360 Newcastle RoadNorth Lambton NSW 2299
Property Details for 360 Newcastle Rd, North Lambton
360 Newcastle Rd, North Lambton is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 270m2 and floor size of 102m2. While the property is not currently for sale or for rent, it was last sold in May 2021.
Last Listing description (July 2021)
This unique opportunity is an investor's dream. A property divided into a single bedroom unit and a two-bedroom unit, serviced by separate metering. With ample parking and low maintenance landscaping, this address will serve student tenants well and demand very little effort in upkeep.
Unit one offers a single bedroom floorplan with striking timber floorboards setting the chic tone. An open plan kitchenette and living space features a reverse cycle air conditioner for comfort while the expansive, light filled bedroom exudes charm. The bathroom presents a bath and shower combination as well as space for an internal laundry.
Enter unit two off the rear courtyard and you'll be met by fresh paint work, those stunning floorboards and a brilliant natural light flow through the home. A full-sized kitchen headlines the open plan living space complete with reverse cycle air conditioning and a ceiling fan. Both sizable bedrooms offer wardrobes and ceiling fans. The property boasts tasteful, easy care landscaping and two dedicated parking spaces at the rear.
Located mere minutes from Newcastle University Callaghan Campus and with public transport well within walking distance, it's a natural fit for students seeking privacy and independence. With several cafes close by and shopping for the essentials made easy with Jesmond Central or Waratah Village both just 2.4 kilometres away, the convenience of this address is undeniable.
Rental returns;
- Unit 1: $350 - $380 per week
- Unit 2: $430 - $470 per week
- Combined total of $780 - $840 per week rental income
- Presented is a single address divided into two separately metered units; one offering a single bedroom and the other two bedrooms
- A dedicated driveway offers two parking spaces
- Gorgeous, polished timber floorboards and ornate ceilings catch the eye on entry
- Two courtyards, one at the front and one at the rear offer outside spaces for relaxation
- Tasteful landscaping offers a pleasing outlook with little maintenance required
- Both units offer reverse cycle air conditioning for all year comfort
- Both bedrooms in unit two have ceiling fans and large wardrobes
- Just 2.4 kilometres from Newcastle University Callaghan Campus
- Walking distance to the iconic Lizotte's restaurant, the Mark Hotel and the amazing Lambton Park
- An easy drive to the John Hunter Hospital and several local schools
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***All inspection attendees will have to answer a health and safety survey to qualify for the inspection of the property
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Property History for 360 Newcastle Rd, North Lambton, NSW 2299
- 14 May 2021Sold for $630,000
- 01 Apr 2021Listed for Sale Guide $650,000
- 03 Apr 2014Sold for $335,000
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0About 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 1,597 properties. Over the last 5 years, Houses in North Lambton have seen a 76.01% increase in median value, while Units have seen a 49.06% increase. As at 31 August 2024:
- The median value for Houses in North Lambton is $844,125 while the median value for Units is $569,790.
- Houses have a median rent of $590 while Units have a median rent of $433.
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