114 Janet St, North Lambton is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1980. The property has a land size of 553m2 and floor size of 172m2. While the property is not currently for sale or for rent, it was last sold in July 2012.
This could be your next investment property. Situated as two separate villas on a single title, this unique property presents an excellent opportunity for investors, owner-occupiers or families looking for flexible living arrangements.
Whether youre looking to secure a dual-income investment, live in one villa while renting out the other, or have parents or adult children living independently right next door, this property offers plenty of options.
Positioned in a central location within the lower Newcastle region, the property is just 1km from the University of Newcastle, making it particularly appealing to tenants and investors. The Water Board Bowling Club is literally next door, offering an easy option for lawn bowls, meals and drinks, while Jesmond shops are just a short 3-minute drive away at approximately 1.2km.
Both villas are currently occupied by long-term tenants who are keen to remain, providing an attractive opportunity for an investor looking for an established rental arrangement and a smooth transition.
Constructed from brick and designed for low-maintenance living, each villa features two bedrooms, an open-plan living and dining area adjoining the kitchen, and its own single lock-up garage. With both properties on one title, there are also no strata fees payable, helping to keep ongoing costs to a minimum.
Property Features
*Two separate two-bedroom villas on one title
*Dual-income investment opportunity
*Two single lock-up garages
*Two bedrooms in each villa
*Open-plan living and dining areas
*Low-maintenance brick construction
*Long-term tenants currently in place
*No strata fees payable
*Approximately 1km to the University of Newcastle
*Approximately 1.2km to Jesmond shops
*Water Board Bowling Club right next door
*Ideal for investors seeking strong rental returns
*Flexible option for shared family living
*Live in one villa and rent out the other
Combined rental return of $930 per week.
An opportunity like this offers flexibility that is hard to find whether youre an investor chasing dual rental income or a family looking for separate yet connected living arrangements, this property is well worth inspecting.
Council rates approx $571 p/q
Water rates approx $280 p/q
Disclaimer: We have obtained all information from sources we believe to be reliable; however we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
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 1,616 properties. Over the last 5 years, Houses in North Lambton have seen a 35.28% increase in median value, while Units have seen a 45.60% increase. As at 31 July 2026:
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