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Sold on 04 Apr 2024 for $820,000

74 Hobart Road
New Lambton NSW 2305

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Land area: 565m2
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Property Details for 74 Hobart Rd, New Lambton

74 Hobart Rd, New Lambton is a 2 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 565m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 2 bedroom House sold in New Lambton in the last 12 months.

Building Type
House
Land Size
565m2

Last Listing description (April 2024)

Located on a level 537m2 block, in a convenient and sought after location, this original Federation era home is currently set up as 2 x 1-bedroom flats. The original features are intact throughout, and it is easily converted back to a single home. It needs renovating but the result will be amazing. At this price it would also be an ideal knock down & rebuild opportunity. This property has something for everyone.

• Federation era property currently divided into 2 x 1-bedroom flats.
• Easly converted back into 1 home – requires renovation.

• Original features are intact throughout – fireplaces, ceilings, woodwork.
• Drive access to single garage and large back yard.
• Ideally located within walking distance to New Lambton shopping.
• Parks, cycleway, schools, pubs, clubs and council pool nearby
• Perfect site for a knock down/ rebuild opportunity
• Excellent investment with plenty of rental upside.
• This will attract lots of attention so don't delay your inspection.

Council Rates: $2,576 PA approx
Water Rates: $908 + Usage PA approx
Rental Potential: $490 PW approx

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Property History for 74 Hobart Rd, New Lambton, NSW 2305

A timeline of how this property has performed in the market
Last Sold
$820,000
04 Apr 2024
  • 05 Apr 2024
    Sold for $820,000
  • 28 Dec 1978
    Sold for $29,500

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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 5,200 properties. Over the last 5 years, Houses in New Lambton have seen a 63.67% increase in median value, while Units have seen a 44.40% increase. As at 30 November 2024:

  • The median value for Houses in New Lambton is $1,095,585 while the median value for Units is $651,585.
  • Houses have a median rent of $695 while Units have a median rent of $525.
There are currently 24 properties listed for sale, and 3 properties listed for rent in New lambton on OnTheHouse. According to CoreLogic's data, 200 properties were sold in the past 12 months in New lambton.

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