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

Price Guide $1,800,000

Block Of Units
Type
5
Bedrooms
4
Bathrooms
4
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

  • 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

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.

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.
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

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

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