2 Bunn St, North Lambton is a 4 bedroom, 2 bathroom House with 1 parking spaces and was built in 1950. The property has a land size of 342m2 and floor size of 110m2. While the property is not currently for sale or for rent, it was last sold in February 2023.
OPEN HOUSE CANCELLED
It is not often a property like this comes onto the market. This property provides a unique opportunity for investors, or a family, to purchase a rare home with considerable options. Triple street/lane frontage and located close to Newcastle University, the shopping convenience of Stockland Jesmond, John Hunter and Mater Hospitals, and Lambton Park and shopping village.
The property is currently divided into two x two bedroom units currently returning $670 per week in rent (total), but can easily be converted back to a home. There is also a huge freestanding garage/shed with three quarter mezzanine, remote roller doors, and extra height for caravan or motorhome. Rent out the shed for a third income.
Unit 1 consists of two large bedrooms with built in wardrobes, kitchen, lounge, bathroom, and off street parking.
Unit 2 consists of two bedrooms or one bedroom and a separate living area, kitchen, dining area, bathroom, shed and laundry, covered deck, courtyard and off street parking.
Close to several well-regarded schools including Lambton Public School (3 mins) and Lambton High School (4 mins), University Callaghan Campus (5 mins), John Hunter and Mater Hospitals (6 mins), major shopping centres and nearby cafes, Lambton Park and village shops, while being an easy drive from Newcastle's CBD, the Hunter Expressway and Pacific Motorway.
342msq block.
Rent - Unit 1 $350 per week, Unit 2 $330 per week.
Shed potential rent - $250 per week.
This is a fantastic opportunity to purchase a rare property with so many options in one of our regions popular suburbs.
A contract for sale is available for your information.
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 1,596 properties.
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