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.
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
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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:
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