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 **
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