5 Teal Street, Lara, Vic 3212

$579,000 - $636,000

House
Type
4
Bedrooms
2
Bathrooms
2
Parkings
858 mΒ²
Area

Published on Friday, September 25, 2026 ( See property details for 5 Teal Street, Lara, Vic 3212)

$579,000 - $636,000

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

A versatile four-bedroom home on a substantial corner block with exciting future development potential in Lara.

🏑 Property Highlights

  • Generous 858m2 corner allotment with dual street access
  • Potential for future development or subdivision (STCA)
  • Four spacious bedrooms including main with ensuite and built-in robe
  • Multiple living areas offering flexible family space
  • Recently refreshed interior with new carpets and paint
  • Prime location close to Lara's amenities and outdoor recreation

✨ Key Features

  • Built-in Robes
  • Ensuite
  • Open-Plan Living
  • Garage
  • Outdoor Area
  • Waterfront / Views
  • Secure Parking
  • Pet-Friendly
  • Fully fenced
  • Workshop
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5 Teal Street
Lara, VIC 3212
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Vertical aerial view β€” 5 Teal Street
5 Teal Street — Vertical Aerial  •  Lara, VIC 3212  •  Nearmap © 2026

Lara is a vibrant suburb offering a blend of family-friendly amenities and outdoor recreation. Key highlights include proximity to Lara Lake Reserve, Lara Golf Club, and Lara Lake Primary School. The area boasts excellent connectivity via Princes Freeway, providing easy access to Geelong and Melbourne. Residents enjoy a relaxed lifestyle with nearby parks, shopping centres, and community facilities, making Lara an ideal location for families and investors alike.

What is the condition of the property and what updates have been recently made?
The home has been refreshed with new carpets and fresh paint throughout, providing a clean and modern feel while still allowing room for personal updates.
What potential does the property have for future development or subdivision?
The 858m2 corner allotment offers potential for future development or subdivision (STCA), with dual street access enhancing its appeal for investors or developers.
Are there any restrictions or approvals needed for future development?
Future development or subdivision would require approval from local council and compliance with zoning regulations; potential buyers should consult with the relevant authorities.
What are the nearby amenities and transport options?
The property is conveniently located near Lara Shopping Centre, Lara Train Station, primary and secondary schools, Lara Lake Reserve, and has easy access to Princes Freeway for Geelong and Melbourne commutes.
Is the property suitable for families or investors?
With four bedrooms, multiple living areas, and a large yard, the property is ideal for families, while its development potential makes it attractive for investors.
Are there any existing planning restrictions or zoning overlays that could affect future subdivision or development plans? What are the potential costs associated with necessary renovations or upgrades to the bathrooms and kitchen? Are there any easements, covenants, or other legal restrictions on the property that could impact future use? Has the property been affected by any flooding or bushfire risks, and are there relevant reports available? Are there any upcoming planning or construction projects in the area that could impact the property’s value or living environment?

5 Teal Street, Lara, Vic 3212 - More Details

$579,000 - $636,000

Positioned on a generous 858m2 (approx.) corner allotment at the intersection of Teal Street and Swan Street, this property presents an exciting opportunity for buyers looking for space today with plenty of potential for tomorrow. Whether you're a first home buyer, renovator, investor or someone exploring future development possibilities, there is plenty to work with here.

The home itself has already been given a fresh start with new carpets and fresh paint throughout, while still leaving plenty of scope for the next owner to add their own style and improvements over time.

The practical floorplan offers four bedrooms, including a main bedroom with built-in robe and ensuite, with the remaining bedrooms serviced by the central family bathroom and separate toilet. Two separate living areas provide flexibility for families, while the central kitchen connects with the adjoining living and dining space.

The kitchen and bathrooms remain largely original and are ready for their next chapter, making this a home where you can comfortably see the potential without paying for somebody else's renovation.

Outside, the 859m2 (approx.) corner block is the real standout. With frontage and access opportunities from both Teal Street and Swan Street, the property may offer potential for future development or subdivision (STCA), while still providing a substantial established home and yard in its current form. A double carport, separate garage and established gardens add further practicality.

The location places all of Lara's everyday conveniences within easy reach, including Lara Shopping Centre, Lara Train Station, the popular Lara Lake Primary School, a range of other primary and secondary schools, Lara Lake Reserve, Lara Aquatic Centre and Lara Golf Club. Commuting is also made easy, with convenient access to the Princes Freeway providing connections to both Geelong and Melbourne, while the You Yangs and Hovells Creek Reserve offer plenty of options for outdoor recreation nearby.

5 Teal Street is all about seeing the opportunity. There's some work to be done and plenty of room to make it your own, but with four bedrooms, multiple living areas, an 859m2 (approx.) corner allotment and exciting future possibilities (STCA), the foundations are already here.

*Every precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the vendor or agent.*

*Photo ID is required at all open for inspections.*
Type
House
Bedrooms
4
Bathrooms
2
Parkings
2
Area
858 mΒ²

Price guide

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Map & nearby places — 5 Teal Street, Lara, Vic 3212

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