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Overview
35 Cole Street in Laverton presents a prime development opportunity for investors, developers, and buyers seeking strong future potential combined with attractive rental prospects. This property is set on a generous 542 square metre block, featuring a solid and functional three-bedroom home with a renovated kitchen. The expansive backyard offers scope for further development, with proposed plans available for an additional dwelling at the rear, subject to council approval (STCA).
The existing home is ideal for generating immediate rental income while exploring the possibilities to add value through development. Its layout includes three spacious bedrooms, a central bathroom, and a generous lounge with an open-plan living and dining area, creating a comfortable and versatile living environment. The sizable backyard not only provides family-friendly outdoor space but also includes a shed and carport with additional driveway parking, enhancing practicality.
Located in a convenient pocket of Laverton, the property boasts accessibility to key amenities including Laverton Train Station, local schools, shops, parklands, and the Laverton Market. The proximity to major freeway connections enables straightforward travel to Melbourne CBD, approximately 25 kilometres away, reinforcing the location’s desirability for families, professionals, and investors alike.
Whether seeking a stable investment with rental returns, a home with ample outdoor space, or a property with promising development potential, 35 Cole Street offers a rare combination of land size, location, and future growth that is hard to come by in this area. Interested buyers are encouraged to consider this opportunity thoughtfully, noting that development plans depend on relevant approvals and due diligence.
Local Market Insights
In Laverton, Quiet Listings observed 28 new houses entering the market over the last 30 days, down from 42 during the previous 30-day period, with an average advertised asking price of $755,714. The property type mix of listed properties is predominantly Houses at 70%, followed by units (10%), and villas (10%). The most active agency for houses in the Laverton area is currently Sweeney Estate Agents, representing 32% of new listings, followed by Your Property Agent with 14%. 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
Market Insights for Laverton VIC 3028
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