101 Young RoadLambton NSW 2299
Property Details for 101 Young Rd, Lambton
101 Young Rd, Lambton is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1950. The property has a land size of 483m2 and floor size of 95m2. While the property is not currently for sale or for rent, it was last sold in December 2018.
Last Listing description (February 2023)
Presenting an exciting real estate prospect in a popular location, this classic weatherboard residence is positioned on an under-capitalised 499sqm corner parcel of land, this home is ready for a full renovation or a complete rebuild. Capitalise on the potential of this residence in a great setting with alternate options to further enhance the existing property and build the rear dwelling and subdivide on completion. With all the hard work already done, build your dream home and either keep the second dwelling for investment or sell one or both.
Recreate or develop with current DA approval for a two-lot subdivision and the erection of two architecturally designed freestanding 4-bedroom homes. Each home includes up to the minute interiors, double garage, robed bedrooms served by two bathrooms and a sought after second living space upstairs.
A popular suburb with families, Lambton is home to a magnificent park incorporating a children's play area, bowling greens, tennis courts, cricket, soccer and rugby league fields as well as neighbouring Olympic size swimming pool. It is also well located for momentary access to the University of Newcastle and John Hunter Hospital and offers easy access to Newcastle CBD, Hunter Expressway and M1 Pacific Motorway.
- Perfect to extend and build your forever family home
- DA approval for two new homes designed by EJE Architecture
- 499sqm corner block with second frontage to Belford Road and rear lane access
- Existing 3-bedroom home currently tenanted at $455PW
- Excellent location between Lambton and New Lambton's popular villages
- Newcastle Uni is just 3km approx. and Lambton has its own primary/high schools
- Excellent opportunity for property developers, investors and families alike
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Property History for 101 Young Rd, Lambton, NSW 2299
- 08 Nov 2022Listed for Sale $685,000 - $715,000
- 21 Dec 2018Sold for $730,000
- 08 Dec 2017Listed for Sale For Sale $690,000 - $740,000
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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 2,708 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.
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