Early interest has come for a unique waterfront property in Lake Macquarie that has two dwellings including a self-contained and refurbished 1940s fisherman’s cottage.
Mark Campbell, of LJ Hooker Toronto, is marketing 223 Fishing Point Road at Fishing Point and will take the 1477-square metre property to auction on December 6 with offers expected around $1 million.
“It is entry point for a waterfront on Lake Macquarie but you do have a lot of work to do,” Mr Campbell said.
“I’ve had a lot of enquiry from all up and down the eastern seaboard. There have been a couple of people from Queensland, a few buyers from Sydney, one from Port Macquarie and a really good spread of interest.
“They have been wowed by the block and also the fact that the cottage is so unique. Where are you going to find another one?”
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The fisherman’s cottage has direct access to its own private beach.
“You would never be able to replicate that there because you wouldn’t be able to build that close to the water,” he said.
“It’s basically only allowed to be there because it’s pre-existing.
“It is a real escape and you really feel like you’ve been transported to another world down there.”
The second dwelling, an original two-bedroom house, enjoys an elevated position on the block with 180-degree views of Lake Macquarie and development potential.
SURPRISING RESULT IN THE GARDENS
Demand proved strong for a block of land in Birmingham Gardens before it sold for over $1 million.
Tom Lemke and Roger Ingham, of First National Newcastle City, marketed the 1600 square metre site of the former St Paul’s Church with a guide of $630,000 to $680,000 plus GST.
Eleven bidders registered for the auction last Saturday and after 30 bids the property sold under the hammer for $1.01 million.
Location, close to the University of Newcastle, and development potential were key selling factors.
It is believed to be a record sale for the suburb.
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AUCTION ACTION
There were five registered bidders for a 1970s home on over 1000 square metres in an “idyllic part of Dudley” before it sold under the hammer for $960,000 on November 10. Robinson Property’s Mike Flook marketed the tightly held four-bedroom home at 31 Seacourt Avenue.
On Saturday he takes another 1970s residence to auction, this one at 38 Woodward Street in Merewether with views across the city and ocean. It is set for 2.15pm with a guide of $1.8 million.
ATTRACTIVE PRICE
More action is expected in Merewether when First National’s George Rafty takes 100 Janet Street to auction at 1.30pm on Saturday with a guide of $1.5 million to $1.65 million.
“It’s Merewether, it’s a great period home on a large block of land and the price point is attractive,” Mr Rafty said.
A Kevin Snell-designed masterpiece at 60 Dilkera Avenue, Valentine is set for auction on Saturday at 11.15am with a guide of $1.75 million to $1.85 million.
UNDER $500K
Todd Mason, of McGrath New Lambton, has listed a property with scope for development at 147 Bridges Road in New Lambton with a guide of $400,000 to $440,000. It is open at 12.45pm on Saturday.
LOWNDES IN TOWN
National automotive retailer Autobarn has moved into the Heatherbrae homemaker centre which was recently purchased by Sentinel Property Group for $23.3 million.
It opens Saturday and on Wednesday V8 Supercars legend Craig Lowndes will make a guest appearance from 2.45pm to 3.45pm.
