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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
Local Government
Newcastle
Lot/Plan
2/DP34519

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 5,156 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 30 properties listed for sale, and 11 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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