The $2.2 million auction sale of a two-bedroom apartment with prized oceans views in Merewether has been described by Robinson Property's Mike Flook as an "amazing result".
Mr Flook was guiding $1.6 million for 21/2A Ocean Street ahead of its auction last Saturday. Positioned on the top floor of its complex with 180-degree views from city to surf, the apartment had one bathroom, a study nook and one car space.
Three parties registered for the on-site auction and bidding opened at $1.4 million.
"It quickly rose to $1.5 million, $1.6 million then it just took off," Mr Flook said. "It was just unbelievable. It was just a good, solid price.
"There were two buyers who both obviously wanted it and what price do you put on a view. It's set a new benchmark for those other ones scattered along that stretch but nothing will offer the views that that does."
The result has been the talk of the town this week.
According to Australian Property Monitors data, the apartment sold for $925,000 in 2011.
Mayfield continues to prove what First National Newcastle City's George Rafty described as "flavour of the month".
First National's Mathew Iuliano marketed a three-bedroom home at 74 Crebert Street, Mayfield with a guide of $890,000 to $950,000. It attracted seven registered bidders on June 4 and sold under the hammer for $1.11 million.
The next day, Scott Ferris, of One Agency Ferris Properties, sold 100 Barton Street in Mayfield at auction for $1.03 million.
Last Saturday, Belle Property Lake Macquarie's Mick Phillips sold a property with two homes on it at 82 Dudley Road, Charlestown at auction for $995,000.
A three-bedroom, two-bathroom Torrens Title townhouse with a pool at 11 Robert Street in Merewether that was marketed by Movable's Anthony Merlo was secured at auction for $1.35 million.
A three-bedroom home at 96 Lockyer Street in Adamstown marketed by First National sold under the hammer last Saturday for $1.19 million.
A last-minute purchaser reportedly bought a three-bedroom home in Hamilton's sought-after Cameron's Hill at auction on May 29. The home at 189 Denison Street is believed to have been owned at one time by Gordon Richard Skelton, a Hamilton lord mayor.
The property was on offer for the first time in around 40 years and retained an air raid shelter in the backyard that had been built in 1940.
It was listed by John Kerr, of Dalton Partners The Junction, with a guide of $840,000. That was adjusted to $900,000 and the home attracted multiple offers before auction.
Eight bidders registered with bidding opening at $900,000. There were 18 bids placed before it was secured for $1.2 million by purchasers who spotted the auction on their way to another one.
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