Position, within 200 metres of the harbour, was important and they have loved “being able to walk everywhere”. But there was also the rare offering of having a double lock-up garage as well as a separate secure tandem carport. The home enjoys a corner block location with access off both Grey and Union streets.

“We were running a small business at the time and needed somewhere to work from, so having the double garage appealed to us,” Derek said.

The home itself has plenty of appeal. Built circa 1910, it has been updated for modern living without forgoing traditional charm. There are three bedrooms, two bathrooms and a modern kitchen which extends to a “fabulous” and well-used outdoor entertaining area.

“It’s a real surprise for people that come in because there’s so many old houses around these streets that people expect to see old interiors as well, and it’s not the case,” Derek said.

The Thompsons have lived at 43 Grey Street since 2011 but are downsizing.

The home is being marketed by George Rafty, of First National Newcastle City, with a guide of $1 million to $1.1 million. It is set for an on-site auction on February 23 and is open for inspection at 11am Saturday.

It has easy access to Honeysuckle restaurants and bars, harbourside pathways and the Newcastle Interchange.

The property has a mixed use zoning, allowing for use as home office or office suites.

Features include timber floors, high ceilings, stained-glass windows, plantation shutters and a caesarstone kitchen.

“It’s a beautifully presented home,” Mr Rafty said. “And it’s a freestanding house on a corner block with lots of off-street parking and it’s a stone’s throw to the harbour.

“It’s like apartment living but it’s a home.”