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.
* 483m2 approx. corner block with dual street access.
* Existing three bedroom home currently tenanted with quality long term corporate tenants.
* Excellent location between Lambton and New Lambton's popular villages.
* Newcastle University is just 3km approx. and Lambton has its own primary and high schools.
* Excellent opportunity for property developers, investors and families alike.
Council Rates: $535.00 PQ approx
Water Rates: $260 + usage approx
Rent Potential: $450 PW approx