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
$785,000
Last sold
19 July 2024
3
Bedrooms
1
Bathrooms
1
Car spaces
480.6 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
$785,000
19 July 2024 · derived via latest_sale
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
-25.6%
Median sale
Suburb $1,055,000
+0.91 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 EstateAt the highest point of North Lambton, in the aptly named Summit Street, sits a spacious timber cottage waiting to be discovered for its current home comforts, and exciting future potential.
Behind the unassuming exterior, you'll find a comfortable family home, blending the timeless features of its art deco origins with modern amenities. Features adding richness to the home's interior include polished hardwood timber floors, decorative cornices, expansive light-filled sash windows, picture rails, and in one of the bedrooms a gorgeous art deco fireplace.
Renovations include a classily renovated family bathroom and a glossy modern kitchen with stone benchtops and stainless-steel appliances, set at the heart of a spacious open-plan living and dining area. This family space opens out from French doors onto a large timber deck built for entertaining. Showcasing panoramic views of Mount Sugarloaf and the surrounding blue hills while enjoying a sunny north-facing aspect, this is the perfect spot to host a barbecue, kicking back with a bevvy, while watching kids and pets at play within the quintessential Aussie back yard. When you stand looking out at the views, you may be tempted to consider adding a level to this home, perhaps moving the living spaces upstairs and bedrooms downstairs to maximise the 360-degree panoramic vistas another level would provide (STCA).
The good-sized block presents a mix of lush lawns and shady spots, with ample places to play and explore, alongside an aviary, chook shed and potting area – ideal for those with green thumbs to propagate magic.
This inviting home is situated in a very convenient location, only minutes to the Uni, Jesmond Central, and easily accessible to major arterial routes. Families will appreciate the wide range of schools available, all under a kilometre away. There's plenty to do on the weekends as well, making use of this area's plethora of lush parks and playing fields. Plus, if you're a pooch owner, you'll love the short walk to the fabulous North Lambton off-leash dog park.
This home is a must-see for its family comfort, stunning views, and potential to add value with a second-floor extension. Inspect today!
Features include:
- Behind the unassuming exterior of this timber cottage, you'll find timeless art deco features combined with modern amenities.
- Spacious open-plan living and dining room includes a split system air-conditioner for climate comfort.
- Modern, glossy kitchen features stone benchtops, gas cooktop, stainless steel dishwasher, large pantry, and breakfast bar.
- Three good-sized bedrooms, with two including generous built-in robes.
- Classily renovated family bathroom with a shower/bath combo.
- Timber deck built for entertaining, showcasing views of Mt Sugarloaf and surrounding hills.
- External access to a full-sized laundry.
- The quintessential Aussie backyard, complete with a single garage, chook shed, aviary and potting shed (and even an outdoor loo).
- Located in a quiet street close to schools, shopping centres, parks, playing fields and transport.
- Potential for second floor extension to maximise the panoramic views (STCA).
Outgoings:
Water rates: $908.22 approx per annum
Council rates: $2,168 approx per annum
Disclaimer:
All information provided by Presence Real Estate in the promotion of a property for either sale or lease has been gathered from various third-party sources that we believe to be reliable. However, Presence Real Estate cannot guarantee its accuracy, and we accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements in the information provided. Prospective purchasers and renters are advised to carry out their own investigations and rely on their own inquiries. All images, measurements, diagrams, renderings and data are indicative and for illustrative purposes only and are subject to change. The information provided by Presence Real Estate is general in nature and does not take into account the individual circumstances of the person or persons objective financial situation or needs.
Listing description written by Diana Apostolovski, Presence Real Estate — reproduced as published, not verified by Districts.