The roof has been raised for a third time this year on Tighes Hill with the $1.79 million sale of a unique property.
Cveta Kolarovski, of Cveta Property, marketed the warehouse conversion at 11 Bryant Street and reported strong interest out of Sydney before the property was secured by a Newcastle buyer.
"These are a niche market but it was an amazing property," Ms Kolarovski said.
Once a printing factory, the conversion embraced its industrial heritage with raw concrete ceilings, exposed brick walls and steel beams. A rooftop entertaining terrace offered 360-degree views and the multi-level home had three bedrooms, two bathrooms, office space, a games room, soaring ceilings, and a five-car garage.
According to Australian Property Monitors data, the property was sold for $1.35 million three years ago. In March, a $1.5 million sale for a Sparke Street home on Throsby Creek raised the suburb record from $1.38 million. That mark was eclipsed last month with the $1.625 million auction sale of 67 Elizabeth Street.
Another suburb record was also set in Lake Macquarie last weekend with the $1.782 million auction sale of 7 Saddlers Way in Wyee Point. The property was marketed by Mitchell Thomas, of McGrath Toukley, with pre-auction feedback around $1.5 million. There were six registered bidders for the custom-built five-bedroom, three-bathroom home with a pool on a 2.5-acre property that also featured a dam, paddocks and large shed. It surpassed the previous highest Wyee Point sale of $1.31 million, according to APM data.
It was not the top but was the second-highest sale for Carrington when Brett Bailey, of Ray White Newcastle and Lake Macquarie, sold Maison de May at 41 Young Street for $1.36 million.
The property featured a large terrace with a separate two-storey studio and had been used as bed and breakfast accommodation. The highest sale for Carrington remains $1.5 million, according to APM data, for another terrace in Young Street on a much larger block in 2017.
A grand residence with historic links to Waratah attracted plenty of interest before its quick sale. Maria Crawford, of Crawford Real Estate, listed the Victorian Italianate-style home at 41 High Street with a guide of $860,000 to $946,000. There were 15 private inspections before the first open home with a further 62 groups at the first official inspection. Thirteen contracts were issued with multiple offers and the home sold for $1.105 million prior to auction.
The home is believed to have been built in the 1860s for David Watson, a mayor of Waratah. The five-bedroom home was constructed of colonial bond brick, had lacework balconies, arched windows and doors, barley twist columns and pressed metal ceilings. It was on a block around 600 square metres in size and the buyers are reportedly familiar with restoration of heritage buildings.
A two-storey home with five bedrooms, two bathrooms and a pool on a 457 square metre corner landholding at 12 Turner Street in Lambton is understood to have been secured within its first week on the market for $1.22 million. It was launched to market by Premier Estate Agents on November 12 with a guide of $1.1 million to $1.2 million and sold on November 16.
A suburb record sale believed to be over $3 million was achieved for a Lambton home on nearly 4500 square metres of land in Karoola Road this year.
According to APM data, the median house sale price for Lambton has risen from $635,000 for 73 sales last year to $730,000 for the first 45 sales of 2020. The 2018 median sale price for Lambton was $720,000 for 88 properties.
Dalton Partners' Anthony Merlo said the popularity of Merewether Heights was once again confirmed last Saturday with the successful auctioning of 52 Sun Hill Drive.
The executive brick and tile residence was the family home of the Carney family for around 50 years. The property went to auction with a guide of $925,000 and Mr Merlo's gavel dropped at $1.14 million.
There were nine registered bidders and "quite competitive" bidding for a home that had been in the same family for almost 100 years at 45 Forbes Street in Carrington. It was marketed by Ray White's Brett Bailey with a guide of $750,000 and sold at auction last weekend for $776,000. The buyers plan to knock down the existing home to build a new house.
There were four active bidders for a home on The Hill that PRD marketed with a guide of $1.8 million. The home at 26 Anzac Parade sold under the hammer on November 11 for $1.905 million after a 10-day auction campaign.