17 Pearson StreetLambton NSW 2299
Property Details for 17 Pearson St, Lambton
17 Pearson St, Lambton is a 4 bedroom, 3 bathroom Unit with 4 parking spaces. The property has a land size of 476m2. While the property is not currently for sale or for rent, it was last sold in December 2016.
Last Listing description (October 2019)
Just around the corner from beautiful Lambton Park and the suburb's vibrant caf and shopping strip on Elder Street, this block of three 1 and 2-bedroom apartments on one title is an exciting real estate opportunity offering multiple options that will appeal to investors, builders and property developers alike.
Completely comfortable, with recent updates, investors will see the potential to further modernise and increase the rent, currently a combined $48,880 per annum, all on one title.
Alternatively, the 476sqm parcel with approximate 15.24m frontage is prime for development. Realise your dreams to build a magnificent two storey home or take advantage of the R2 Low Density Residential zoning for more than one residence, all subject to council approval.
- 476sqm north facing landholding with approximate dimensions of 15.24m X 31.24m
- Current returns totaling $940pw: 1 bedroom unit for $280pw; 1 bedroom unit for $300pw; 2 bedroom unit for $360pw
- All of the apartments have a functional layout with open-plan living and new a/c
- Each apartment has a carport plus extra driveway parking and shared laundry
- Concept plans available for a 6-bedroom duplex and freestanding 3-bedroom home
- Scope at rear of block to add a granny flat
- Gas plumbing has been replaced throughout
Disclaimer: 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.
Property History for 17 Pearson St, Lambton, NSW 2299
- 20 Apr 2020Sold
- 17 Nov 2018Listed for Sale Not Disclosed
- 12 Jan 2017Listed for Rent $250 / week
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0About Lambton 2299
The size of Lambton is approximately 2.8 square kilometres. It has 15 parks covering nearly 12.6% of total area. The population of Lambton in 2016 was 4909 people. By 2021 the population was 5214 showing a population growth of 6.2% in the area during that time. The predominant age group in Lambton is 50-59 years. Households in Lambton are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lambton work in a professional occupation.In 2021, 63.00% of the homes in Lambton were owner-occupied compared with 61.70% in 2016.
Lambton has 2,738 properties. Over the last 5 years, Houses in Lambton have seen a 67.30% increase in median value, while Units have seen a 47.26% increase. As at 31 December 2025:
- The median value for Houses in Lambton is $1,235,393 while the median value for Units is $739,209.
- Houses have a median rent of $680 while Units have a median rent of $510.
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