7 Lester ParadeNorth Lambton NSW 2299
Property Details for 7 Lester Pde, North Lambton
7 Lester Pde, North Lambton is a 5 bedroom, 1 bathroom House and was built in 1960. The property has a land size of 658m2 and floor size of 125m2. While the property is not currently for sale or for rent, it was last sold in May 2020.
Last Listing description (June 2024)
Comes furnished as a bonus! , Great for student accommodation there is already four tenants in the home and the furniture is included in the sale.
Log onto www.chaddunn.tv to see the birds eye video of this block showing it's location. The dimensions of the land are 16.6m frontage with a 40m depth, and the University of Newcastle is at the end of the street.
In the most desirable street in North Lambton is this absolute cracker! The home on this block is already used as student accommodation quite successfully ... but it doesn't have a Granny Flat -- yet!
Opportunity & Location ... Looking for better yields and well located property then this one is for you.
The block has side access to the yard with lots of off street parking for your tenants.
POINTS OF INTEREST
- Close location to university.
- Attractive rental return, ** when all five rooms were occupied a total rental return of over $700+. per week was achieved ie, each room on avg.
- Currently it's being tenanted by four occupants ( four rooms).
- Land size and flat layout.
Have a drive by and mark in your calendar the dates of the up and coming "open for inspections", that will be hosted on Saturday afternoons by Chad and his team. We are excited about this one and you should be too!, we look forward to hearing from you
Property History for 7 Lester Pde, North Lambton, NSW 2299
- 25 May 2020Sold for $530,000
- 07 Jan 2020Listed for Rent $450 / week
- 23 Dec 2019Listed for Sale $520,000 to $550,000
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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 66.95% increase in median value, while Units have seen a 46.43% increase. As at 31 January 2025:
- The median value for Houses in North Lambton is $858,361 while the median value for Units is $593,080.
- Houses have a median rent of $600 while Units have a median rent of $473.
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