101 Young Road

For Sale $690,000 - $740,000


Property Features

Property ID: 3253188

Land Size
483.00 m2

Reverse Cycle AirCon
Secure Parking
Vacant Land

Opportunity Knocks, with so many options!

DA approval to subdivide and build two new homes or keep the original home for excellent investment and build your dream home at the rear.
Beautifully positioned amid Lambton's superb family lifestyle including Lambton Swim centre and park, this property offers limitless potential for the astute buyer with DA approval for a two lot subdivision and the erection of two brand new freestanding four bedroom homes is already in place.
Each home includes up to the minute interiors, double garage, robed bedrooms served by two bathrooms and a sought after second living space upstairs.
With all the hard work done, why not reap the benefits with convenience, lifestyle and the potential for fast capital growth.
Discussions with town planners have also enabled the opportunity for the existing house to remain and to simply build the rear dwelling and subdivide on completion. Live in original house why you build new property, on completion of new property move into the property and either sell original home or retain as an investment.

* See floorplans for elevations and artist impressions.
* 483m2 approx. corner block with dual street access.
* Existing 3 bed home currently tenanted at $450PW.
* Excellent location between Lambton and New Lambton's popular villages.
* Newcastle Uni is just 3km approx. and Lambton has its own primary/high schools.
* Excellent opportunity for property developers, investors and families alike.

Council Rates: $535.00 PQ approx
Water Rates: $260 + usage approx
Current Rent: $450 PW approx

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