2 High Street, New Lambton, NSW 2305

$1,300,000

House
Type
3
Bedrooms
2
Bathrooms
2
Parkings
537.5 m²
Area

Last updated on Saturday, June 20, 2026 ( See property details for 2 High Street, New Lambton, NSW 2305)

$1,300,000

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A versatile corner property in New Lambton offering income potential, development scope, and family living options in a sought-after location.

🏡 Property Highlights

  • Versatile corner block with development potential (STCA).
  • Currently configured as two separate income-generating units.
  • Generous 537.5sqm parcel with wide frontage for future redevelopment.
  • Excellent rental income with $335/week for 1 bed and $450/week for 2 bed units.
  • Prime location close to parks, shopping, and amenities.
  • Potential to convert into a traditional 3-bedroom, 2-bathroom family home.

✨ Key Features

  • Garage
  • Open-Plan Living
  • Built-in Robes
  • Outdoor Area
  • Ceiling Fans
  • Security Screens / Gates
  • Fly Screens
  • Waterfront / Views
  • Home Office / Study
  • Extra Storage (Shed/Linen)

New Lambton is a vibrant suburb renowned for its family-friendly parks, excellent local amenities, and convenient access to Newcastle’s beaches and city centre. It offers a strong community atmosphere, diverse shopping options, and excellent schools, making it ideal for families and investors alike. The area’s proximity to major transport links ensures easy commuting and access to key destinations. With its blend of lifestyle and development opportunities, New Lambton continues to attract discerning buyers seeking both comfort and growth potential.

Can the property be redeveloped or subdivided?
Yes, the generous 537.5sqm corner block offers potential for redevelopment or subdivision (STCA), making it suitable for duplex development or a new build.
What are the current rental incomes and lease terms?
The property currently generates $335 per week for the one-bedroom unit and $450 per week for the two-bedroom unit, providing an immediate income stream.
Are there any planning restrictions or zoning considerations?
Potential buyers should consult local council regulations and obtain necessary approvals for development or subdivision to ensure compliance with zoning laws.
What is the condition of the existing structures?
The existing home features high ceilings, oversized rooms, and solid bones, providing a strong foundation for renovation or updating to suit personal preferences.
Is there scope for extending or renovating the current layout?
Yes, the current configuration allows for returning to a traditional three-bedroom, two-bathroom layout with flexible living zones and separate access.
Are there any hidden costs associated with developing or renovating the property, such as council fees or easements? Has a recent survey been conducted to confirm boundary lines and land size? Are there any existing planning restrictions or overlays that could impact development plans? Is the property located in a flood or bushfire-prone area? Are there any nearby construction or planning activities that could affect the property’s value or livability? What are the strata or body corporate considerations, if applicable? Are there any easements or covenants registered on the title that could limit development? Has the property been inspected for structural issues or defects? Are there any ongoing or upcoming infrastructure projects in the vicinity? What are the zoning regulations and potential for future rezoning in this area?

2 High Street, New Lambton, NSW 2305 - More Details

$1,300,000

Type
House
Bedrooms
3
Bathrooms
2
Parkings
2
Area
537.5 m²

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