55 Verulam Rd, Lambton is a 3 bedroom, 1 bathroom House with 5 parking spaces. The property has a land size of 294m2 and floor size of 112m2. While the property is not currently for sale or for rent, it was last sold in December 2022.
Built in the Modernist style, this well maintained, much loved family home is on the market for the first time. It is simply packed with potential. Set on a low maintenance level block in the heart of ever-popular Lambton, it's just waiting for a modern makeover. With some cosmetic touch-ups and maximising the enormous open space on the ground floor, this property could become your dream home.
Entirely function as it is, the home could be leased tomorrow, with a rental potential of approximately $500.00 to $550.00 per week.
It is perfectly positioned for a convenient lifestyle, situated with walking distance to Lambton Park, Lambton Shopping precinct, Lambton High School, public and private primary schools and public transport.
Interior features include:
A comfortable air conditioned lounge room and dining-kitchen
The retro kitchen feels light and bright, and overlooks the landscaped rear garden
Of the three bedrooms. two have built in robes
The family bathroom features a large vanity and shower, with a separate toilet
Large laundry on the ground floor, with separate toilet
The landscaped low maintenance garden is complete with garden sheds
Spacious carport/outdoor living area on the ground level, with plenty of storage
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:
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