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Overview
This substantial property in New Lambton presents a rare opportunity to renovate, rebuild or develop on a large, elevated corner block with three street frontages, offering exceptional versatility for future projects.
The existing residence, featuring four bedrooms and two bathrooms, is held in largely original condition, inviting renovators to restore and modernize it into a distinguished family home. Its generous backyard and garden space provide ample room for adding features such as an entertaining deck, swimming pool, or additional garaging—perfect for families seeking both comfort and outdoor lifestyle amenities.
Positioned to capture pleasant north-facing district views, the elevated site encourages a contemporary redesign or complete rebuild while taking advantage of natural light and scenery. The property's access to multiple streets, including Collaroy Road, Wickham Road, and Clarence Lane, creates substantial development potential. These frontages facilitate various plans ranging from duplexes to townhouse developments, subject to council approval, appealing to developers or investors looking for valuable land flexibility.
Currently tenanted, this residence also offers immediate holding income, allowing prospective owners time to explore development possibilities. Living in New Lambton means proximity to quality schools, local cafes, boutique shopping, dining options, and extensive recreational spaces like Blackbutt Reserve, renowned for its walking trails and wildlife.
Convenience is further enhanced by the close distance to John Hunter Hospital, Westfield Kotara, Newcastle CBD, and nearby beaches, making it an attractive location for families, professionals, or developers aiming to invest in a sought-after community.
- A sizeable 679sqm elevated corner block with north-facing aspects and lane access.
- Dimensions provide approximately 20.12m to Collaroy Road, 31.39m to Wickham Road, and 22.17m to Clarence Lane.
- Rear lane access to a single garage plus a gated parking bay.
- Generous garden space suitable for a pool or studio addition, subject to council approval.
- Close to New Lambton Public School, St Therese's Primary, and Lambton High School.
- Nearby major amenities including John Hunter Hospital and the University of Newcastle.
- Approximately a 10-minute drive to Newcastle city centre and coastal beaches.
- Annual water and council rates are approximately $964 and $3,275 respectively.
- Currently leased at $940 per week, providing steady rental income.
Local Market Insights
In New Lambton, Quiet Listings observed 9 new houses entering the market over the last 30 days, up from 6 during the previous 30-day period, with an average advertised asking price of $1,582,222. The property type mix of listed properties is predominantly Houses at 75%, followed by land (8%), and townhouses (8%). Harcourts was the most active agency in this area, representing 41.7% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
New Lambton NSW 2305
Market Insights for New Lambton NSW 2305
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
