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Overview
Situated on a substantial 822 square metre allotment in a rapidly developing area of Lalor, this original 2-bedroom residence offers a unique opportunity for developers, investors, builders, and astute buyers aiming to maximize the potential offered by the land size and its prospects.
The property presents diverse options including complete site redevelopment, retaining the existing dwelling and building an additional residence at the rear, renovating and extending the current home, or leasing the property while planning future projects - all subject to council approval.
The existing structure contains two bedrooms alongside a central bathroom, a practical kitchen, and a living space. A secure garage complements the home, together with an expansive backyard that provides significant scope for future development or landscaping enhancements.
Conveniently located near educational institutions, Lalor Plaza Shopping Centre, public transport options, local parks, and with easy access to the freeway, this offers a rare chance to secure a large parcel of land within one of Melbourne's northern suburbs experiencing notable growth.
Opportunities offering such size and flexibility are increasingly scarce in the current market. Prospective buyers are encouraged to explore the potential of 10 Gratwick Street, Lalor, to unlock its many possibilities.
Local Market Insights
In Lalor, Quiet Listings observed 15 new houses entering the market over the last 30 days, unchanged from 15 in the prior period, with an average advertised asking price of $693,867. The property type mix of listed properties is predominantly Houses at 73%, followed by townhouses (14%), and units (9%). Ray White was the most active agency in this area, representing 47.6% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Lalor VIC 3075
Market Insights for Lalor VIC 3075
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
