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34 Michael Street
Lalor VIC 3075

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 635m2
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Prime Investment Opportunity: 34 Michael Street, Lalor

Unlock the potential of this exceptional property at 34 Michael Street, Lalor. Nestled in a highly sought-after location, this 635m² parcel of land presents an outstanding opportunity for investors and builders with a vision for future growth.
The opportunity to construct up to 2 townhouses (STCA) exists on this prime piece of real estate.
Currently featuring a 3-bedroom, 1-bathroom home with a single garage, this property offers a solid foundation for those looking to capitalize on the area's booming market.
Whether you're looking to renovate, knock down and rebuild, develop or build your dream home, this site offers endless possibilities.
Key Features:
Land Size: 635m²
Current Structure: 3 bedrooms, 1 bathroom, 1 garage
Prime Location: Situated in a high-demand area of Lalor
Development Potential: Possible to build 2 townhouses (*STCA*)
Seize this rare opportunity to invest in a premium parcel of land with the potential to generate significant returns. Transform your vision into reality and make a profitable investment in one of Lalor's most desirable neighbourhoods.
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Property Details for 34 Michael St, Lalor

34 Michael St, Lalor is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 635m2. The place is currently for sale with SKAD Real Estate Thomastown.

Building Type
House
Land Size
635m2

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About Lalor 3075

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 2011 was 19,873 people. By 2016 the population was 22,612 showing a population growth of 13.8% 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 trades occupation. In 2011, 73.6% of the homes in Lalor were owner-occupied compared with 70.6% in 2016.

Lalor has 9,931 properties. Over the last 5 years, Houses in Lalor have seen a 21.03% increase in median value, while Units have seen a 24.33% increase. As at 31 August 2024:

  • The median value for Houses in Lalor is $686,850 while the median value for Units is $503,304.
  • Houses have a median rent of $500 while Units have a median rent of $450.
There are currently 44 properties listed for sale, and 16 properties listed for rent in Lalor on OnTheHouse. According to CoreLogic's data, 371 properties were sold in the past 12 months in Lalor.

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Raj Singh
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Jas Dosanjh
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SKAD Real Estate Thomastown
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