A “jaw-dropping” home in Hamilton East is poised to set a new sale high for the suburb after being listed with a price guide of $2.7 million to $2.9 million.
George Rafty, of First National Newcastle City, is marketing 21 Everton Street, a five-bedroom federation residence with a contemporary extension which is set on 1332 square metres of land.
There are limited offerings to the market for the inner city suburb, whose median sale price rose to over $1 million for the first time last year.
According to Australian Property Monitors data, there were just 16 sales in Hamilton East last year with a median price of $1.37 million, up 52.2 per cent on the median price of $900,000 for 19 sales in 2016.
Read more: Redhead on high after $1.6 million sale
The biggest house sale to date, according to APM data, has been $1.825 million for a home in 2015.
“In my opinion, it definitely will be a suburb record but the home does warrant that because it’s a huge block and I don’t think you could replace the existing house, garaging and pool for under $1.5 million,” Mr Rafty said.
“The back of the house is one of a kind; it’s so unique. The front of the house, because it is in the garden suburb conservation area, is federation style but a contemporary theme has been adopted for the rear, and it’s quite stunning.”
There is a fully tiled swimming pool with a single lap lane and a covered cabana, entertaining area.
The home is open for inspection at 4pm on Saturday.
COMPLEX IN WATT STREET LISTED
An apartment complex in Newcastle’s Watt Street has “heaps of potential”, according to Walkom’s Scott Walkom.
The Cathona building, which features four large, classic Art Deco one-bedroom apartments and one commercial suite, has been listed with a price guide of $1.92 million to $2.1 million.
“It’s got a lot of potential maybe as furnished apartments or serviced apartments,” Mr Walkom said.
“The location is brilliant. It’s close to everything that’s benefiting from the revitalisation of the city and the light rail. It’s certainly a blue-chip area now.
“There’s also an older laundry area on the top floor which could be utilised for storage or additional units, subject to council approval.”
Read more: “Bullish” bidding on Darby Street
MARKET ENTRY IN MAYFIELD WEST
A one-bedroom apartment in a small, refurbished complex of just four residences on Maitland Road in Mayfield West presents “a great opportunity to secure a piece of property within Newcastle City Council”, according to Dalton Partners agent Scott Purnell.
Mr Purnell and Joanna Cook are marketing 1/521 Maitland Road with a price range of $345,000 to $355,000. It features a patio and a courtyard, polished floorboards, stone and gas kitchen, internal laundry and undercover parking.
It has its first inspection at 9.30am on Saturday.
HISTORIC HOME ON OVERSIZED BLOCK
A four-bedroom home, built circa 1900 and retaining plenty of original features in Maitland’s Regent Street, is expected to attract offers over $700,000.
Natasha McElwaine of McElwaine Estate Agents is marketing 2 Regent Street. The home is set on 971 square metres of land and has original stained glass windows, polished timber floors, decorative high ceilings and ornate fireplace.
“It was once the main street of Maitland and there are some beautiful properties through that pocket,” Ms McElwaine said.
It is open for inspection from 12.30pm on Saturday.
ORIGINALITY IN THE HEIGHTS
An original four-bedroom home in Ashbury Street, Adamstown Heights is expected to garner plenty of interest with a price guide of $630,000 to $690,000.
The home is being marketed by Century 21’s Nick Stewart, who said it would suit to investors or families.
It has an open house at midday on Saturday.
