49 Fifth Street, North Lambton NSW 2299

Phone enquiry code for this property: 4360North Lambton offers local residents a great little shopping strip and a magnificent park only 9 kilometers from Newcastle CBD and some of the greatest beaches on the coast. Positioned approximately half way between the Newcastle University campus and the John Hunter Hospital of which incidentally is the main teaching hospital for the university this property offers the owner occupier or investor great opportunities for both value, growth and development. The property itself currently offers a two bedroom with sun-room dwelling that requires some TLC that recently was returning $300PW. Off street parking is available and accessible from Wall Lane at the rear of the property, the block itself is dead flat and 502 square meters. Other internal attributes include a separate WC, fully appointed bathroom that includes separate shower/bath and vanity, high ceilings and large king size bedrooms with ceiling fans. The kitchen is positioned at the rear of the property as in the rear veranda and laundry. Recent developments suggest that the land could further be improved with the addition of a 2 bedroom studio at the rear and 3 bedroom dwelling replacing the current structure, (see attached survey in photos.) Such a redevelopment of the site would provide for immediate growth and add value to the existing site. Zoning under Newcastle City Council is R2 Medium Density, refer to contract, (available on request) or council guidelines for further information. Sold with vacant possession, 49 Fifth Street is right and ready for the savvy buyer today!Phone enquiry code for this property: 4360