37 David Street, Lalor, VIC 3075
- 3
- 1
For Sale
$715,000 - $750,000
Investor Opportunity or Renovator in a Prime Location
We are pleased to bring to your attention an exceptional investment opportunity situated at 37 David Street in Lalor. This property represents a distinguished prospect for discerning investors and developers.
Key Highlights:
Strategic Location: Positioned within Lalor, 37 David Street enjoys a strategic location offering convenient access to essential amenities, educational institutions, recreational facilities, and seamless connectivity to Melbourne's central business district. Lalor's burgeoning prominence as a desirable residential locale further enhances the investment appeal of this property.
Investment Potential: With meticulously crafted plans and fully endorsed permits for the development of three townhouses, this property epitomizes a turnkey investment proposition. Its pre-approved development status underscores the potential for substantial returns on investment within a dynamic and evolving real estate landscape.
Versatile Zoning: Benefitting from a zoning classification conducive to residential development, this property affords investors a versatile canvas to implement diverse investment strategies. Whether envisaging rental income streams, resale opportunities, or long-term capital appreciation, the property's zoning flexibility accommodates varied investment objectives.
Townhouse Development: The endorsed plans for three contemporary townhouses exemplify thoughtful design principles tailored to meet contemporary market demands. Each residence embodies a synthesis of modern aesthetics, spatial efficiency, and functional design, ensuring broad market appeal to prospective buyers or tenants.
Development Readiness: With plans and permits in hand, investors are poised to streamline the development process, bypassing protracted approval procedures and expediting project realization. This streamlined approach affords investors a competitive edge, facilitating expedient capitalization on investment and realization of financial objectives.
We cordially invite you to seize this unparalleled opportunity to participate in a pre-approved development project poised for success. Whether seasoned developers or astute first-time investors, stakeholders stand to benefit from the auspicious potential presented by 37 David Street Lalor.
For comprehensive insights or to arrange an on-site inspection, please avail yourselves to contact us promptly. Given the fervent demand for such prime opportunities, prompt action is advisable to secure involvement in this prestigious venture.
Sales Executive: Cheryl Freshwater
Phone: 0405 134 329
Sales Executive: Dev Sareen
Phone: 0420 652 850
Got a property to sell? Contact us for a free Request Appraisal
- Property ID: L27481005
- Property Type:House
- Building / Floor Area:107 sqm
- Land Area:674 sqm
We Know Your Area
R&H Suburb Summary | Houses |
---|---|
Number of sales | 259 |
Average Price | $698,907 |
Median Price | $681,500 |
Median Rental Price | $480 p.w. |
Change in Rental Rate (5yr) | 30 % |
R&H Suburb Summary | Units |
---|---|
Number of sales | 50 |
Average Price | $536,815 |
Median Price | $497,500 |
Median Rental Price | $430 p.w. |
Change in Rental Rate (5yr) | 26 % |