220 Lambton RoadNew Lambton NSW 2305
Property Details for 220 Lambton Rd, New Lambton
220 Lambton Rd, New Lambton is a 4 bedroom, 1 bathroom House with 3 parking spaces and was built in 1950. The property has a land size of 331m2 and floor size of 109m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 4 bedroom House sold in New Lambton in the last 12 months.
Last Listing description (August 2023)
*One on one, pre-registered inspections only. Please contact the below agent to book your COVID Compliant inspection.
Just 300metres from New Lambton village shops, eateries and highly sought-after school, convenience and lifestyle are part of this highly appealing property. On first impression, this is a classic weatherboard home with gorgeous fretwork, ornate plaster ceilings and elegant leadlight windows providing a glimpse into its period soul. A solid investment for several years with a psychology practice as a happy tenant, this property presents a rewarding investment opportunity along with impressive family credentials to potentially renovate, extend or rebuild (STCA).
Corner block positioned with second frontage to Wallarah Road and parking for three vehicles, the property is currently configured with four consulting rooms, a waiting room, study, kitchenette and two toilets. You may choose to leave as is and accommodate the current tenant or a similar professional practice, while family's will relish the opportunity to make their mark in one of the city's most loved suburbs.
This is a very versatile property in an enviable location awaiting its new enterprising owners.
- Classic weatherboard property on north to rear 331sqm corner block
- Zoned R2 Low Density Residential
- Three designated parking spaces accessed via Wallarah Road
- Tenant on lease until October keen to stay and renew
- Currently returning $1,834 per month
- Two toilets (no shower or bath)
- Fresh paint to all consulting rooms and waiting room
- Air-conditioning to three rooms, gas heating
- Just 2km to John Hunter Hospital
- 6km from Newcastle CBD, harbour and beaches
Outgoings
Council rates: $1,542 approx per annum
Water rates: $737.10 approx per annum
***Health & Safety Measures are in Place for Open Homes & All Private Inspections
***All inspection attendees will have to answer a health and safety survey to qualify for the inspection of the property
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Property History for 220 Lambton Rd, New Lambton, NSW 2305
- 28 Jun 2024Sold for $945,000
- 11 Aug 2023Listed for Sale Not Disclosed
- 31 May 2023Listed for Sale Not Disclosed
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0About 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 5,200 properties. Over the last 5 years, Houses in New Lambton have seen a 70.48% increase in median value, while Units have seen a 47.42% increase. As at 31 August 2024:
- The median value for Houses in New Lambton is $1,088,296 while the median value for Units is $644,534.
- Houses have a median rent of $680 while Units have a median rent of $483.
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