Ocean views were the “big seller” for a property in Dodds Street, which was secured prior to auction and is believed to be a residential sale record for Redhead.
Gary Jones, of Creer Property, marketed 27 Dodds Street, which sold two days out from its scheduled auction last Saturday for $1.6 million.
“It is in a really great location at the best of times and this home was right on the peak of the hill and had the best views in Dodds Street,” Mr Jones said.
The five-bedroom home was on a block nearly 700 square metres in size with rear-lane access.
The buyer came from out of town and Mr Jones said there was growing interest in the coastal suburb with “a few good sales in Redhead in the past six months”.
According to Australian Property Monitors data, the median residential sale price for Redhead rose from $831,000 for 41 sales in 2016 to $920,000 for 33 sales in 2017.
McGrath Estate Agents’ Andrew Smaus sold 43 Fourth Street in Adamstown for $900,000, which he believed to be a suburb record for a two-bedroom home.
The home had been totally renovated and was only on the market for 12 days.
A five-bedroom residence in Bardia Road, Shortland was sold for $650,000 as the outer suburb continues to show steady growth.
In Wallsend, a three-bedroom home on over 1000 square metres in Bunn Street sold for $626,000 while a five-bedroom residence built over two levels in Wallsend’s Birchgrove Street sold for $775,000.
A two-bedroom apartment at 6 Watt Street, Newcastle with harbour views was bought for $1.075 million while a Victorian terrace in Young Street, Carrington sold for $1.070 million.
There was a $1.6 million sale in National Park Street, Merewether and an historic terrace in Perkins Street, Newcastle sold for $1.26 million.
Read more: “Bullish” bidding on Darby Street
