Dalton RoadLalor VIC 3075
Property Details for 1-4/173 Dalton Rd, Lalor
1-4/173 Dalton Rd, Lalor is a 7 bedroom, 4 bathroom Unit. The property has a land size of 720m2.
Last Listing description (July 2024)
A truly rare and exclusive investment opportunity to purchase a whole block of units all on one title sitting on a corner block land approx 720m2 of prime real estate.
With a current rental of approx $62,784 per annum, this superb investment opportunity offers the astute buyer an instant rental yield / great cash flow or LANDBANK for future capital growth, with excellent scope to increase returns or the possibility to strata title or redevelopment (STCA)
Conveniently positioned in location that is very desirable for tenants, within close proximity to Dalton Village and Lalor Plaza, public transport, local schools, recreational facilities and easy access to major road arterials including M80 Ring Road Network.
Comprising
Unit 1- 3, 2 bedrooms, open plan living, well appointed kitchen, bathroom with laundry facilities
Unit 4, 1 bedroom, open plan living, well appointed kitchen, bathroom with laundry facilities
Property History for 1-4/173 Dalton Rd, Lalor, VIC 3075
- 20 Mar 2024Listed for Sale Not Disclosed
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0About 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 9,961 properties. Over the last 5 years, Houses in Lalor have seen a 15.61% increase in median value, while Units have seen a 20.23% increase. As at 31 October 2024:
- The median value for Houses in Lalor is $688,714 while the median value for Units is $505,266.
- Houses have a median rent of $510 while Units have a median rent of $460.
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