286 Lambton Road
New Lambton


$920,000

2
4
4

Property Features


Property ID: 3444356

Council Rates
$763 per quarter
Water Rates
$466 per quarter
Land Size
480.00 m2

BLUE RIBBON REAL ESTATE - HOME CONVERTED INTO 2 FLATS!


Are you looking for a quality location, with a strong rental return and / or the opportunity to revert back to a family home?

This home has been converted into 2 separate flats, comprising a total of 4 beds, 2 kitchens and 4 bathrooms. Sporting modern kitchens and bathrooms.

The front flat has been a long term rental, with nil vacancy rate. In this buoyant rental market expect a return of $470.00 - $500.00 per week and back flat potential $400.00 per week. ($900.00 per week)

Rear flat enjoys a sunny North facing rear covered spacious tiled deck, perfect place for your first cuppa of the day.

The shared laundry is in the middle of the home with access from both flats.

The exterior of the home has just undergone a make-over, benefiting from a fresh coat of paint. The home offers built in robes, ducted air-conditioning and polished hardwood flooring.

Easy steps to the very popular New Lambton shopping village with it's many coffee shops, dress shops, banks, pubs and of course our infamous Artisan IGA. If preferred you can opt to walk to the local Elder Street Lambton shopping precinct. Or for the more avid shopper, Kotara, Westfield could be your go to, with public transport only metres away.

The home is located within the prestigious New Lambton School zone. A short stroll will find you at the popular West Leagues Club, enjoying a meal at the Bistro or upstairs at one of the many restaurants of your choice. Public and private hospitals, University and Newcastle's revitalised City Centre are only minutes away.

This dwelling presents the opportunity for an array of potential purchasers including:

- Those looking for an older style home in New Lambton.

- A clever buyer looking to supplement their mortgage with an income from one of the flats.

- Those with an extended family or teenagers - perhaps looking to house different generations at the one address.

- Bring granny without the hassle of having to build a granny flat in back yard.

- An astute investor wanting to take advantage of the incomes from both flats.

All this is set on a level 480 sqm block, with low maintenance gardens, includes a single lock up garage, carport and extra off street parking at the side of the home.

An inspection recommended. Attend our open home or contact us today for your own individual viewing - with COVID 19 restrictions in place at all times! We welcome your interest. Opportunity is knocking, give this one your priority!

Outgoings: NCC: $763 QTR WATER: 466 QTR