11 Karoola Road, Lambton NSW 2299

Auction Location: The Arc, 45 Watt Street Newcastle and Live via Auction Now Website.

An absolutely cracking renovation, rebuild or development opportunity (STCA) on one of the suburb's best streets. Just a short walk away from Lambton Park and Pool, Lambton shops, cafes and eatery's plus sought after local primary and secondary schools. This rare 759m2 allotment, with an approximate 20.1m frontage, exudes potential.


There is plenty of room for a pool, cars, boats or caravans; complimented by a double carport and double garage with an enviable purpose built, airconditioned mancave. Presently configured as a two-bedroom house it features original floorboards, high ceilings with elegant ornate trim. The generous dining room and both bedrooms are carpeted for comfort and the bathroom features a shower and separate spa bath. The well-lit kitchen sits between the laundry and a convenient study nook, with the back door leading to a hard to find, approximately 4 year old fully self-contained, 2 bedroom modern granny flat.


This neighbourhood offers so much to entertain both the kids and the adults across weekends and weekdays, while the house itself is a pleasant retreat from the hustle and bustle. The rare and versatile block offers plenty of opportunity to develop (STCA) and as such represents multiple smart investment opportunities in a desirable location that has seen generous returns.


- Versatile block with many possibilities
- Plenty of room for a pool and off street storage for cars, boats and caravans
- Option to convert formal dining room into a third bedroom
- Falls within the New Lambton Public School and New Lambton High School zone
- Garden shed plus double carport and garage/mancave/storage space
- Cosy gas fireplace in lounge area
- Airconditioning in main bedroom & dining room
- Security screens throughout
- Well-appointed large 2-bedroom granny flat
- Separate lounge and dining areas
- Close to public transport
- Quiet street

Outgoings:
Council rates: $2,380 approx per annum
Water rates: $814.53 approx per annum

***Health & Safety Measures are in Place for Open Homes & All Private Inspections
***All inspection attendees will have to answer a health and safety survey to qualify for the inspection of the property

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