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1-4/59 Womboin Road, Lambton, NSW 2299-Image

1-4/59 Womboin Road, Lambton, NSW 2299-Floorplan

1-4/59 Womboin Road, Lambton, NSW 2299

Price Guide $1,800,000

Block Of Units

Type

Bedrooms

Bathrooms

Parkings

464.3 m²

Area

Last updated on Monday, July 06, 2026 ( See property details for 1-4/59 Womboin Road, Lambton, NSW 2299)

Price Guide $1,800,000

Michael Flook - Real Estate Agent - Robinson Property - The Junction

Michael Flook Licensed Real Estate Agent

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Amanda Langlands - Real Estate Agent - Robinson Property - The Junction

Amanda Langlands Licensed Real Estate Agent

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A modern, low-maintenance block of four fully leased units in a prime Lambton location, offering strong income and future flexibility.

🏡 Property Highlights

Fully leased block of four single-level units generating a gross income of $89,440 per annum
Recent upgrades including a brand-new roof and updated meter board
Low-maintenance, modern interiors with freshly painted walls and updated kitchens and bathrooms
Flexible investment opportunity with options to retain or sell units individually
Prime location close to Lambton High School, McDonald Jones Stadium, and New Lambton's vibrant café strip
Solid investment with multiple income streams in a desirable suburb

✨ Key Features

Garage
Outdoor Area
Built-in Robes
Open-Plan Living
Ensuite
Security Screens / Gates
Fly Screens
NBN / High-Speed Ready
Extra Storage (Shed/Linen)
Waterfront / Views

Suburb and Property Insights of Lambton, NSW 2299

Lambton is a vibrant suburb renowned for its community atmosphere, excellent schools, and proximity to major amenities. Key highlights include its convenient access to Newcastle University, the bustling café and shopping precinct of New Lambton, and nearby beaches. The area offers a mix of residential comfort and lifestyle appeal, making it highly desirable for both tenants and investors. With excellent transport links and local sporting venues like McDonald Jones Stadium, Lambton provides a dynamic and accessible living environment.

Frequently Asked Questions

What is the current rental income and potential for future growth?

The property currently generates a gross income of $89,440 per annum, with potential for rental growth depending on market conditions and lease renewals.

Are there any recent upgrades or renovations?

Yes, the units have been recently painted, with updated kitchens and bathrooms, and the roof and meter board have been upgraded.

What are the zoning and development restrictions?

The property is zoned R2, allowing for residential development, with a block size of 464.3 sqm and dimensions of 15.39m x 30.17m.

Is the property suitable for owner-occupiers or only investors?

The property is ideal for investors seeking reliable income, but individual units can also be sold separately to owner-occupiers in the future.

What are the nearby amenities and lifestyle attractions?

The property is close to Lambton High School, McDonald Jones Stadium, New Lambton's café strip, Westfield Kotara, John Hunter Hospital, and Merewether Beach.

What to ask about this property to agent?

Are there any upcoming planned developments or zoning changes in the area that could affect the property's value? What are the strata or body corporate fees and responsibilities for the units? Are there any existing or potential easements, covenants, or restrictions on the property? Has the property been inspected for structural issues or pest infestations? Are there any flood or bushfire risks associated with the location? What are the costs involved in maintaining the shared amenities and common areas? Is there any history of disputes among tenants or with the strata management? Are there any planned infrastructure projects nearby that could impact the property? What are the terms of the current leases, and when are they due for renewal? Are there any additional costs or fees not included in the current gross income estimate?

1-4/59 Womboin Road, Lambton, NSW 2299 - More Details

Price Guide $1,800,000

Presenting an exciting opportunity to secure an entire block comprising four single-level units, three one-bedders and one two-bedder. Each residence has been freshly painted and has an updated kitchen and bathroom, own carport along with access to a shared laundry, creating a straightforward, low-maintenance setup that tenants appreciate.

Recent upgrades strengthen the investment, including a brand-new roof and an updated meter board. Owner has recently had the units strata titled. Fully leased and returning a gross $89,440 per annum, it's a ready-made income producer from day one.

The solid return and multiple income streams also make it a compelling addition to a self-managed super fund, offering dependable cash flow with flexibility for the future. Investors can retain the block and enjoy all four rentals or sell the units individually over time to owner-occupiers or investors.

Location only adds to the appeal. Lambton High School and McDonald Jones Stadium sit just steps away, while New Lambton's lively café and shopping strip is only minutes from home. Westfield Kotara, John Hunter Hospital and the beach are all within easy reach, rounding out an investment that's both smart and highly desirable.

- Single level brick apartment block of four residences
- 464.3sqm block, zoned R2, 15.39m X 30.17m
- Unit four at rear features two bedrooms, units 1-3 each feature one bedroom
- Each with electric-equipped kitchen, modern shower bathroom, carport, shared laundry
- Currently returning a combined $89,440pa
- University of Newcastle – 4.8km, Honeysuckle – 5.7km, Merewether Beach – 7km,
- New Lambton Public School and Lambton High catchment zones

Click here to register for the Auction: https://buy.realtair.com/properties/242255

Type: Block Of Units
Bedrooms: 5
Bathrooms: 4
Parkings: 4
Area: 464.3 m²

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Email Enquiry To Robinson Property - The Junction

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1-4/59 Womboin Road, Lambton, NSW 2299

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