OFF MARKET

5/50 Lambton Road
Waratah NSW 2298

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 63m2
Land area: 502m2
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Property Details for 5/50 Lambton Rd, Waratah

5/50 Lambton Rd, Waratah is a 2 bedroom, 1 bathroom Unit and was built in 1958. The property has a land size of 502m2 and floor size of 63m2. While the property is not currently for sale or for rent, it was last sold in June 2019.

Building Type
Unit
Year Built
1958
Floor Size
63m2
Land Size
502m2
Local Government
Newcastle
Lot/Plan
5/SP41873

Last Listing description (July 2020)

An affordable top floor unit, this is an ideal investment or a first rung on the property ladder. A solid building containing only 6 units and displaying Art Deco features, it is centrally located, close to the Mater Hospital, Waratah Shopping Village and also Newcastle University.

This delightful light-filled, 2 bedroom unit has a generous sized lounge/kitchen/dining area, and a balcony with views. And due to it's elevated position, breezes are caught promoting great cross-ventilation.


With an internal laundry, and good sized bedrooms, this unit won't disappoint the astute property investor or first home buyer.

Property Features:

- Internal laundry
- Gas hot water system
- Gas cooktop
- Attic storage space
- Mostly double brick internal walls
- Floating timber floors in the kitchen/living area
- Centrally Located

Council Rates: $1192 PA approx
Water Rates: $858 PA approx
Strata Levies: $630 PQ approx

Property History for 5/50 Lambton Rd, Waratah, NSW 2298

A timeline of how this property has performed in the market
Last Sold
$310,000
26 Jun 2019
Listed for Rent
$285/w
20 Nov 2015
  • 09 Jul 2020
    Listed for Sale SOLD - $310,000
  • 26 Jun 2019
    Sold for $310,000
  • 13 Feb 2019
    Listed for Sale $310,000 to $330,000
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About Waratah 2298

The size of Waratah is approximately 1.9 square kilometres. It has 5 parks covering nearly 10.1% of total area. The population of Waratah in 2011 was 4,759 people. By 2016 the population was 4,487 showing a population decline of 5.7% in the area during that time. The predominant age group in Waratah is 20-29 years. Households in Waratah are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Waratah work in a professional occupation. In 2011, 51.5% of the homes in Waratah were owner-occupied compared with 48.8% in 2016.

Waratah has 2,404 properties. Over the last 5 years, Houses in Waratah have seen a 66.46% increase in median value, while Units have seen a 44.78% increase. As at 31 October 2024:

  • The median value for Houses in Waratah is $860,621 while the median value for Units is $603,408.
  • Houses have a median rent of $605 while Units have a median rent of $515.
There are currently 4 properties listed for sale, and 5 properties listed for rent in Waratah on OnTheHouse. According to CoreLogic's data, 100 properties were sold in the past 12 months in Waratah.

Suburb Insights for Waratah 2298

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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.