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Sold on 05 Jun 2024 for $501,000

1/5 Howe Street
Lambton NSW 2299

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 57m2
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Property Details for 1/5 Howe St, Lambton

1/5 Howe St, Lambton is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a floor size of 57m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 2 bedroom Unit sold in Lambton in the last 12 months.

Building Type
Unit
Floor Size
57m2

Last Listing description (June 2024)

This unit offers the best of both worlds, a prime location a short stroll to the beautiful Lambton Park, and maintenance free ground floor living. The unit is currently rented and is the perfect investment opportunity, or would also suit first home buyers and retirees.

The unit boasts two generous bedrooms both with built in wardrobes, modern kitchen, large living room, a neat tiled bathroom, and a separate toilet. The property also includes tiled floors to wet areas and carpet to the bedrooms and living, ceiling fans, single carport, and all part of an established complex of only 6 units.

Close to sought after schools New Lambton Public School (2 mins) and Lambton High School (2 mins), located diagonally opposite Lambton Park, Pool, Tennis Courts, Ovals, and Bowling Club, Elder Street Lambton village shops (2 mins), Wests Club New Lambton (1 min), Regent Street New Lambton village shops and IGA (2 mins), John Hunter Hospital, Newcastle Private Hospital and Mater Hospital (7 mins), while being an easy drive from Newcastle's CBD.

The features of this property are as follows:
- 2 Bedrooms both with built-in wardrobe
- 1 Combined Bathroom & Laundry
- Separate Toilet
- Modern Kitchen
- Large Living Area
- Ceiling Fans
- Air Conditioner
- Single Carport
- Ground Floor Unit
- Established Complex of 6 Units
- Diagonally Opposite Lambton Park, Pool, Tennis Courts, Ovals, & Bowling Club
- Close to Shops, Schools and Transport

Currently rented for $430 per week (lease expires 5.11.2024).
Strata Fees - $675 per quarter.
Council Rates - $404 per quarter.
Water Rates - $253.50 per third + usage approx.

A copy of the contract for sale is available for your information.

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Property History for 1/5 Howe St, Lambton, NSW 2299

A timeline of how this property has performed in the market
Last Sold
$501,000
05 Jun 2024
Listed for Rent
$430/w
20 Oct 2023
  • 12 Jun 2024
    Sold for $501,000
  • 29 May 2024
    Listed for Sale Guide $480,000
  • 20 Oct 2023
    Listed for Rent $430 / week
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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 2,731 properties. Over the last 5 years, Houses in Lambton have seen a 65.64% increase in median value, while Units have seen a 49.62% increase. As at 30 November 2024:

  • The median value for Houses in Lambton is $1,076,654 while the median value for Units is $684,487.
  • Houses have a median rent of $640 while Units have a median rent of $450.
There are currently 8 properties listed for sale, and 2 properties listed for rent in Lambton on OnTheHouse. According to CoreLogic's data, 102 properties were sold in the past 12 months in Lambton.

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Scott Richardson
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