For sale
1-5/20 Railway Road,
New Lambton 2305, New South Wales
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Property details
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Agents
Block of 5 Units - Excellent Returns in Well Maintained Low Maintenance Complex
Currently returning $86,060 per annum with total potential returns of approximately $107,900* per annum fully let, the property provides an immediate multi-income stream, with potential to increase rental income through market adjustments and further unlock value through the subdivision of the existing units into five separate strata-titled lots, subject to the necessary approvals.
Each one-bedroom unit provides a functional, low-maintenance layout, complemented by shared laundry facilities and four undercover carport parking spaces. The established configuration presents a straightforward investment opportunity today.
The approximately 556m2, predominantly rectangular and level site benefits from approximately 16.9m frontage to Railway Road, with side boundaries of approximately 33.6m and a rear boundary of approximately 16.9m.
Located within close proximity to New Lambton's village precinct, local shops, cafes, transport connections, quality schools and major employment hubs, the property benefits from strong tenant appeal and the suburb's highly convenient lifestyle offering.
Whether held as a secure multi-income investment, explored for strata subdivision or considered for future enhancement, 20 Railway Road offers the opportunity to acquire an established asset with genuine scope to unlock further value in one of Newcastle's most sought-after residential locations.
Property Highlights
• Five existing one-bedroom residential units
• $86,060 per annum current rental return
• Potential rental income of $107,900 per annum*
• 556m2* level R2 Low Density Residential site
• Approx. 16.9m Railway Road frontage
• Approx. 33.6m side boundaries
• Shared laundry facilities
• Undercover carport parking for four cars
• Potential to subdivide into five separate strata-titled lots (STLCA)
• Tightly held New Lambton location
• Strong existing income with future upside
Property Details
• Sale Method: Private Treaty
• Settlement Period: 35 days
• Council Rates: $2,916.00 per annum
• Water Rates: $5,276.52 per annum
• Current Rental Income: $86,060.00 per annum
• Potential Rental Income: $107,900.00 per annum*
• Zoning: R2 Low Density Residential
• Land Area: 556m2*
To arrange a private inspection please contact the agent or email for full information pack.
Disclaimer: We have obtained this information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations and make their own enquiries.
*Potential rental income based on current rents, including an estimated $420 per week for Unit 1 if leased. Figures are estimates only and subject to market conditions and change. Land area approximately.
Inspections
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School catchments
- New Lambton Public School Primary K-6 Government 0.70km
- Lambton Public School Primary K-6 Government 0.90km
- St John's Primary School Primary K-6 Catholic 0.99km
- St Therese's Primary School Primary K-6 Catholic 1.0km
- Lambton High School Secondary 7-12 Government 1.2km
- New Lambton South Public School Primary K-6 Government 1.6km
- Hunter School of Performing Arts Combined K-12 Government 1.8km
- Waratah Public School Primary P-6 Government 1.9km
- St Philip's Christian College - Waratah Combined K-12 Independent 2.0km
- Jesmond Public School Primary K-6 Government 2.1km
- Trinity Catholic College Secondary 7-11 Catholic 2.2km
- Callaghan College Jesmond Senior Campus Secondary 11-12 Government 2.3km
- Hamilton North Public School Primary K-6 Government 2.3km
- Callaghan College Waratah Campus Secondary 7-10 Government 2.3km
- Waratah West Public School Primary K-6 Government 2.4km
- Corpus Christi Primary School Primary K-6 Catholic 2.4km
- Heaton Public School Primary K-6 Government 2.5km
- Adamstown Public School Primary K-6 Government 2.5km
- St Columba's Primary School Primary K-6 Catholic 2.6km
- Merewether High School Secondary 7-12 Government 2.7km
- Kotara High School Secondary 7-12 Government 3.2km
- San Clemente Catholic College Secondary 7-10 Catholic 4.1km
- Hunter Christian School Combined K-12 Independent 4.1km
- St Francis Xavier's College Secondary 7-12 Catholic 4.2km
- Callaghan College Wallsend Campus Secondary 7-10 Government 4.7km
- Newcastle High School Secondary 7-12 Government 4.8km
- Awabakal Environmental Education Centre Combined Government 4.9km
- Newcastle Waldorf School Combined K-12 Independent 5.1km
Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.
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Contact Darren Penn
Contact Darren Penn
Darren Penn
1-5/20 Railway Road, New Lambton NSW 2305
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Darren Penn
1-5/20 Railway Road, New Lambton NSW 2305