Back 1/187 Kings Road
Off Market

1/187 Kings Road

New Lambton NSW 2305

2
1
1
House
Last sold for $560,000
Scott PurnellScott Purnell, last sold this property on 04 November 2021 after 15 days on market.

Overview

Opportunity Knocks

Presenting a single level 2 bedroom villa in an ultra convenient location. Situated in a sought after pocket of New Lambton, in catchment for premier schools, walking distance to shops, bus stops and railway station and only a 7 minute drive to the heart of the city and beaches. Positioned at the front of the development, the home is well appointed and has an excellent long-term tenant residing in the property for 5 years paying $400 PW (lease expires 18th Jan 2022). This property purchase is an ideal opportunity to invest or first home close to the city and offers low maintenance, private and secure city living. * 2 bedrooms, both with built-in robes. * Private front yard. * Combined lounge and dining. * Air-conditioned living space. * Brick veneer and tile construction. * Existing 5 year tenant currently paying $400 PW. * Current lease expires 18th Jan 2022. Council Rates: $1489.84 PA approx Water Rates: $649.59 + Usage PA approx. Strata Levies: $783.22 PQ approx Current Rent: $400 PW approx

Features

2 bedrooms
1 bathroom
1 carspace
1 garage space
House

Estimated Value

Based on this property and similar 2 bedroom houses sold in New Lambton over the last 12 months, the estimated median property value of 1/187 Kings Road is $1.02m.

Median value
$1.02m
Estimated value range
$840k - $1.26m
Median days on market
22
Estimated value trend
20%
increase over the last 12 months
Average days on market is based on recent, comparable sales in New Lambton. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1/187 Kings Road

2021
Sold
$560,000
04 Nov 2021 by Scott Purnell, of Dalton Partners The Junction

Happy sellers in New Lambton

88%
88% of sellers in New Lambton reported that their sale price either exceeded or met their price expectations.

New Lambton stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 56 reviews in New Lambton over the last 12 months.

Local market activity for 2 bedroom houses in New Lambton

In the last 12 months, 13 two-bedroom houses similar to 1/187 Kings Road, have been sold.

This represents a 30% increase in two-bedroom houses sales when compared to the previous 12 months.

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