Versatile R3 Zoned Opportunity in a Prime New Lambton Location

Set on a generous 643m² block with R3 Medium Density Residential zoning, this charming New Lambton home presents an exceptional opportunity for homeowners, investors, or developers seeking space, comfort, and future potential in one of Newcastle’s most tightly held suburbs.

Well-maintained and ready to move straight in or lease out, the home features two spacious bedrooms, two bathrooms, and a light-filled open-plan living and dining area that flows seamlessly to a large covered rear deck – the perfect space for year-round entertaining.

A separate studio/home office at the rear adds flexibility for those working from home, while the deep, level block offers ample space for future extension, dual occupancy, or redevelopment (STCA).

Currently vacant but previously leased at $570 per week, the home offers a strong rental return with a new appraisal between $650–$700 per week.

Key Features:
– Two bedrooms, two bathrooms
– Spacious living and dining area
– Air-conditioning to living area
– Modern kitchen with island bench and ample storage
– Covered rear deck ideal for entertaining
– Detached studio, home office or storage
– Off-street parking for one car
– Level 643m² block with R3 Medium Density zoning
– Council Rates: Approx $2,800 p/a
– Water Rates: Approx $970 p/a + usage
– Estimated rental return: $650 – $700 per week

Ideally located within walking distance of New Lambton Village, local parks, quality schools, and public transport, this property combines lifestyle convenience with future potential in a blue-chip location.

Disclaimer:
All information provided by Wilton Lemke Stewart in the marketing of a property for sale or lease has been sourced from various third-party outlets that we deem reliable. Nonetheless, Wilton Lemke Stewart cannot ensure its absolute accuracy, and we bear no responsibility and disclaim all liability for any errors, omissions, inaccuracies, or misstatements in the information provided. Prospective buyers and tenants are encouraged to conduct their own due diligence and rely on their own investigations. All images, measurements, diagrams, renderings, and data are indicative and for illustrative purposes only, subject to potential changes.