Property Watch: Nothing rains on buyers’ parade

Property Watch: Nothing rains on buyers’ parade 8 Bluewater Ave, Fassifern.

22 Anzac Parade, The Hill

22 Anzac Parade, The Hill

67 Bruce Street, Cooks Hill

TweetFacebookRobinson runRobinson Property is continuing itsrecord run, with stand-out sales in Blacksmiths and Merewether.Close to the beach, a six-bedroom home at 2 Mallawa Street, Blacksmiths,sold firstweek on the market for a suburb record of$920,000.

Ben Robinson said the previous record was$890,000, set by 5 Bali Street.

Local buyers also handed over $1.6million before auction for aknock-downcottage on 622sqmat 41 Curry Street, Merewether. Mr Robinson said the result was a record land price for the suburb.

Prestige pushA striking double-brick (circa 1920s) five-bedroom home in the heart of Newcastle, has sold before auction forfor $2.45million.

Listing agent Mark Kentwell, of PRD Newcastle, said 22 Anzac Parade, The Hill,was originally assessed at $2million to $2.2million,but pre-auction offers from the agency’sdatabase clearly showed that the prestige offering would achieve more.

“By the time we were publicly on the market for 10 days, I was working with a total group of nine interested parties from as far away as UK (expat with family in the area), Melbourne, Sydney the Hunter Valley, Lake Macquarie and the local suburbs,” Mr Kentwell said.

He updated the price guide several times in that period.

“Two buyers took it all the way to a price of $2.45million prior to the June 20 auction,” he said.

“The eventual buyer was a Sydney family returning to the area.”

The property’sstandout features were its land size (822 square metres), views, gardens and character.

“It’s ahard combination to get in this location,” Mr Kentwell said.

“Many of the buyers looking to get intothis 2300 postcode are coming on the back of the urban renewal of the Newcastle CBD”.​

Cooks Hill shinesThree local bidders ignored the weekend drizzle to fight it out for 67 Bruce Street, Cooks Hill, last Saturday.

Auctioneer Sean Redpath, of McGrath Newcastle, said thefive-bedroom, two bathroom house, featuring an ultra-modern revamp and extension, waspassed in at $1.45million but, after negotiations with the highest bidder, was sold under auction conditions for $1.55million.

It was bought by a family relocating from Wallsend.

Selling agents for the property wereMr Redpath andKirstie Shaw, of McGrath Newcastle.

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