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25 Spruce Street, North Lambton, NSW 2299, 7 Bedrooms, 7 Bathrooms, Unit

$1,780,000 to $1,850,000

25 Spruce Street, North Lambton, NSW 2299

7
7
6
1012m2
UnitListed on Fri Jun 14
Price drop

North Lambton 7 Bedroom Great Investment Opportunity, Good Block & Location.

This property has seven, one bedroom units returning $2,655 per week. They have all had some work done over time and are all comfortable 1 bedroom units, there are carports for four vehicles and two extra car spaces. All on one title, it is Torrens Title so no Strata Fees.

The accommodation is set on generous grounds of 1012sqm. This street is just minutes down to Lambton Shopping Village and Lambton Park and Pool..

This property has:

* 7 one bedroom units,

* Open Living Areas in six of the units,

* Separate Kitchen and lounge in Unit 6,

* Sunny Front Verandah Unit 6,

* Plenty of outdoor space for all tenants,

* 4 Carports, 2 Parking spaces,

* Shared Laundry Facility,

* Extra Outside Toilet Facility for general use.

Would suit for investment opportunity with great return and with perhaps future development in mind.

- Units returning $2,625 per week

- Hunter Water Rates recent account was$2,743.81 per third

- Newcastle City Council Rates $1,872.97 per quarter

- Building Insurance, Public Liability, &

Landlord Insurance etc. currently $6,250.52

This location is very popular, currently all the units are tenanted and would always rent readily if an when tenants vacate.

Ring or email anytime to arrange an inspection.

Location

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Estimate

Council Data

Last update : 2024 11 30
Land value$595,000
Land1012m²
Planning ZoneLow Density Residential
Key SitesNo
Future Residential Growth AreaNo
Active Street FrontagesNo
Urban Release AreaNo
Obstacle LimitationNo
Floor Space Ratio0.6
Lot Size400 m²
Height of Building8.5 m
Flood ZoneNo
Sulfate SoilsClass 5
BushfireNo
Landslide RiskNo
HeritageNo
State Significant Dev SitesNo

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Lambton Public School
0.64 km
Primary
K-6
Government
icsea: 1040
Lambton High School
1.69 km
Secondary
7-12
Government
icsea: 1051

Property history

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North Lambton surrounding data

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
5 Merivale Street, North Lambton
0.38 km
3
1
-m2
Year 2025 Month 01 Day 16
-
Council approved
46 HILL ST, North Lambton
0.21 km
3
1
-m2
Year 2024 Month 10 Day 11
$875,000
Council approved
22 HIGH ST, North Lambton
0.38 km
4
2
-m2
Year 2024 Month 10 Day 09
-
Council approved
52 DICKSON ST, Lambton
0.30 km
4
2
-m2
Year 2024 Month 10 Day 03
$1,250,000
Council approved
36 MOREHEAD ST, North Lambton
0.17 km
4
2
-m2
Year 2024 Month 08 Day 30
$1,400,000
Council approved

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Ref:92P1214Last update:2024-11-04 04:34:27