The rare row of circa 1892 terraces on Nobbys Road at Newcastle East have been progressively sold off in recent years by the Land and Housing Corporation.
Originally built to accommodate the heroic boatmen who were involved in shipwreck rescues during Port Hunter's early days, the two most recent sales - numbers 36 and 38 Nobbys Road - sold at auction for $860,000 and $835,000 respectively.
That's a long way from the sale price of the first terrace - No. 66 in October 2010.
It sold for $592,000, Australian Property Monitors data shows.
The Land and Housing Corporation has been selling off a couple of the terraces progressively since then.
Paul Johns, principal at Century 21 Carkeet Johns Smith Charlestown, said the increasing sale prices reflected both Newcastle's recent rising market and the growing confidence in the row as each terrace went to market and sold into private ownership.
"In the early days people were unsure as to how quickly they would sell and we have been using the same properties to assist people in where value might be," he said.
Mr Johns said the rarity of the row in Newcastle had also driven interest, given the only other similar properties are located in Sydney and Melbourne.
"Really, they are what they are and those who have acquired them have put their own little touches internally and are creating a nice lifestyle in a wonderful part of Newcastle. You don't need a car, you can walk to the foreshore and town."
Out of the 16 terraces, only two remain still to be offered for sale and Mr Johns was uncertain as to when that would be.
"It will be interesting to see what the next two bring when they do hit the market; they won't be making any more of them," he said.
What they got:
Source: Australian Property Monitors
Number 66 $592,000 October 2010
Number 64 $595,000 October 2010
Number 62 $608,000 March 2011
Number 60 $600,000 May 2011
Number 58 $686,000 December 2011
Number 56 $665,000 March 2012
Number 54 $730,000 January 2013
Number 52 $670,000 October 2012
Number 50 $680,000 March 2013
Number 48 $682,500 May 2013
Number 46 not offered to market as yet
Number 44 $690,000 September 2013
Number 42 not offered to market as yet
Number 40 $752,500 December 2013
Number 38 $835,000 November 2014
Number 36 $860,000 November 2014
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