10 Middleton Street, Lalor VIC 3075

750m² block in NRZ | 2-bed original with deck | 5-car lock-up workshop | walk to Lalor Primary | no overlays This property offers a rare combination of a deep 750m² block in a Neighbourhood Residential Zone with no overlays, a 5-car workshop, and an established single-level layout that can be lived in immediately. The configuration is competitively strong for buyers seeking a long-term hold with redevelopment optionality: the 29% site coverage leaves substantial room for extension or a new dwelling, while the existing 2-bed floorplan with outdoor deck suits downsizers, investors, or first-home buyers who want to add value. Its position in a stable, owner-occupied street with walkable access to Lalor Primary and local amenities reinforces demand from families and steady rental tenants. The primary risk is the 2-bed, 1-bath configuration, which limits appeal in a market where 3-bed homes command premium pricing and faster turnover. Renovation costs to add a third bedroom or second bathroom must be weighed against the $680k–$748k guide, as comparable renovated homes on similar blocks have sold above $1M. The opportunity lies in the block’s depth and the workshop,convertible to additional living space or a studio,and the absence of overlays simplifies council approvals. Hold this property as a renovation project or land bank, with a medium-term view to either extend or redevelop when market conditions favour a larger home.