North Lambton at a glance
3,530
People
$1,055,000
Median sale
$541/wk
Median rent
2.67%
Suburb gross yield
Median sale from 35 recorded sales (last 12 months) — a Districts calculation.
NSW › North Lambton › Summit St
$935,000
Last sold
14 Nov 2023
4
Bedrooms
2
Bathrooms
1
Car spaces
481 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$935,000
14 Nov 2023 · derived via latest_sale
Sources disagree on the sale price. All recorded figures are shown in the history below — Districts does not pick a winner.
Local land rate: recorded House sales in North Lambton (last 5 years) with land size have a median of $1,749/m² of land (n=141). Districts calculation from recorded sales — not a valuation.
North Lambton at a glance
3,530
People
$1,055,000
Median sale
$541/wk
Median rent
2.67%
Suburb gross yield
Median sale from 35 recorded sales (last 12 months) — a Districts calculation.
Vs North Lambton
-11.4%
Median sale
Suburb $1,055,000
+0.34 pp
Gross yield
Suburb 2.67%
Suburb median $1,055,000 from 35 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
NSWPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Rental
No advertised rent is recorded. Suburb median rent $541/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownNSW Valuer General land values are not loaded for this property yet.
Net yield / holding costs
UnknownNSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Area
North Lambton at a glance
3,530
People
$1,055,000
Median sale
$541/wk
Median rent
2.67%
Suburb gross yield
Median sale from 35 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Presence Real EstateNorth Lambton has long been a highly desirable Newcastle neighbourhood and is seeing a surge of new residents moving in and bringing the original homes new life. This lovely four-bedroom, two-bathroom property has been lovingly renovated to pay homage to its architectural charms whilst including splashes of modern style inspired by The Block. Seamlessly incorporating the home's beautiful cornices and stunning pine floors with all new fans, lights, plantation shutters, plush carpets, and instant gas hot water system.
The two front bedrooms offer lots of natural light and space for large bedroom suites, whilst the remaining two bedrooms are ready for you to add your personal style and have the original built-ins and the main bathroom with an open-style shower. Kitchens are the heart of the home and this one is guaranteed to make your heart skip a beat from its beautiful updated cabinets and countertops to the gas cooktop and hidden dishwasher. Included in this space is the dining area, complete with a woodfire fireplace and reverse cycle to keep you cosy all year long. The lounge room offers a well-lit relaxing atmosphere with a wired-in tv unit and sound system. An internal modern laundry with a spare toilet finishes off this lovely home.
With a lovely backyard and long garage that has been converted into a workshop and separate workout space, there's plenty of space for both kids and adults to play. A partially enclosed L-shaped verandah completes the living level of the home and is perfect for family gatherings, with french doors into the lounge and lowering shades to keep it cool in the afternoon sun. Under the home, you will find ample storage spaces and a bonus room that was the house's original laundry, complete with a toilet and separate shower. This space could be easily turned into a teens retreat or with a bit of work potential rental income as a self-contained flat.
- 4 generous sized bedrooms, two bathrooms, internal laundry
- Low maintenance yards and gardens
- Workshop and gym rooms in the original garage
- High ceilings, new lights, fans, and carpeting throughout
- New exterior paint, Shale Grey Colourbond roof, Crimsafe security screens, brand new front verandah
- Side access with vegetable patch leading to the old garage
- Side access to under house storage and bonus room
- Quiet and friendly neighbourhood with a lovely aspect
- 650m to North Lambton Dog Off-leash area
- 1.5km to Jesmond Central, 1km to The University of Newcastle
- Close to major roads with easy access to the M1, Newcastle CBD, and Newcastle Beaches
- Central to desirable schools and childcare facilities
Outgoings:
Council Rate:$2,040.18 per annum
Water Rate:$1,202.67 per annum
This property is being sold under the Online Friendly Auction System.
An independent building and pest report is available on request at no charge to you. This is the type of report your solicitor would usually recommend purchasing before bidding at an auction or before making an unconditional offer prior to auction and are conducted by a panel of reputable companies. The companies have consented to friendly auction terms and will generally be happy to speak to you about your queries in reports and in most cases transfer the reports into your name if you are the successful buyer at auction or prior to auction: see each report for details.
Flexible deposit and settlement conditions are also available by negotiation with the agent if required.
Offers can also be made prior to auction and each offer will be assessed on its merits.
Live streaming auction. Bid and buy with confidence in this consumer driven, transparent auction system that was pioneered here in Newcastle but is now in use across Australia. We also have a downloadable guide available on our website.
Disclaimer:
All information contained herein is gathered from sources we deem reliable. However, we cannot guarantee its accuracy and act as a messenger only in passing on the details. Interested parties should rely on their own enquiries. Some of our properties are marketed from time to time without price guide at the vendors request. This website may have filtered the property into a price bracket for website functionality purposes. Any personal information given to us during the course of the campaign will be kept on our database for follow up and to market other services and opportunities unless instructed in writing.
Listing description written by Daniel Heath, Presence Real Estate — reproduced as published, not verified by Districts.