FOR SALE
$1,780,000 to $1,850,000

25 Spruce Street
North Lambton NSW 2299

Bedrooms: 7
Bathrooms: 7
Car spaces: 6
Land area: 1012m2
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Great Investment Opportunity, Good Block & Location.

This property has seven, one bedroom units returning $2,655 per week. They have all had some work done over time and are all comfortable 1 bedroom units, there are carports for four vehicles and two extra car spaces. All on one title, it is Torrens Title so no Strata Fees.
The accommodation is set on generous grounds of 1012sqm. This street is just minutes down to Lambton Shopping Village and Lambton Park and Pool..
This property has:
* 7 one bedroom units,
* Open Living Areas in six of the units,
* Separate Kitchen and lounge in Unit 6,
* Sunny Front Verandah Unit 6,
* Plenty of outdoor space for all tenants,
* 4 Carports, 2 Parking spaces,
* Shared Laundry Facility,
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Property Details for 25 Spruce St, North Lambton

25 Spruce St, North Lambton is a 7 bedroom, 7 bathroom BlockOfUnits with 6 parking spaces. The property has a land size of 1012m2. The place is currently for sale with Elders Real Estate Newcastle & Lake Macquarie.

Building Type
BlockOfUnits
Land Size
1012m2

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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 70.63% increase in median value, while Units have seen a 48.28% increase. As at 31 October 2024:

  • The median value for Houses in North Lambton is $845,509 while the median value for Units is $575,685.
  • Houses have a median rent of $600 while Units have a median rent of $445.
There are currently 8 properties listed for sale, and 2 properties listed for rent in North lambton on OnTheHouse. According to CoreLogic's data, 66 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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Steve Cucumanovski
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Elders Real Estate Newcastle & Lake Macquarie
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