25 Penman Street

New Lambton NSW 2305

COSTING THE CURRENT OWNERS APPROX $820,000, here is an opportunity to secure a fully renovated home for less than it cost the current owner!
Their LOSS is YOUR GAIN with around $160k of renovations and being located in an up and coming section of one of Newcastles premium suburbs, you won't want to take your time to wait and miss this incredible opportunity to purchase. Saving you both the TIME to renovate and MONEY to pay for it, this property will appeal only the most savvy home buyer.

SO WHY ARE THEY SELLING?
The current owners are investors and renovators who are looking to move on with their next project before the market booms again and are therefore willing to take a small loss on this project to move forward.

THE HOME:
This stunningly renovated home features 4 bedrooms, main with ensuite and walk-in wardrobe, spacious open-plan lounge and dining room with split system air conditioning, and galley kitchen with 30mm stone bench tops and island bench with waterfall. French doors provide the perfect indoor/outdoor flow, ideal for entertaining. A fully renovated bathroom and en-suite, plenty of storage space, large backyard, and separate single garage plus plenty of off-street parking top off the quality features of this home.

Currently leased for $655 per week, this would also appeal to an investor looking for a great return and long term growth or a home buyer that wants to secure the property at todays price and move in later.

Key features:
Freshly painted throughout (including garage and laundry)
Brand new galley kitchen including soft-close cabinets, stone bench tops with waterfall feature on the island, under-mount sink, new appliances, and new pendant lights over the island
New hardwood deck at rear connecting to the kitchen with new French doors
Open-plan living area, dining and kitchen
New main bathroom and ensuite (both with waterproofing certificates)
New floating floorboards throughout
New walk-in robe in master bedroom
New full-height mirrored doors in existing built-in robe in master bedroom
Two new built-in robes in the other bedrooms
New ceiling fans in all bedrooms
LED downlights throughout
New venetian blinds on all windows
New front door
New hardwood fence at front with two new gates fully enclosing the property
New garden beds at front and rear
New privacy screen at front entrance
Roof tiles restored and newly pressure washed, re-pointed and painted
New full height laundry cabinet
New sensor lights at front and rear
New floodlights at rear next to deck
Freshly painted concrete at front, rear and garage.

Currently leased for $655 per week to great tenants with a lease up until 20/09/2021, this is an opportunity to purchase a excellent investment in one of Newcastle's top suburbs. Keep as an investment or buy at today's price and move in later.

Positioned on a secure, level 524.8m2 block in one of the most convenient locations in Newcastle, this is a rare opportunity to secure a fine property. A must to inspect!

Call 02 4958 8555 today to book your inspection.

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In compliance with current orders issued by the Department of Fair Trading we are required to record contact details of all parties that attend inspections. All information collected is securely stored and only used for the purpose of COVID-19 contact tracing.

Please refer to health.nsw.gov.au and fairtrading.nsw.gov.au for further information.