Introducing an outstanding investment opportunity at 15 Chinchen Street, North Lambton, offering the ultimate in dual key returns. With close proximity to Newcastle CBD, excellent public transport links, and key amenities like the University of Newcastle and John Hunter Hospital, this location offers strong rental demand. Nearby schools and shopping centres, including Jesmond Central, add to its appeal for families and professionals, making it a prime spot for investors seeking solid returns and future growth potential.
Front house- Current leased at $540.00/ week till 6/7/2025.
This lovely home features three spacious bedrooms, with the front bedrooms fitted with built-in robes. Enjoy a central lounge room with split system air conditioning and an updated kitchen offering ample storage. The bright dining area opens through glass sliding doors to a generous timber deck, perfect for entertaining. Freshly painted throughout and recently updated carpet, there is nothing to spend.
The Granny Flat- currently vacant, estimated market rent $550.00/ week.
This modern granny flat, built in 2020, features two spacious bedrooms and a functional kitchen with provisions for a dishwasher. The open-plan living area creates a welcoming feeling, complemented by a well-appointed bathroom and laundry. Additional amenities include air conditioning, electric appliances, built-in wardrobes, and ceiling fans, ensuring comfort throughout the year.
Outgoings:
Council Rates $2162 per annum.
Water Rates $925 per annum (excluding usage).
Investment highlights:
* Median House Sale Price: $844,000, reflecting the area's desirability.
* Median Rent Value: $590, offering attractive rental opportunities for investors.
* Strong Growth: Over the last 12 months, North Lambton has experienced a remarkable growth rate of 8%, demonstrating its resilience and potential for investment returns.
* Long-Term Growth: Over the last 5 years, North Lambton has seen substantial growth, with an impressive increase of 72.7%, indicating its long-term viability as a property investment destination.
* Market Activity: Homes in North Lambton are in high demand, spending an average of 24 days on the market, a testament to the area's appeal and strong market activity.
Zoning: R2 Low Density Residential
Land Area: 397sqm approx
Council: Newcastle
IMPORTANT INFORMATION ABOUT AUCTIONS –
We welcome you to bid on-site or on-line.
All registrations need to be completed prior to the auction and require approval. Please allow sufficient time for the registration process.
Register via this link.. https://buy.realtair.com/properties/144972
Call 02 4943 6333 if you require assistance.
We have obtained all information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations. Photos maybe digitally edited and include virtual furniture.
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