FOR SALE
$745,000 - $775,000

37 David Street
Lalor VIC 3075

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 107m2
Land area: 674m2
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Large flat block with development potential

We are pleased to bring to your attention an exceptional investment opportunity situated at 37 David Street in Lalor. This property represents a distinguished prospect for discerning investors and developers.
Key Highlights:
Strategic Location: Positioned within Lalor, 37 David Street enjoys a strategic location offering convenient access to essential amenities, educational institutions, recreational facilities, and seamless connectivity to Melbourne's central business district. Lalor's burgeoning prominence as a desirable residential locale further enhances the investment appeal of this property.
Investment Potential: With meticulously crafted plans and fully endorsed permits for the development of three townhouses, this property epitomizes a turnkey investment proposition. Its pre-approved development status underscores the potential for substantial returns on investment within a dynamic and evolving real estate landscape.
Versatile Zoning: Benefitting from a zoning classification conducive to residential development, this property affords investors a versatile canvas to implement diverse investment strategies. Whether envisaging rental income streams, resale opportunities, or long-term capital appreciation, the property's zoning flexibility accommodates varied investment
For comprehensive insights or to arrange an on-site inspection, please avail yourselves to contact us promptly. Given the fervent demand for such prime opportunities, prompt action is advisable to secure involvement in this prestigious venture.
Sales Executive: Cheryl Freshwater
Phone: 0405 134 329
Sales Executive: Dev Sareen
Phone: 0420 652 850
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Property Details for 37 David St, Lalor

37 David St, Lalor is a 3 bedroom, 1 bathroom House. The property has a land size of 674m2 and floor size of 107m2. The place is currently for sale with Raine & Horne Glenroy.

Building Type
House
Floor Size
107m2
Land Size
674m2

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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 9,972 properties. Over the last 5 years, Houses in Lalor have seen a 13.27% increase in median value, while Units have seen a 20.65% increase. As at 30 November 2024:

  • The median value for Houses in Lalor is $688,476 while the median value for Units is $504,410.
  • Houses have a median rent of $510 while Units have a median rent of $460.
There are currently 40 properties listed for sale, and 26 properties listed for rent in Lalor on OnTheHouse. According to CoreLogic's data, 375 properties were sold in the past 12 months in Lalor.

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Cheryl Freshwater
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Dev Sareen
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Raine & Horne Glenroy
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