FOR SALE
$849,000 - $930,000

306 Newcastle Road
North Lambton NSW 2299

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 888m2
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Prime Development Opportunity in North Lambton!

Seize this exceptional chance to invest in a substantial 899m² block in the heart of North Lambton, to be sold with Development Approval (DA) for three townhouses! This versatile site not only features a modern three-bedroom home, which can help offset holding costs, but also presents incredible potential for developers and investors alike.
Key Features:
- Development Potential: Soon to be DA approved for three townhouses, making this a prime site for savvy buyers looking to capitalize on the booming property market.
- Current Home: Enjoy a contemporary three-bedroom residence with two separate living areas, modern kitchen featuring granite benchtops, and ducted air conditioning.
- Family-Friendly Location: Ideal for medical and teaching professionals due to close proximity to Newcastle University, Calvary Mater, and John Hunter Hospitals.
- Community Amenities: Located near top-notch schools, shops, and lush parklands, perfect for families seeking a vibrant neighborhood.
- Investment Appeal: High demand for spacious homes and townhouses in this sought-after area makes it an investor's dream.
Property Highlights:
- Modern kitchen with ample storage and gas cooktops
- Three bedrooms, two with built-in robes
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Property Details for 306 Newcastle Rd, North Lambton

306 Newcastle Rd, North Lambton is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 888m2. The place is currently for sale with Urban Land Housing - Bella Vista.

Building Type
House
Land Size
888m2

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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 9 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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Lewis Elliott
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Urban Land Housing - Bella Vista
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