35A Penman Street, New Lambton, NSW 2305 | Property Value & History | OnTheHouse
 
OFF MARKET

35A Penman Street
New Lambton NSW 2305

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 95m2
Land area: 473m2
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Last updated 10 Aug 2026
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Property Details for 35a Penman St, New Lambton

35a Penman St, New Lambton is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 473m2 and floor size of 95m2. While the property is not currently for sale or for rent, it was last sold in August 2023.

Building Type
House
Floor Size
95m2
Land Size
473m2
Local Government
Newcastle
Lot/Plan
1/DP1191150

Last Listing description (June 2025)

On offer is this older style charming character filled property in an outstanding central location only minutes from shopping centre's, sporting fields, quality schools & 15-20 minutes to Newcastle CBD, beaches & the Foreshore.

Needing some TLC you won't find a better opportunity in this highly desirable suburb.

Offering four bedrooms, two bathrooms in total along with multiple internal living spaces this property is configured in a way that offers you flexibility & many options depending on your circumstances & requirements. The main area consists of three bedrooms, kitchen, dining, living, bathroom ideal for the family & the secondary area consists of a fully self-contained one bedroom unit with its own separate access which is perfect for the teenager of the family wanting their own space or alternatively can be leased out providing you with a nice weekly passive income.

Another great option is Unit 1 (fully-self contained) would be ideal for the elderly relative who wants or needs to be close but still able to maintain their own independence.

This one is packed with opportunity & potential offering many different viable options. Opportunities at this price in this suburb are very rare.

Unit 2 as shown on the floor plan - has gas and electricity.
Unit 1 - just electricity.
Electricity is separately metered. Water is not.

Four bedrooms (total) BIR's, fans
Two bathrooms, two kitchens (total)
Multiple internal living zones
Fully self contained unit with separate access
Older style property, split system-air conditioning
Polished timber, carpets & vinyl flooring
Study nook or small children's play area
477m2 block approximately
Garage + carport
Outstanding central location
An opportunity not to be missed
Unit 1 - $330 - $370 pw rental approx
Unit 2 - $550 - $580 pw rental approx

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Property History for 35a Penman St, New Lambton, NSW 2305

A timeline of how this property has performed in the market
Last Sold
$670,000
11 Aug 2023
Listed for Rent
$350/w
15 Apr 2017
  • 11 Aug 2023
    Sold for $670,000
  • 26 Jul 2023
    Listed for Sale $690,000
  • 13 Apr 2017
    Listed for Rent - Price not available
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About New Lambton 2305

The size of New Lambton is approximately 5.5 square kilometres. There are 29 parks, covering nearly 38.8% of the total area. The population of New Lambton in 2016 was 10048 people. By 2021 the population was 10651 showing a population growth of 6.0% in the area during that time. The predominant age group in New Lambton is 40-49 years. Households in New Lambton are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in New Lambton work in a professional occupation.In 2021, 67.70% of the homes in New Lambton were owner-occupied compared with 68.10% in 2016.

New Lambton has 5,260 properties. Over the last 5 years, Houses in New Lambton have seen a 36.40% increase in median value, while Units have seen a 45.56% increase. As at 31 July 2026:

  • The median value for Houses in New Lambton is $1,270,036 while the median value for Units is $760,585.
  • Houses have a median rent of $760 while Units have a median rent of $600.
There are currently 36 properties listed for sale, and 12 properties listed for rent in New lambton on OnTheHouse. According to Cotality's data, 214 properties were sold in the past 12 months in New lambton.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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