7 Werona Street, North Lambton NSW 2299
This property is Off Market
- Last sold 8/1/2024 for $885,000. The Average property price in this area is $1,187,259, this is based on recent transactions.
- Internet speed Download 100 Mbps / Upload 40 Mbps
- Distance to the coast 5.93 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Potential Land Contamination risk
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
- 10/21/2024 36 MOREHEAD ST $1,400,000
- 10/14/2024 6 BUNN ST $850,000
- 9/30/2024 404 NEWCASTLE RD $725,000
- 9/9/2024 29 DENT ST $810,000
- 9/5/2024 2 ULAN RD $770,000
About Waratah - North Lambton
With an average age of 34, households expect an average monthly mortgage payment of $2,000 or a weekly rent payment of $440. The average family earns a weekly income of $2,383 with a typical household size of 2.5 and a 96.5% employment rate.
In North Lambton there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in North Lambton is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in North Lambton changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in North Lambton to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in North Lambton we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make North Lambton a better buying opportunity than it may have been in the past.
Public Transport
Waratah
Kotara
Sandgate
Warabrook
Honeysuckle
Newcastle Interchange
Cardiff
Adamstown
Broadmeadow
Hamilton
General Points of Interest
Junction Fair
Genesis Fitness
Tuff'n Up Boxing Gym
Visitor Centre
Emu Exhibit
Shallow Pool
Newcastle District Tennis Club
Charlestown Square
Newcastle Golf Club
Coghlan's Swim Centre
Population
(Country of Birth not stated 5%)
Are people healthy?
There are a recorded 1748 asthma sufferers and 631 people living with diabetes. In addition, 552 people have a heart/vascular condition and 1359 people live with three or more chronic diseases.A good place to invest in property?
Waratah - North Lambton a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
22 / 100
31 / 100
Industry
17 / 100
22 / 100
Population
15 / 100
19 / 100
House Prices
54 / 100
60 / 100
Jobs
23 / 100
29 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
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School CatchmentsLambton HS Lambton PS
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St John's Primary School
Lambton, NSW, 2299 Independent K-6 -
Jesmond Public School
Jesmond, NSW, 2299 State K-6 -
Waratah West Public School
Waratah West, NSW, 2298 State K-6 -
Lambton Public School
Lambton, NSW, 2299 State K-6 -
Heaton Public School
Jesmond, NSW, 2299 State K-6 -
Callaghan College Jesmond Senior Campus
Jesmond, NSW, 2299 State 11-12
Property Story
7 Werona Street, North Lambton, Nsw, 2299 is a residential property . The estimated distance to the sea is 5.93km and 0.62KM to vegatation considered to be a factor in bushfire risk.Local Developments
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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