SOLD
Sold on 17 Jul 2024 for $900,000

7 Albert Street
Lambton NSW 2299

Bedrooms: 3
Bathrooms: 2
Car spaces: -
Floor area: 92m2
Land area: 679m2
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Property Details for 7 Albert St, Lambton

7 Albert St, Lambton is a 3 bedroom, 2 bathroom House and was built in 1950. The property has a land size of 679m2 and floor size of 92m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 3 bedroom House sold in Lambton in the last 12 months.

Building Type
House
Year Built
1950
Floor Size
92m2
Land Size
679m2
Local Government
Newcastle
Lot/Plan
24/DP36398

Last Listing description (August 2024)

Beautiful northerly light streaming in through large picture windows provides a warm and welcoming ambience inside this classic Lambton home. Featuring an only 12 month old renovated open plan living, three bedrooms and spotless original kitchen and bathroom spaces, the home sits on a laser level 677.3sqm corner block. The best part is how close everything is. The daily school drop-off routine becomes effortless with Jesmond South Public School located a 600m stroll away, while Jesmond Park's playground, sports fields, and bowling club are within convenient reach. Additionally, Lambton station is nearby, providing all the essentials for a relaxed family life. It's just a five-minute drive to Westfield Kotara, and John Hunter Hospital, plus, you can hit the city or the beaches in just over 15 minutes. Currently tenanted with 8 months remaining on the lease paying $500 per week.
There is a DA in council currently for a second dwelling on the property for a two-bedroom one car space home. Potential income of between $470 - $520 per week.

Property History for 7 Albert St, Lambton, NSW 2299

A timeline of how this property has performed in the market
Last Sold
$900,000
17 Jul 2024
  • 17 Jul 2024
    Sold for $900,000
  • 14 Jun 2024
    Listed for Sale $920,000 - $985,000
  • 15 Feb 2024
    Listed for Sale $920,000 - $985,000
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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 2,731 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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