Back 1 Ridge Lane
Off Market

1 Ridge Lane

New Lambton NSW 2305

2
1
2
House
Last sold for $800,000

Overview

Prime Renovation or Rebuild Opportunity in Exclusive Leafy Enclave

The peaceful tree-lined streets, grand homes and far-reaching city and beach views create a special atmosphere in this exclusive and tightly held enclave of New Lambton. Privately tucked away on a 618sqm approx. battle-axe position, this solid post-war brick and tile home is undoubtedly a superb opportunity to secure a prime renovation or knockdown/rebuild prospect in a highly competitive property market. Allow your imagination to run wild with this exclusive blank canvas and create a contemporary family residence and a lifestyle of remarkable convenience. There is a level building platform and a glorious northeasterly aspect for a dream home making the most of the natural leafy surroundings and elevation of the block. The tightly held location is five minutes from New Lambton village life and sought-after school with easy access to John Hunter Hospital and Westfield Kotara. * Single level brick and tile home on battle-axe 618sqm parcel enjoys elevated city and beach views * Bright lounge room opens to north facing verandah * Single garage offers the convenience of internal access * Valuable under house storage * Two generously proportioned bedrooms * Original gas-equipped kitchen and retro bathroom * 1600m to New Lambton's coveted school, trendy cafes and boutique shopping * Footsteps from the beauty of Blackbutt Reserve * Superb building platform to renovate, recreate or rebuild into dream family home Auction On Site Saturday 26th September at 3:30pm (Unless Sold Prior) Inspect by Appointment (We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.)

Features

2 bedrooms
1 bathroom
2 carspaces
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 Ridge Lane is $1.02m.

Median value
$1.02m
Estimated value range
$840k - $1.26m
Median days on market
24
Estimated value trend
19%
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 Ridge Lane

2015
Sold
$800,000
Auction Sale on 12 Nov 2015

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 55 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 Ridge Lane, have been sold.

This represents a 24% increase in two-bedroom houses sales when compared to the previous 12 months.

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