FOR SALE
$790,000 - $850,000

87 Elder Street
Lambton NSW 2299

Bedrooms: 2
Bathrooms: 1
Car spaces: 4
Floor area: 165m2
Land area: 304m2
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Set up your business or invest in the heart of Lambton

Domestic or commercial opportunity situated in the lively heart of Lambton's thriving shopping and dining precinct, where cafes, corner pubs, and specialist stores mingle with essential services and medical suites. This late 1800s terrace, currently set up as office space, is perfectly positioned to bring your business dreams to life. Whether you're envisioning a boutique agency, a medical or legal practice, a retail storefront, or even a trendy co-working space, this property is a versatile canvas ready to accommodate your vision.
With two levels of office space crowned by a flexible loft area, this property sits on a 304sqm block, boasting E1 Local Centre zoning and the convenience of dual access from Kendall Street, currently providing off-street parking.
The options here are plentiful. You could move your business in straight away, taking full advantage of the existing setup. For investors or those with a keen eye on their SMSF, the property offers a solid return of $60,000 - $62,000 net pa + GST. Additionally, there's potential to combine work and living, with the possibility to renovate and reside upstairs while operating your business below, or even extend into the deep block at the rear (STCA).
- 304sqm dual access block with second frontage to Kendall Street
- A unique and versatile historic property free from heritage constraints
- Great exposure to passing traffic and pedestrians while also offering privacy
- 2.8km/6mins – John Hunter Hospital, 3.5km/7mins – University of Newcastle
- 5.4km/11mins – Newcastle CBD, 13km/20mins – M1 & Hunter Expressway
* This information has been prepared to assist solely in the marketing of this property. While all care has been taken to ensure the information provided herein is correct, we do not take responsibility for any inaccuracies. Accordingly, all interested parties should make their own enquiries to verify the information.

Property Details for 87 Elder St, Lambton

Building Type
Commercial
Floor Size
165m2
Land Size
304m2

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About Lambton 2299

The size of Lambton is approximately 2.8 square kilometres. It has 15 parks covering nearly 12.6% of total area. The population of Lambton in 2011 was 5,001 people. By 2016 the population was 4,915 showing a population decline of 1.7% in the area during that time. The predominant age group in Lambton is 40-49 years. Households in Lambton are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lambton work in a professional occupation. In 2011, 60.4% of the homes in Lambton were owner-occupied compared with 61.7% in 2016.

Lambton has 2,709 properties. Over the last 5 years, Houses in Lambton have seen a 69.15% increase in median value, while Units have seen a 48.47% increase. As at 31 October 2024:

  • The median value for Houses in Lambton is $1,073,253 while the median value for Units is $675,238.
  • Houses have a median rent of $630 while Units have a median rent of $450.
There are currently 12 properties listed for sale, and 2 properties listed for rent in Lambton on OnTheHouse. According to CoreLogic's data, 97 properties were sold in the past 12 months in Lambton.

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Tim Lojszczyk
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