1 Lester Parade, North Lambton, NSW 2299 | Property Value & History | OnTheHouse
OFF MARKET

1 Lester Parade
North Lambton NSW 2299

Bedrooms: 7
Bathrooms: 4
Car spaces: 5
Land area: 537m2
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Property Details for 1 Lester Pde, North Lambton

1 Lester Pde, North Lambton is a 7 bedroom, 4 bathroom House with 5 parking spaces. The property has a land size of 537m2. While the property is not currently for sale or for rent, it was last sold in December 2022.

Building Type
House
Land Size
537m2
Local Government
Newcastle
Lot/Plan
117/DP207363

Last Listing description (August 2023)

In a quiet area and close to schools, shops and the Uni lies an investor's delight with a 7-bedroom brick and tile dwelling divided into 4 fully self-contained units currently returning a combined income of $1510 per week, each with their own car space and sharing a sparkling communal pool, paved outdoor entertaining space and undercover BBQ area.

The dwelling comprises of two units upstairs, connected by a breezeway and facing Turana Parade, and two units below, accessed via Lester Pde.

Unit 1 offers a large open living/family room, 3 oversized bedrooms with built-in robes, large kitchen with dishwasher, breakfast bar and plenty of storage, air-conditioning and large bathroom with concealed laundry ? currently occupied by a family on a fixed lease

Unit 2 is a 1-bedroom dwelling with air-conditioning, functional kitchen with gas cooking, bedroom with fan and seating area, bathroom, and elevated views

Unit 3 includes a recently renovated 1-bedroom abode, comprising large lounge with built-in seating, air-conditioning, recently renovated kitchen with gas cooking and plenty of bench space, recently renovated bathroom, walk-in wardrobe, a separate laundry and additional storage room.

Unit 4 is a 2-bedroom with study space, living area, kitchen with gas cooking, air-conditioning and separate laundry.

The well-kept common areas include the pool area, paved entertaining space and an undercover BBQ kitchen area.

1 Lester Parade is in an elevated position overlooking treetop and valley views and is near to schools and the Uni, parks and sporting grounds, Jesmond Village shops and is near feeder roads to major arterial routes.

- 4 well-appointed units with good tenants on a blend of fixed and periodic tenancies
- Combined rental income of $1510 per week
- Reliable income stream for the investor, being apportioned into 4 separate units
- 7 bedrooms and 4 bathrooms in the dwelling
- Air-conditioning in all units
- Sparkling pool and entertaining area including separate undercover BBQ space
- Each dwelling has their own car space
- Central location to schools, shops, parks and sporting-grounds

Disclaimer:
All information contained herein is gathered from sources we deem reliable. However, we cannot guarantee its accuracy and act as a messenger only in passing on the details. Interested parties should rely on their own enquiries. Some of our properties are marketed from time to time without price guide at the vendors request. This website may have filtered the property into a price bracket for website functionality purposes. Any personal information given to us during the course of the campaign will be kept on our database for follow up and to market other services and opportunities unless instructed in writing.

Property History for 1 Lester Pde, North Lambton, NSW 2299

A timeline of how this property has performed in the market
Last Sold
$400,000
21 Dec 2022
  • 11 Aug 2023
    Listed for Sale Not Disclosed
  • 21 Dec 2022
    Sold for $400,000
  • 28 Jan 2022
    Listed for Sale Guide $1,250,000 - $1,350,000
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About North Lambton 2299

The size of North Lambton is approximately 1.3 square kilometres. There are 12 parks, covering nearly 11.6% of the total area. The population of North Lambton in 2016 was 3306 people. By 2021 the population was 3454 showing a population growth of 4.5% in the area during that time. The predominant age group in North Lambton is 20-29 years. Households in North Lambton are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Lambton work in a professional occupation.In 2021, 59.60% of the homes in North Lambton were owner-occupied compared with 59.50% in 2016.

North Lambton has 1,615 properties. Over the last 5 years, Houses in North Lambton have seen a 38.39% increase in median value, while Units have seen a 50.22% increase. As at 30 June 2026:

  • The median value for Houses in North Lambton is $973,514 while the median value for Units is $704,688.
  • Houses have a median rent of $700 while Units have a median rent of $520.
There are currently 6 properties listed for sale, and 2 properties listed for rent in North lambton on OnTheHouse. According to Cotality's data, 68 properties were sold in the past 12 months in North lambton.

Suburb Insights for North Lambton 2299

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.