2 High Street, New Lambton NSW 2305

3 bedroom house | corner block | dual income configuration | tightly held New Lambton location The property at 2 High Street presents a rare combination of immediate income and future optionality. Its corner positioning and dual-occupancy layout, configured as a two-bedroom unit with a separate one-bedroom unit, offer a buyer a clear income stream from day one while holding a 485 square metre block in a tightly held suburb. This makes the property uniquely suited to an investor seeking to offset holding costs or an owner-occupier wanting flexibility for multi-generational living. The absence of flood, bushfire, or heritage overlays reduces planning friction, and the New Lambton location provides strong demand fundamentals for capital growth. The main risk is that the dual configuration may limit straightforward redevelopment without council approval, and the property likely requires renovation to realise its full value. However, this also represents the opportunity: a buyer can improve the existing units to increase rental yield, or pursue a longer-term development play on the corner block as the suburb tightens further. The property should be held as a core holding with a view to either renovating for higher income or, in time, exploring subdivision potential under council guidance.