38 Teal Cres

Off Market

38 Teal Cres

Lalor VIC 3075

539 m²

House

Last sold for $625,000

Adam Velardi, last sold this property on 03 October 2026 after 23 days on market.

Overview

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/

Features

3 bedrooms

1 bathroom

4 carspaces

1 carport space

2 open car spaces

1 garage space

539 m² lot size

House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Lalor over the last 12 months, the estimated median property value of 38 Teal Cres is $750k.

Median value

$750k

Estimated value range

$580k - $1.11m

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Lalor. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 38 Teal Cres

2026

Sold

$625,000

03 Oct 2026 by Adam Velardi, of Ray White Mill Park

2026

Rented

Undisclosed

Leased on 28 May 2026 by SKAD Real Estate

2026

Rented

Undisclosed

Leased on 27 May 2026 by SKAD Real Estate

Happy sellers in Lalor

92%

92% of sellers in Lalor reported that their sale price either exceeded or met their price expectations.

Lalor stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 60 reviews in Lalor over the last 12 months.

Local market activity for 3 bedroom houses in Lalor

In the last 12 months, 118 three-bedroom houses similar to 38 Teal Cres, have been sold.

This represents a 12% increase in three-bedroom houses sales when compared to the previous 12 months.

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Lalor for a free market appraisal.

Mario Tucci

at Harcourts Rata & Co - Thomastown/Lalor

4.9

(917 reviews)

Get a free market appraisal

Michael Cananzi

at Harcourts Rata & Co - Epping/Wollert

4.9

(456 reviews)

Get a free market appraisal

Ilia Menkinoski

at Harcourts Rata & Co - Mill Park/South Morang

4.8

(259 reviews)

Get a free market appraisal

Paul Rametta

at Harcourts Rata & Co - Thomastown/Lalor

(106 reviews)

Get a free market appraisal

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Lalor

Mario Tucci

Sellers who recommend Mario Tucci have praised them for being clear communication, local expert, responsive, reliable, supportive, honest and friendly

4.9 (917 reviews)
39 Reviews in Lalor
49 Sales in Lalor

View profile

Michael Cananzi

Sellers who recommend Michael Cananzi have praised them for being clear communication, local expert, honest, responsive, supportive, reliable and hard-working

4.9 (456 reviews)
6 Reviews in Lalor
14 Sales in Lalor

View profile

Ilia Menkinoski

Sellers who recommend Ilia Menkinoski have praised them for being clear communication, local expert, reliable, honest, supportive, hard-working and friendly

4.8 (259 reviews)
4 Reviews in Lalor
5 Sales in Lalor

View profile

Paul Rametta

Sellers who recommend Paul Rametta have praised them for being clear communication, local expert, supportive, responsive, friendly, dedicated and hard-working