4 Serpentine Court, Lalor VIC 3075

Good bones on paper | site coverage tight at 71% | rental yield under 4% caps upside | 298sqm block limits future extension The site coverage of 71 percent leaves minimal room for extension or outdoor reconfiguration which caps your rennovation upside unlike a house on a larger block. With a rental yield around 3.96 percent this property works better as a long-term hold for stability than a flip for fast equity gain. If you are buying to live in and improve gradually this holds firm but if capital growth is the primary goal tread carefully given the neighbouring 4a Serpentine Court is listed higher showing market optimism may be pricing in more than this block can deliver. The three-bedroom layout with two living areas and an open fireplace is rare for a 298sqm block in Lalor and gives you functional family space without the maintenance of a quarter-acre. Ducted heating and split system cooling plus reliable FTTP and 5G mean the house is move-in ready with no immediate capital outlay on services. This property suits a buyer wanting a low fuss home in a quiet cul-de-sac near primary and secondary schools where owner occupier density at 71 percent supports stable street values. Three comparable sales in the street confirm the 2016 purchase at 380k has tracked roughly in line with Lalor’s median growth though the tighter site here means you are buying the house not the land which limits long term land banking potential. Act now to inspect and test if the floor plan and site ratio fit your living needs before market demand pushes prices beyond your range.