And, after a meticulous renovation by its carpenter owner, this 1880s residence has been transformed into a modern-day family sanctuary and is expected to again bring another strong result for the popular city-fringe suburb when it goes under the hammer next Wednesday.

A price guide has not been disclosed for the generous four-bedroom, two-bathroom home on a 462 square metre block at 64 Power Street but agent Joel Soldado, of Harcourts Newcastle, described it as one of Islington's most significant properties and "an opportunity that does not come along often".

Beyond the 1880s facade is a tasteful fusion of Victorian character and contemporary inner-city style. There are timber floors, 3.3-metre ceilings, two fireplaces, a contemporary new kitchen and alfresco entertaining area with outdoor kitchen. Under the house is a versatile retreat.

The property is located within walking distance of Newcastle CBD, the harbour and cosmopolitan Beaumont Street.

It is open for inspection on Saturday from 10am.