APPROVED

House
Type
3
Bedrooms
1
Bathrooms
4
Parkings
539 m²
Area

Published on Wednesday, September 09, 2026 ( See property details for 38 Teal Crescent, Lalor, Vic 3075)

$730K - $770K PLANS AND PERMITS APPROVED

  • 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
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38 Teal Crescent
Lalor, VIC 3075
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Vertical aerial view — 38 Teal Crescent
38 Teal Crescent — Vertical Aerial  •  Lalor, VIC 3075  •  Nearmap © 2026

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.

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.
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

$730K - $770K PLANS AND PERMITS APPROVED

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!


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.•

** 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

View Statement Of Information

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Inspections times

  • Inspection Sat 12 Sep 1:00 pm

    Saturday 12 September
    1:00 pm - 1:30 pm
  • Inspection Wed 16 Sep 5:00 pm

    Wednesday 16 September
    5:00 pm - 5:30 pm
  • Inspection Sat 19 Sep 12:00 pm

    Saturday 19 September
    12:00 pm - 12:30 pm
  • Inspection Wed 23 Sep 5:00 pm

    Wednesday 23 September
    5:00 pm - 5:30 pm
  • Inspection Sat 26 Sep 10:00 am

    Saturday 26 September
    10:00 am - 10:30 am

Auctions

  • 38 Teal Crescent, Lalor, Vic 3075

    Saturday 3 October
    10:00 am
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