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NSW › North Lambton › Newcastle Rd

308 Newcastle Rd, North Lambton NSW 2299

House

$620,000

Last sold

4 Nov 2021

4

Bedrooms

3

Bathrooms

0

Car spaces

598 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $620,000 (4 Nov 2021).(Recorded sale)
  • FactLand 598 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in North Lambton (last 5 years) with land size: median $1,749/m² of land (n=141). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

What this lot has actually traded at

Last sold

$620,000

4 Nov 2021 · 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.

See the full North Lambton report →

Vs North Lambton

-41.2%

Median sale

Suburb $1,055,000

+1.87 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 and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Sold$620,0004 Nov 2021
  2. Listedprice unknowncompleted22 Sept 2021

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

NSW

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

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. No recorded off-street parking — often a discount versus the suburb median for the same beds.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

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

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    NSW Valuer General land values are not loaded for this property yet.

  • Net yield / holding costs

    Unknown

    NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.

Area

North Lambton in one glance

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.

See the full North Lambton report →

Keep researching

  • Why North Lambton? Read the area thesis →
  • What else is on the market in North Lambton →
  • Other records on Newcastle Rd →

Listing material

Listed by Raine & Horne Maitland and Cameron Park

Attention Investors!

Looking for a property dead smack in the middle of everything?

Leased until March 2022, this property presents multiple options for the new owner; move in and make it your own, continue with the current excellent tenants beyond March next year or rent the property by room to really boost your return.

Located only 6km to the heart of Newcastle, close to public transport and a few minutes to the University and John Hunter Hospital. This prime main road position provides good on-street parking, easy access to Lambton's village Town Centre or major shopping at Jesmond's Stockland Mall.

Read the full description

This is a great property to get into the market or to add it your portfolio - it's sure to always be popular with Uni students or hospital workers or even City workers without cars needing ready access to public transport. If you're looking to be self sufficient the huge backyard with natural spring water and fertile soil would make an ideal market garden!

This property has 4 bedrooms, two downstairs and two upstairs. The two upstairs rooms have en-suites and there is another bathroom downstairs. Other features include a neat and tidy functional kitchen, a central living room plus an outdoor under cover living area. This property also has massive backyard complete with pergola for those Summer-time barbeques and parties.

Property Features include:

- Four beds, two with en-suites

- Modern well presented kitchen

- Neat & tidy functional main bathroom

- Central Living area

- Undercover entertaining area

-

Leased to excellent tenants until March 2022 (at $430pw)

- Rental Potential of $720 -$740 (if rented by room)

- Close to Uni, Hospital, CBD

- Transport at door

- Large 598 sqm block

This property is available to view by appointment only. For more information contact Paul Hartgers on 0425 392 985.

* Health & Safety Measures are in Place for Open Homes & All Private Inspections

* All inspection attendees will have to answer a health and safety survey to qualify for the inspection of the property

Listing description written by Paul Hartgers, Raine & Horne Maitland and Cameron Park — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Deck
  • Toilets: 3

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Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.