Presenting an exciting real estate prospect in a popular location, this classic weatherboard residence is positioned on an under-capitalised 499sqm corner parcel of land, this home is ready for a full renovation or a complete rebuild. Capitalise on the potential of this residence in a great setting with alternate options to further enhance the existing property and build the rear dwelling and subdivide on completion. With all the hard work already done, build your dream home and either keep the second dwelling for investment or sell one or both.
Recreate or develop with current DA approval for a two-lot subdivision and the erection of two architecturally designed freestanding 4-bedroom homes. Each home includes up to the minute interiors, double garage, robed bedrooms served by two bathrooms and a sought after second living space upstairs.
A popular suburb with families, Lambton is home to a magnificent park incorporating a children's play area, bowling greens, tennis courts, cricket, soccer and rugby league fields as well as neighbouring Olympic size swimming pool. It is also well located for momentary access to the University of Newcastle and John Hunter Hospital and offers easy access to Newcastle CBD, Hunter Expressway and M1 Pacific Motorway.
- Perfect to extend and build your forever family home
- DA approval for two new homes designed by EJE Architecture
- 499sqm corner block with second frontage to Belford Road and rear lane access
- Existing 3-bedroom home currently tenanted at $455PW
- Excellent location between Lambton and New Lambton's popular villages
- Newcastle Uni is just 3km approx. and Lambton has its own primary/high schools
- Excellent opportunity for property developers, investors and families alike
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