OFF MARKET

1/187 Kings Road
New Lambton NSW 2305

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 80m2
Land area: 994m2
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Last updated 11 Nov 2024
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Property Details for 1/187 Kings Rd, New Lambton

1/187 Kings Rd, New Lambton is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1998. The property has a land size of 994m2 and floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in November 2021.

Building Type
Unit
Year Built
1998
Floor Size
80m2
Land Size
994m2
Local Government
Newcastle
Lot/Plan
1/SP57057

Last Listing description (December 2021)

Presenting a single level 2 bedroom villa in an ultra convenient location. Situated in a sought after pocket of New Lambton, in catchment for premier schools, walking distance to shops, bus stops and railway station and only a 7 minute drive to the heart of the city and beaches. Positioned at the front of the development, the home is well appointed and has an excellent long-term tenant residing in the property for 5 years paying $400 PW (lease expires 18th Jan 2022). This property purchase is an ideal opportunity to invest or first home close to the city and offers low maintenance, private and secure city living.

* 2 bedrooms, both with built-in robes.
* Private front yard.

* Combined lounge and dining.
* Air-conditioned living space.
* Brick veneer and tile construction.
* Existing 5 year tenant currently paying $400 PW.
* Current lease expires 18th Jan 2022.

Council Rates: $1489.84 PA approx
Water Rates:
$649.59 + Usage PA approx.
Strata Levies: $783.22 PQ approx
Current Rent: $400 PW approx

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Property History for 1/187 Kings Rd, New Lambton, NSW 2305

A timeline of how this property has performed in the market
Last Sold
$560,000
05 Nov 2021
Listed for Rent
$360/w
08 Jul 2016
  • 05 Nov 2021
    Sold for $560,000
  • 20 Oct 2021
    Listed for Sale For Sale Guide $545,000
  • 15 Sep 2016
    Sold for $380,000
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About New Lambton 2305

The size of New Lambton is approximately 5.5 square kilometres. It has 29 parks covering nearly 38.8% of total area. The population of New Lambton in 2011 was 9,758 people. By 2016 the population was 10,052 showing a population growth of 3.0% in the area during that time. The predominant age group in New Lambton is 40-49 years. Households in New Lambton are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in New Lambton work in a professional occupation. In 2011, 68.7% of the homes in New Lambton were owner-occupied compared with 68.1% in 2016.

New Lambton has 5,150 properties. Over the last 5 years, Houses in New Lambton have seen a 64.66% increase in median value, while Units have seen a 46.25% increase. As at 31 October 2024:

  • The median value for Houses in New Lambton is $1,083,403 while the median value for Units is $651,677.
  • Houses have a median rent of $680 while Units have a median rent of $520.
There are currently 31 properties listed for sale, and 6 properties listed for rent in New lambton on OnTheHouse. According to CoreLogic's data, 195 properties were sold in the past 12 months in New lambton.

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