SOLD
Sold on 15 Jul 2024 for $1,036,000

19 Faulkner Crescent
North Lambton NSW 2299

Bedrooms: 1
Bathrooms: 2
Car spaces: 2
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Property Details for 19 Faulkner Cres, North Lambton

Building Type
Commercial
Year Built
1994
Local Government
Newcastle
Lot/Plan
22/DP825947

Last Listing description (July 2024)

Versatile Family Home Near University of Newcastle

Welcome to your next investment opportunity or family haven! This spacious brick residence with a Colorbond roof boasts versatility and convenience, situated in the sought-after Faulkner Crescent neighborhood, just a stones throw away from the University of Newcastle. Currently leased as student room accommodation.

Key Features:
• Flexible Floor Plan: With its expansive layout, this home offers endless possibilities. Currently configured with 4 bedrooms, it can easily accommodate more, making it ideal for growing families or savvy investors looking to maximize rental income.

• Self-Contained Ground Floor: The ground floor is a standout feature, featuring a full kitchen, dining area, bathroom, living space, and a bedroom with separate access. This space is perfect for accommodating guests, creating a rental unit, or providing privacy for live-in family members.
• Modern Amenities: Enjoy the comfort of polished floorboards throughout the open-plan living and dining areas, a large timber kitchen with a walk-in pantry, and a 3-way bathroom for added convenience. Air conditioning and ceiling fans ensure year-round comfort.
• Outdoor Living: Relax and unwind on the L-shape verandah, offering a tranquil outlook over North Lambton.
• Convenient Parking: The property features a double garage with remote door and internal access, plus a carport, providing ample parking space for vehicles.

Location Benefits:
Situated in the heart of a popular university rental area, this home offers proximity to educational institutions, making it an attractive option for students and investors alike. Faulkner Crescent is known for its vibrant community and convenient access to amenities, ensuring a desirable lifestyle for residents.

Don't Miss Out:
Whether you're looking to move in with your family or capitalize on the high demand for rental properties in the area, this home presents an unmissable opportunity. Schedule a viewing today to experience all that this versatile property has to offer!

Property History for 19 Faulkner Cres, North Lambton, NSW 2299

A timeline of how this property has performed in the market
Last Sold
$1,036,000
15 Jul 2024
  • 15 Jul 2024
    Sold - Price Undisclosed
  • 13 Jun 2024
    Listed for Sale Price Guide $990,000 - $1,080,000
  • 14 Apr 2020
    Listed for Rent $850 Per Week
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About North Lambton 2299

The size of North Lambton is approximately 1.3 square kilometres. It has 12 parks covering nearly 11.6% of total area. The population of North Lambton in 2011 was 3,114 people. By 2016 the population was 3,304 showing a population growth of 6.1% in the area during that time. The predominant age group in North Lambton is 20-29 years. Households in North Lambton are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Lambton work in a professional occupation. In 2011, 64.7% of the homes in North Lambton were owner-occupied compared with 59.5% in 2016.

North Lambton has 1,595 properties. Over the last 5 years, Houses in North Lambton have seen a 69.26% increase in median value, while Units have seen a 45.15% increase. As at 30 November 2024:

  • The median value for Houses in North Lambton is $855,717 while the median value for Units is $571,736.
  • Houses have a median rent of $600 while Units have a median rent of $450.
There are currently 7 properties listed for sale, and 3 properties listed for rent in North lambton on OnTheHouse. According to CoreLogic's data, 68 properties were sold in the past 12 months in North lambton.

Suburb Insights for North Lambton 2299

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.