21 Turana Parade North Lambton

$545,000

6 3 2
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You Win Some, You Lose Some

Sometimes, without warning, opportunity knocks. There has been a recent fire in this six bedroom, three bathroom, double garage brick and tile home. On initial inspection it appears to have extensive structural damage but for the professional eye there are positive signs for repair.

Not for the faint hearted, but real opportunities generally aren't. In the words of Lyndon B Johnson, "Yesterday is not ours to recover, but tomorrow is ours to win or lose". There is roof & wall damage throughout however being a raised brick home with double garage beneath this home has a solid foundation to work from. There is also an older concrete pool at the rear of this property.

Positioned on the high side of the street in the desired suburb of North Lambton, the 582 m2 block backs onto a reserve. Newcastle University is within walking distance, 15 minutes to Newcastle beaches and direct access to Newcastle CBD and Maitland link roads.

Rebuild using the present structure, clear the block and build new or develop with a smart town house development (subject to NCC). No matter which way you go, it will be a win win situation in this location where land opportunities are extremely rare.

For further details contact exclusive listing agent Allen Reece on 0409 814 400 or speak to the sales department on 4950 2025

Property Features

  • Land Size : 582.00 m2
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Property ID: 3456552

Allen Reece

Allen Reece

0409 814 400

Location map for 21 Turana Parade North Lambton

Contact Office

Reece Realty Newcastle

22 Blue Gum Road

JESMOND 2299

T 02 4950 2025

F 02 4950 2024

This information has been provided to us by third parties and we do not accept any responsibility for its accuracy. You should make your own enquiries and check the information so as to determine whether or not this information is in fact accurate. You must make your own assessment and obtain professional advice if necessary.