OFF MARKET

1A Karoola Road
Lambton NSW 2299

Bedrooms: 6
Bathrooms: 3
Car spaces: 10
Floor area: 110m2
Land area: 4521m2
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Property Details for 1a Karoola Rd, Lambton

1a Karoola Rd, Lambton is a 6 bedroom, 3 bathroom House with 10 parking spaces and was built in 1980. The property has a land size of 4521m2 and floor size of 110m2. While the property is not currently for sale or for rent, it was last sold in June 2020.

Building Type
House
Year Built
1980
Floor Size
110m2
Land Size
4521m2
Local Government
Newcastle
Lot/Plan
20/DP718200

Last Listing description (September 2023)

Expressions of Interest ends 5th June 2020 at 5.00pm (if not sold prior) All interest to be submitted in writing prior to that date.

Claiming a setting like no other in family-friendly Lambton, this ultra-spacious and much-loved family home enjoys absolute privacy on an exceedingly rare 1.1acre block (4,488sqm).

Presenting an extraordinary development opportunity, the level landholding holds potential for multiple dwellings of up to 20 townhouses or multiple 4-bedroom family homes, subject to approval from Newcastle City Council.

Built 1985 and on offer for the first time, the home's flawless interiors were designed with the growing family in mind offering oversized rooms, formal and casual living and dining areas and 6-bedroom, 3-bathroom accommodation. In mostly pristine original condition, a contemporary new kitchen sits at the home's heart, while outdoors multi vehicle parking for a variety of cars and equipment will delight tradesmen and hobbyists. With an option to live in or rent out while you obtain plans and permits for your new development, this home and land package is bursting with potential.

Lambton is a northwestern suburb of Newcastle located eight kilometres from the central business district. Kentish Oval and Richard Ford netball courts along with Lambton swimming pool and popular park are on the doorstep and the cafes and shops of Elder Street just 1km away. The address is in the catchment zone for two of the city's most prized public schools ? New Lambton Public and Lambton High with St John's Primary and St Pius X the local Catholic schools. The University of Newcastle and the region's two major hospitals ? John Hunter and Calvary Mater are all within a 4km radius.

- Double storey brick and tile family home with north to rear aspect
- Double garage attached to home plus separate garaging/carports for multiple vehicles and equipment
- Oversized formal lounge and dining rooms plus relaxed family living and dining
- Sparkling new kitchen with Caesarstone benchtops and electric appliances
- Study plus huge master bedroom with walk-in robe and ensuite on ground floor
- Four robed bedrooms and family bathroom on upper level
- Huge level backyard with enough room for a pool and tennis court (STCA)

Private inspections only

Property History for 1a Karoola Rd, Lambton, NSW 2299

A timeline of how this property has performed in the market
Last Sold
$3,300,000
10 Jun 2020
Listed for Rent
$1.10k/w
21 Jul 2022
  • 04 Sep 2023
    Listed for Sale Not Disclosed
  • 02 Jun 2022
    Listed for Rent $1,100 / week
  • 28 Oct 2021
    Listed for Rent $975 / 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 2,709 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.
There are currently 12 properties listed for sale, and 5 properties listed for rent in Lambton on OnTheHouse. According to CoreLogic's data, 95 properties were sold in the past 12 months in Lambton.

Suburb Insights for Lambton 2299

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.