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For Salehouse

2 High Street

New Lambton, NSW 2305, Australia
Price Guide On Request
3 bed 2 bath 2 car538m²

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About this property

Positioned on the corner of prized Queens Road, this versatile property opens the door to a whole range of possibilities. Currently configured as a two-bedroom unit and separate one-bedroom unit, it offers an immediate income stream for investors while leaving plenty of room to add value over time. Retain the current setup and continue collecting rent, renovate to maximise returns, or reimagine the site entirely on the generous 537.5sqm corner parcel. With its wide frontage and sought-after address, there's also exciting scope for a contemporary new build or duplex development (STCA). Families will also see the appeal in returning the layout to a traditional three-bedroom, two-bathroom home, with flexible living zones and separate access creating options for extended family, teenagers or work-from-home space. High ceilings, oversized rooms and the classic bones of the original home provide a solid foundation to update and personalise over time. The lifestyle factor here is equally compelling. Novocastrian Park is just 350m away for morning walks or kicking the footy around, while Alder Park is close by for weekend sport and the kids' playground. Blackbutt Village is an easy stroll for coffee and pastries from Euro Patisserie or an easy pub meal at the Blackbutt Hotel. Westfield Kotara sits just 2km away for shopping and rooftop dining, while John Hunter Hospital can be reached in around six minutes. -Generous 537.5m2 corner block with development potential -Two separate single garages -Current rental return - 1 bed $335 per week. 2 bed $450 per week -Stroll to IGA, Blackbutt shops, moments to McDonald Jones Stadium, Blackbutt Reserve -New Lambton Sth Public 1.2km, St Therese's Primary 1.3km, Trinity Catholic College 2.2km, HSPA 2.3km, Kotara High 2.8km -UoN 6.2km, Merewether Beach 6.1km, Newcastle Interchange 7km * This information, including but not limited to photographs (which may show boundaries), copywriting, floorplans, and site plans, has been prepared solely for the purpose of marketing this property. While all care has been taken to ensure accuracy, we do not accept any responsibility for errors, omissions, or inaccuracies. We strongly recommend that all interested parties make their own enquiries and seek independent advice, including speaking with their conveyancer regarding boundaries and, where appropriate, obtaining a surveyor's report, to verify the information provided.

Property Features

    View full listing on Domain

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    Repayment calculator

    $6,787/month
    $3,394 /fortnight
    Loan $1,120,000 at 6.10% over 30 years

    Price estimated from comparable nearby — edit below to use your own number

    Upfront costs

    Deposit$280,000
    Stamp duty$57,224
    Conveyancing (est.)$2,000
    Total upfront$339,224
    Verify with NSW revenue office →
    Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

    Property Details

    Property Type
    house
    Listing Type
    For Sale
    Bedrooms
    3
    Bathrooms
    2
    Parking
    2
    Land Area
    538m²
    Listed
    Today

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