Widespread interest, believed to include a well-known Newcastle identity as well as local, Sydney and interstate developers, has come for a sizeable home on a large block in Lambton.
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The home with six bedrooms and three bathrooms is on a battleaxe block 4488 square metres in size and is on the market for the first time since being built in 1985.
Joel Soldado and Luke Wilson, of Harcourts Newcastle, are marketing 1A Karoola Road through expressions of interest, closing June 5. A price guide has not been set but the property is expected to set a new record for Lambton.
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It is positioned close to Lambton Pool, parks and schools and Mr Soldado said has the development potential for up to 20 townhouses or multiple homes, subject to council approval.
"We've got some big developers looking at it but it might also be quite suitable for someone who wants to build a large family home on it," Mr Soldado said. "It's 1.1 acres in suburbia, so it's very desirable. For the house, you're looking at over 400 square metres of internal floor spacing."
It is open Saturday at 11am.
Caves comfort
From one large offering to another, Belle Property Charlestown's Neil Fry has listed a four-bedroom house with a pool on a block 1005 square metres in size at 6 Rose Close in Caves Beach that he said has generated strong early interest. It has a guide of $1.2 million to $1.3 million.
"It's got a fair bit of character, has a nice, open plan and a big private backyard, which is not easy to come by," Mr Fry said. "It's at the end of a cul-de-sac and a very quiet location but you're just at the heart of everything, within walking distance to the shops, the coffee shop and the beach."
It is open Saturday at 2.30pm.
Auction Action
Raine & Horne Newcastle will auction one of Stockton's most recognisable homes on Saturday when 82 Mitchell Street goes under the hammer with a guide of $1.1 million at 1pm. It is on the market for the first time since being built in 1902 and has a B2 commercial centre zoning.
Listings over $1m
Dalton Partners New Lambton are selling a contemporary home with six bedrooms, three bathrooms and a pool at 11 Grand Valley Way, New Lambton Heights with a guide of $1.25 million.
A four-bedroom, three-bedroom house with a pool at 204 Scenic Drive in Merewether Heights is on the market through McGrath Newcastle City with a guide of $1.2 million to $1.3 million.
Ray White Newcastle Lake Macquarie have a three-bedroom cottage at 41 Harle Street in Hamilton South for $950,000 to $1.05 million.
Listings $500,000 to $1m
A three-bedroom home positioned on a corner block footsteps from Blackbutt Village, Novocastrian Park and Blackbutt Reserve at 51 Orchardtown Road, New Lambton has been listed through Dalton Partners New Lambton with an auction guide of $625,000.
Dalton Partners New Lambton are also marketing a one-bedroom, top-floor apartment over looking Lake Macquarie in Water's Edge at 603/482 The Esplanade in Warners Bay for $579,000.
A two-bedroom, two-bathroom apartment on the penthouse level of Water's Edge is being sold through PRD at 704/1 Howard Street with a guide of $900,000 to $990,000.
Listings under $500,000
Ray White Maitland are selling a three-bedroom home at 33 Clarke Street in Wallsend for $460,000 to $490,000. A renovated two-bedroom townhouse at 4/7A Section Street in Mayfield is being sold by Dowling Property Group with a guide of $440,000 to $460,000.
