FOR SALE
AUCTION

15 Chinchen Street
North Lambton NSW 2299

Bedrooms: 5
Bathrooms: 2
Car spaces: 1
Land area: 397m2
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Auction Time
Sat 9 Nov 9:45 am
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No upcoming inspections scheduled.
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TWO Properties ONE Title with a 6.3% Rental Yield

Introducing an outstanding investment opportunity at 15 Chinchen Street, North Lambton, offering the ultimate in dual key returns. With close proximity to Newcastle CBD, excellent public transport links, and key amenities like the University of Newcastle and John Hunter Hospital, this location offers strong rental demand. Nearby schools and shopping centres, including Jesmond Central, add to its appeal for families and professionals, making it a prime spot for investors seeking solid returns and future growth potential.
Front house- Current leased at $540.00/ week till 6/7/2025.
This lovely home features three spacious bedrooms, with the front bedrooms fitted with built-in robes. Enjoy a central lounge room with split system air conditioning and an updated kitchen offering ample storage. The bright dining area opens through glass sliding doors to a generous timber deck, perfect for entertaining. Freshly painted throughout and recently updated carpet, there is nothing to spend.
The Granny Flat- currently vacant, estimated market rent $550.00/ week.
This modern granny flat, built in 2020, features two spacious bedrooms and a functional kitchen with provisions for a dishwasher. The open-plan living area creates a welcoming feeling, complemented by a well-appointed bathroom and laundry. Additional amenities include air conditioning, electric appliances, built-in wardrobes, and ceiling fans, ensuring comfort throughout the year.
Outgoings:
Council Rates $2162 per annum.
Water Rates $925 per annum (excluding usage).
Investment highlights:
* Median House Sale Price: $844,000, reflecting the area's desirability.
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Property Details for 15 Chinchen St, North Lambton

15 Chinchen St, North Lambton is a 5 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 397m2. The place is currently for sale with CENTURY 21 Novocastrian (Newcastle).

Building Type
House
Land Size
397m2

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About North Lambton 2299

The size of North Lambton is approximately 1.3 square kilometres. It has 12 parks covering nearly 11.6% of total area. The population of North Lambton in 2011 was 3,114 people. By 2016 the population was 3,304 showing a population growth of 6.1% in the area during that time. The predominant age group in North Lambton is 20-29 years. Households in North Lambton are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Lambton work in a professional occupation. In 2011, 64.7% of the homes in North Lambton were owner-occupied compared with 59.5% in 2016.

North Lambton has 1,571 properties. Over the last 5 years, Houses in North Lambton have seen a 73.88% increase in median value, while Units have seen a 50.21% increase. As at 30 September 2024:

  • The median value for Houses in North Lambton is $850,042 while the median value for Units is $575,057.
  • Houses have a median rent of $590 while Units have a median rent of $460.
There are currently 8 properties listed for sale, and 4 properties listed for rent in North lambton on OnTheHouse. According to CoreLogic's data, 68 properties were sold in the past 12 months in North lambton.

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Suburb Insights for North Lambton 2299

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Casey Healey
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CENTURY 21 Novocastrian (Newcastle)
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