Parkland At Your Back Gate - Walk To Lalor Station - Permit For Two Homes

Positioned in a convenient Lalor pocket with parklands at your doorstep, 38 Teal Crescent presents an outstanding opportunity for homeowners, investors and developers alike.

The existing residence offers comfortable living with ducted heating and split-system heating and cooling, complemented by a versatile sunroom/family room providing valuable additional space. A single garage and generous backyard add to the practicality, while direct access from the rear to the adjoining VR Michael Reserve creates a fantastic connection to open parkland.

For investors and developers, the property comes with plans and permits already approved for a duplex development, providing a significant head start for those looking to capitalise on the site's potential. In the meantime, the property can be leased at an estimated $520 per week, providing a rental return while plans are put into action.

Conveniently located close to Lalor Station, Epping Plaza and Costco, with local schools, shops, transport and parklands all within easy reach, this is an opportunity that combines immediate rental income with exciting future potential.

Existing home. Current rental income. Approved plans and permits. Outstanding development potential.•

** Please note; some images have been digitally staged **

PHOTO ID REQUIRED
Our new open for inspection regulations now require you to provide us with a photo ID before you can enter the property.
If you would like to view our privacy policy, please refer to the link below:

Franchisee Privacy Policy and Privacy Collection Notice - https://www.raywhite.com/franchisee-privacy-policy/

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

Due diligence checklist for home and residential property buyers.

Explore the area

School catchments

Peter Lalor Secondary College Secondary 10-12 Government 0.77km
St Catherine's School Primary Prep-6 Catholic 1.1km
Lalor Gardens Primary School Primary Prep-6 Government 1.2km
Lalor North Primary School Primary Prep-6 Government 1.2km
St Luke's School Primary Prep-6 Catholic 1.3km
Lalor Primary School Primary Prep-6 Government 1.4km
Y Community School Secondary 10-12 Independent 1.5km
St Monica's College - Dalton Road Campus Secondary Catholic 1.6km
St Peter's School Primary Prep-6 Catholic 1.7km
Lalor North Secondary College Secondary 7-12 Government 1.8km
Lalor Secondary College Secondary 7-12 Government 1.8km
St Monica's College - Davisson Street Secondary 7-12 Catholic 1.8km
Epping Primary School Primary Prep-6 Government 2.1km
Yea High School-Memorial Hall campus Secondary Government 2.2km
Thomastown Secondary College Secondary 7-12 Government 2.2km
Thomastown West Primary School Primary Prep-6 Government 2.3km
Thomastown East Primary School Primary Prep-6 Government 2.3km
Thomastown Primary School Primary Prep-6 Government 2.3km
St Clare's School Primary Prep-6 Catholic 2.4km
Lalor East Primary School Primary Prep-6 Government 2.4km
Epping Secondary College Secondary 7-12 Government 2.5km
Epping Primary School-Greenbrook Campus Primary Government 2.6km
St John XXIII Primary School Primary Prep-6 Catholic 2.9km
Thomastown Meadows Primary School Primary Prep-6 Government 3.0km
William Ruthven Secondary College Secondary 7-12 Government 3.9km
Mill Park Secondary College Secondary 7-12 Government 4.2km
Al Siraat College - Online College Combined Independent 4.6km
Al Siraat College Combined Prep-12 Independent 4.6km
Mill Park Secondary College-Senior Campus Secondary Government 4.7km
Charles La Trobe P-12 College-Pavilion - The Edge South Morang Campus Combined Government 5.0km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.