There was plenty of activity in Maryville’s McMichael Street last year and now it is believed to house a suburb record.
A brand-new four-bedroom residence at No.16 was marketed by First National Newcastle City. It passed in at auction on March 17 then was for sale with a guide of $1.35 million to $1.45 million before being bought for an undisclosed sum.
The previous highest sale for Maryville was $1.177 million, according to Australian Property Monitors data.
That price was paid for a home in Estell Street in 2015.
The McMichael Street home was built by builder John Thomson, owner of Paddington Properties.
He paid $1.1 million for 16 McMichael Street early last year. The block was over 600 square metres in size, had a double frontage and featured an original three-bedroom weatherboard home.
It comprised two titles and the land has now been subdivided. The other block is vacant but is set for a new home of its own.
Read more: Local property news
The new home has an alfresco area on both levels. Both have built-in barbecues, outdoor kitchens and wine fridges. Downstairs, as well as an inground pool there is a outdoor spa with rainwater shower.
Once a working class suburb, shunned for its proximity to heavy industries, Maryville has experienced a rapid rise in popularity for home owners in recent years.
Last year, according to Australian Property Monitors, Maryville experienced growth of 26.3 per cent with the median residential sale price rising from $590,000 for 23 sales in 2016 to $745,000 for 27 sales last year.
Nine of those sales were in McMichael Street, including $1.175 million being paid for a four-bedroom home.
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