114 Janet Street, North Lambton, NSW 2299

This could be your next investment property. Situated as two separate villas on a single title, this unique property presents an excellent opportunity for investors, owner-occupiers or families looking for flexible living arrangements.

Whether you’re looking to secure a dual-income investment, live in one villa while renting out the other, or have parents or adult children living independently right next door, this property offers plenty of options.

Positioned in a central location within the lower Newcastle region, the property is just 1km from the University of Newcastle, making it particularly appealing to tenants and investors. The Water Board Bowling Club is literally next door, offering an easy option for lawn bowls, meals and drinks, while Jesmond shops are just a short 3-minute drive away at approximately 1.2km.

Both villas are currently occupied by long-term tenants who are keen to remain, providing an attractive opportunity for an investor looking for an established rental arrangement and a smooth transition.

Constructed from brick and designed for low-maintenance living, each villa features two bedrooms, an open-plan living and dining area adjoining the kitchen, and its own single lock-up garage. With both properties on one title, there are also no strata fees payable, helping to keep ongoing costs to a minimum.

Property Features
*Two separate two-bedroom villas on one title
*Dual-income investment opportunity
*Two single lock-up garages
*Two bedrooms in each villa
*Open-plan living and dining areas
*Low-maintenance brick construction
*Long-term tenants currently in place
*No strata fees payable
*Approximately 1km to the University of Newcastle
*Approximately 1.2km to Jesmond shops
*Water Board Bowling Club right next door
*Ideal for investors seeking strong rental returns
*Flexible option for shared family living
*Live in one villa and rent out the other

Combined rental return of $870 per week.

An opportunity like this offers flexibility that is hard to find — whether you’re an investor chasing dual rental income or a family looking for separate yet connected living arrangements, this property is well worth inspecting.
Council rates approx $571 p/q
Water rates approx $280 p/q

Disclaimer: We have obtained all information from sources we believe to be reliable; however we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

Type

Duplex Semi-detached

Bedrooms

4

Bathrooms

2

Parkings

2

Area

553 m²