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Overview
This property offers a finely renovated three-bedroom residence sitting proudly at the front of a spacious 663.9 sqm north-facing block. The home's refurbishment provides comfortable living immediately, featuring essentials such as a bathroom and parking space, well suited for families or those seeking a manageable investment.
Beyond the present home lies a rare and exciting opportunity with approved development plans. The property includes DA approval for a subdivision that allows the creation of a contemporary double-storey, four-bedroom home at the rear, thoughtfully designed to capitalize on views of the adjoining reserve, enhancing the feeling of privacy and connection with nature.
- The existing home can continue generating rental income while the new dwelling is constructed behind it.
- There is flexibility to sell either or both properties after completion, presenting a strategic development or investment opportunity.
- It's also well suited for multi-generational living, allowing extended family members to coexist with privacy and comfort.
Location amenities further enrich this offering, with Lambton Public School just accessible through the back gate, and the convenience of nearby cafes, shops, and restaurants within a short walking distance. Essential services such as John Hunter Hospital and vibrant Newcastle CBD and beaches are all within easy 15-minute drives, adding to the practical appeal of this property.
Overall, this listing is attractive for those seeking a blend of immediate comfortable living with substantial future growth or lifestyle potential through development or family accommodations.
Local Market Insights
In Lambton, Quiet Listings observed 10 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 $1,146,000. The property type mix of listed properties is predominantly Houses at 77%, followed by commercial properties (15%), and duplexes (8%). The most active agency for houses in the Lambton area is currently Harcourts, representing 60% of new listings. 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.
Change History
| Headline | When |
|---|---|
| Guide - $1,000,000 | |
| $1,000,000 - $1,100,000 |
Location
Market Insights for Lambton NSW 2299
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