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Sold on 31 Jul 2024 for $599,000

5/185 Kings Road
New Lambton NSW 2305

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 5/185 Kings Rd, New Lambton

5/185 Kings Rd, New Lambton is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 2 bedroom Unit sold in New Lambton in the last 12 months.

Building Type
Unit
Local Government
Newcastle
Lot/Plan
5/SP70503

Last Listing description (July 2024)

Welcome to this meticulously presented home, perfect for first home buyers, downsizers or astute investors seeking low-maintenance living in a boutique-style complex. This modern brick and tile villa, part of a boutique complex of only five homes, is ideally suited for those looking for a peaceful and private setting.

Featuring two spacious bedrooms with built-in wardrobes, the main bedroom opens onto a paved courtyard, providing a serene outdoor escape. The centrally located, well-appointed bathroom offers convenience for residents and guests alike. The open-plan living room, bathed in natural light, is equipped with air conditioning, creating a lovely space to relax and unwind. The modern, functional kitchen boasts a breakfast bar, perfect for casual dining and entertaining.

Enjoy the convenience of internal access from the single garage, which includes an automatic remote door and a separate laundry. Bask in the sunshine or entertain year-round in the generous-sized, covered rear courtyard. Energy efficiency is enhanced with the installation of solar panels, ensuring low-cost electricity.

This well-presented and maintained home is move-in ready while also providing the opportunity to enhance its value through modern updates. Currently tenanted until June at $495 per week, this property offers an immediate rental income opportunity. Perfectly positioned in a central location, this home provides easy access to local amenities, making it a prime choice for those seeking comfort, convenience, and charm.

Don't miss out on this unique opportunity to own a charming, low-maintenance home in a sought-after location!

Zoned for New Lambton South Public School and Kotara High School.

Council rates: $1,630 approximately per annum
Water rates: $795 approximately per annum
Strata rates: $2,425 approximately per annum

Disclaimer:
We have obtained all information provided here from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations and satisfy themselves of all aspects of such information including and without limitation, any income, rentals, dimensions, areas, zoning, inclusions & exclusions.

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Property History for 5/185 Kings Rd, New Lambton, NSW 2305

A timeline of how this property has performed in the market
Last Sold
$599,000
31 Jul 2024
Listed for Rent
$400/w
03 Jun 2021
  • 31 Jul 2024
    Sold for $599,000
  • 15 Jul 2024
    Listed for Sale $599,000
  • 13 May 2021
    Listed for Rent $400 / week
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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 5,157 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 10 properties listed for rent in New lambton on OnTheHouse. According to CoreLogic's data, 196 properties were sold in the past 12 months in New lambton.

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