Strong sale results at auctions across Newcastle and Lake Macquarie
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Auctioneer Luke Jones, of Reynolds Auctions, controls proceedings at 16 Clarence Road, New Lambton on February 13.
It was another weekend of spirited auctions across Newcastle and Lake Macquarie with the biggest talking point being a hot result in New Lambton.
First National Newcastle City's Mathew Iuliano took a renovated five-bedroom house at 16 Clarence Road to auction last Saturday with a guide of $930,000. There were 22 registered bidders at the on-site auction, conducted by Luke Jones of Reynolds Auctions.
The weatherboard home was positioned on a north-facing block 442 square metres in size with rear access via Clarence Lane.
Bidding opened at $1.2 million with six of the registered bidders active and Jones' gavel finally fell at $1.61 million, which is understood to have been $580,000 above reserve. The property had attracted over 200 inspections throughout its marketing campaign.
This New Lambton house was marketed with a guide of $930,000 and sold at auction for $1.61 million.
There were three bidders competing for a fully renovated three-bedroom house on a 651 square metre block at 5 Cowper Street, Charlestown. First National's Tom Lemke marketed the property with a guide of $650,00 to $700,000. It sold under the hammer for $712,500.
In Glendale, a street record of $762,000 was set at the auction sale of a dual-level, four-bedroom brick house at 80 Graham Street. Belle Property Lake Macquarie's Anthony Di Nardo marketed the home with a guide of $675,000. There were five registered bidders with an opening bid of $650,000.
A 1920s home with a pool on nearly 700 square metres of land at 127 Gordon Avenue, Hamilton South that was marketed with a guide of $1.29 million to $1.39 million by Street Property's Damon Sellis sold at auction last Saturday for $1.4 million.
Interest was a mix of first home buyers, developers and investors for a house with a dual street frontage at 45 Delauret Square, Waratah West that was marketed by Robinson Property's Mike Flook for $580,000 to $630,000. The property sold at auction for $640,000.
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Auction action - February 20
Robinson Property's Mike Flook has reported strong interest ahead of Saturday's on-site auction of a five-bedroom residence with a pool in a sought-after position of Merewether. Mr Flook will take 79 Janet Street to auction at 11.15pm with a guide of $2.7 million to $2.9 million.
He also has a "large", single-level villa on around 370 square metres of land at 1/92 Curry Street, Merewether headed for auction at 1pm with a guide of $1.1 million to $1.2 million.
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