North Lambton 15 Chinchen Street
Auction
Thursday, 21st November 2024 at 6:00pm
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Two Properties One Title with a 6.66% Rental Yield
Auction Details
Open Times
- Please contact Casey Healey to arrange an appointment.
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Introducing an outstanding investment opportunity at 15 Chinchen Street, North Lambton, offering the ultimate in dual key returns. With close proximity to Newcastle CBD, excellent public transport links, and key amenities like the University of Newcastle and John Hunter Hospital, this location offers strong rental demand. Nearby schools and shopping centres, including Jesmond Central, add to its appeal for families and professionals, making it a prime spot for investors seeking solid returns and future growth potential.
Front house- Current leased at $540.00/ week till 6/7/2025.
This lovely home features three spacious bedrooms, with the front bedrooms fitted with built-in robes. Enjoy a central lounge room with split system air conditioning and an updated kitchen offering ample storage. The bright dining area opens through glass sliding doors to a generous timber deck, perfect for entertaining. Freshly painted throughout and recently updated carpet, there is nothing to spend.
The Granny Flat- currently vacant, estimated market rent $550.00/ week.
This modern granny flat, built in 2020, features two spacious bedrooms and a functional kitchen with provisions for a dishwasher. The open-plan living area creates a welcoming feeling, complemented by a well-appointed bathroom and laundry. Additional amenities include air conditioning, electric appliances, built-in wardrobes, and ceiling fans, ensuring comfort throughout the year.
Outgoings:
Council Rates $2162 per annum.
Water Rates $925 per annum (excluding usage).
Investment highlights:
Median House Sale Price: $844,000, reflecting the area's desirability.Median Rent Value: $590, offering attractive rental opportunities for investors.Strong Growth: Over the last 12 months, North Lambton has experienced a remarkable growth rate of 8%, demonstrating its resilience and potential for investment returns.Long-Term Growth: Over the last 5 years, North Lambton has seen substantial growth, with an impressive increase of 72.7%, indicating its long-term viability as a property investment destination.Market Activity: Homes in North Lambton are in high demand, spending an average of 24 days on the market, a testament to the area's appeal and strong market activity.
Zoning: R2 Low Density Residential
Land Area: 397sqm approx
Council: Newcastle
IMPORTANT INFORMATION ABOUT AUCTIONS –
We welcome you to bid on-site or on-line.
All registrations need to be completed prior to the auction and require approval. Please allow sufficient time for the registration process.
Register via this link.. buy.realtair.com/properties/144972
Call 02 4943 6333 if you require assistance.
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. Photos maybe digitally edited and include virtual furniture.
Property Information
- Land area approx 397sqm
Property Features
- Carports 1
Local Information North Lambton
Education
Nearest Government Schools
- Lambton Public School
- Jesmond Public School
- Callaghan College Jesmond Senior Campus
- Heaton Public School
- Waratah West Public School
- Newcastle Middle School
Nearest Private Schools
- St John's Primary School
- St Philip's Christian College - Waratah
- St Philip's Christian College DALE
- St Philip's Christian College DALE Young Parents
- Corpus Christi Primary School
- St Therese's Primary School
Local Amenities
Parks
- Regent Park
- Pioneer Progress Reserve
- New Lambton Park
- Rudd Park
Services
- New Lambton Post Office
- Lambton Post Office
- Broadmeadow Post Office
- Waratah Post Office
Sport and Recreation
- Myamblah Crescent Oval