FOR SALE
$850,000

4 Duncan Road
Lalor VIC 3075

Bedrooms: 4
Bathrooms: 1
Car spaces: 2
Land area: 588m2
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Growth Zone with Approved plans and Permits

Attention all developers and investors! This prime piece of real estate in Lalor offers a fantastic opportunity to take advantage of a ready-to-go development project. Located on a 588m² allotment in a Residential Growth Zone, this property comes complete with approved plans and permits for three modern townhouses-two featuring three bedrooms and one with two bedrooms.
Why You'll Love It:
• Unbeatable Location: Minutes from Lalor train station, Pacific Epping shopping centre, High Street shops, schools, and other essential amenities. The convenience offered by this location is unmatched.
• Flexible Development Potential: With plans and permits already secured, you can hit the ground running with your development project. Alternatively, the existing home is perfect for a renovation, rebuild, or move-in scenario.
• Rental Income: The property is currently tenanted, offering an immediate income stream for investors while development plans are finalised.
• Comfortable Living: The current brick home features four generous bedrooms with built-in robes, a central bathroom, a spacious living room, and a bright kitchen with ample storage and a dishwasher. The separate dining area is perfect for family meals.
• Expansive Backyard: A large backyard offers plenty of space for outdoor activities, complete with an undercover entertaining area and garage.
This is a rare opportunity to secure a property with immense potential in a high-growth area. Act now and make 4 Duncan Road, Lalor your next successful project!
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Due diligence checklist - consumer.vic.gov.au/duediligencechecklist
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Property Details for 4 Duncan Rd, Lalor

4 Duncan Rd, Lalor is a 4 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 588m2. The place is currently for sale with Harcourts Rata & Co.

Building Type
House
Land Size
588m2

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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 9,921 properties. Over the last 5 years, Houses in Lalor have seen a 18.96% increase in median value, while Units have seen a 20.43% increase. As at 30 September 2024:

  • The median value for Houses in Lalor is $689,075 while the median value for Units is $500,001.
  • Houses have a median rent of $500 while Units have a median rent of $460.
There are currently 66 properties listed for sale, and 36 properties listed for rent in Lalor on OnTheHouse. According to CoreLogic's data, 359 properties were sold in the past 12 months in Lalor.

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Mario Tucci
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