A Redhead residence described as "one of a kind" has smashed the suburb ceiling and exceeded all expectations by selling $825,000 above its guide at auction last weekend.
Daniel Irwin, of Altitude Real Estate Warners Bay, marketed the spacious six-bedroom home with a lagoon-style swimming pool at 17 Bentley Street with a guide of $1.9 million.
It attracted four registered bidders - three local and an Australian based in the United Kingdom who bid over the phone to secure the property sight unseen for a whopping $2.725 million. The first bid of $1.9 million was made by the eventual purchaser and the home was secured after 56 bids.
According to Australian Property Monitors data, the previous highest residential sale for Redhead was $2.438 million paid for a luxurious four-bedroom, four-bathroom house at 7 Ocean Street in September last year. The only other sale to have broken $2 million for the beachside suburb was when $2.015 million was paid in December for a stunningly renovated property at 6 Beach Road.
"This home was in the old, new estate," Mr Irwin said. "When we priced it, the only comparable sales we had were $1.4 million, $1.7 million, $1.9 million and another around $2 million on Beach Road, which is in what is considered a premium area.
"The house was just amazing, from the yellow door to the parquetry chocolate flooring. Then six genuine bedrooms plus study. Every person that came through went 'Wow'."
APM data shows the median sale price for Redhead rose over $1 million mark for the first time last year. It was $1.09 million for 40 sales, up from $950,000 for 36 sales in 2019. The previous highest median was $980,000 for 39 sales in 2018.
Lousie Vico, of Viking Realty, has listed a property that could break new ground for Jewells.
She is marketing the six-bedroom, three-bathroom home with a freestanding triple garage and in-ground pool on 2.8 acres of land at 150 Pacific Highway with a guide of $2.2 million to $2.4 million.
APM data shows the suburb ceiling was raised last December when Cveta Property sold a six-bedroom house on 2.6 acres at 19 Murray Street for $2 million.
"It's a magnificent acreage and a really classy home," Ms Vicio said. "To have an acreage only five minutes to the beach is pretty unique."
Inspections are appointment.
Listings over $1m
A four-bedroom home on a 622 square metre block at 120 Gordon Avenue, Hamilton South that is on the market for the first time in around 64 years has been listed by First National Newcastle City with a guide of $1.3 million to $1.4 million.
Walkom Real Estate are marketing a three-bedroom 1890s terrace at 47 Lawson Street, Hamilton with a guide of $1.4 million.
A two-bedroom, two-bathroom apartment with a study in the prized north-east corner of the Lee Wharf complex at 604/2 Honeysuckle Drive, Newcastle is being sold by Robinson Property with a guide of $1.25 million to $1.35 million.
Listings $500,000 to $1m
Robinson Property are marketing a two-bedroom unit at 1/41 Church Street on The Hill with a guide of $575,000 to $620,000.
An auction guide of $650,000 has been set by Belle Property Newcastle for a two-bedroom home on a 645 square metre block at 31 Tiral Street, Charlestown.
Belle Property Lake Macquarie have listed a three-bedroom house with a pool at 46 Alhambra Avenue in Macquarie Hills with an auction guide of $700,000. It has multiple living areas and a triple garage with workshop.
A three-bedroom home on a 1015 square metre block at 26 Moore Street, Birmingham Gardens is being marketed by Movable with a guide of $575,000.
Listings under $500,000
Belle Property Lake Macquarie have a 303 square metre battle-axe block of land at 12A Rose St, Tighes Hill for $390,000 - $420,000 and a two-bedroom townhouse at 25/752 Pacific Highway in Marks Point for $375,000.