A Merewether residence that is believed to have been marketed with a guide of $5.5 million did not last long before being secured for an undisclosed sum.
Mark Kentwell, Chasse Ede and Natalie Tonks, of PRD Newcastle and Lake Macquarie, marketed the ultra-modern beach house at 74 Watkins Street.
The property had a pre-market phase of around one week then a market phase of around one week and a half.
The home was custom built in 2013. It featured four bedrooms, three bathrooms, luxury finishes, multiple living spaces and a pool, all within footsteps of Merewether beach and Dixon Park beach.
"We had strong level of enquiry, considering the price point," Mr Kentwell said.
"Some of those were off our existing database, a combination of local and non-locals, but we were also dealing with a lot of new enquiry from non-local buyers.
"There is still a strong contingent of locals looking to upgrade their position. We're also finding there is still a strong migration effect from Sydney and Melbourne in particular. The eventual buyer was local upgrading their position in a market they were very familiar with."
It is believed to be the highest price paid for a home in Watkins Street and one of the highest for Merewether.
In September last year, a Newcastle record $7.25 million was paid for a luxury beachfront home with one of the city's most exclusive addresses. PRD marketed the contemporary residence overlooking Merewether beach at 38 John Parade.
Mr Ede reported strong interest before the $1.2 million sale of a three-bedroom house with a bush backdrop at 20 Trent Street in Charlestown. It was marketed with a guide of $1 million and sold prior to auction.
First National Newcastle City's George Rafty reported some quick sales for their office. A four-bedroom, two-storey house on a corner block at 25 Smith Street in Merewether sold for $1.9 million within one day of coming to market.
The property had only had one owner and was sold through First National's buyer database.
"It was on a smaller block but it's a great spot, only three blocks to The Junction and very sought after," Mr Rafty said.
A three-bedroom weatherboard home at 18 Mabel Street was launched to the market by First National last Saturday with a guide of $750,000 to $820,000. Mr Rafty reported 44 groups through its first open house that day with multiple offers being made before the property sold on Tuesday for $950,000.
"It was a little bit above average in terms of block size but the house needs a total renovation," Mr Rafty said. "Mabel Street is sought after for Georgetown."
Last month, a Georgetown suburb record of $1.165 million was paid for a renovated three-bedroom 1920s cottage at 34 Mabel Street that was marketed by First National.
According to Australian Property Monitors data, the median house sale price for Georgetown rose from $607,500 for 34 sales in 2019 to $682,500 for 48 sales last year. After the first seven sales of 2021, the median was $880,000.
The highest price is believed to have been paid for a two-bedroom apartment in Essington overlooking Pacific Park in Newcastle.
Ben Robinson, of Robinson Property, marketed 309/26 Pacific Street with a guide of $850,000 to $900,000 and reported its sale came within a couple of days and after multiple offers had been made. The apartment had one bathroom and one car space.
"It was a north-east corner, only the third floor, and that building is 20-odd years old now," Mr Robinson said. "The owners had done a nice renovation and those older apartments offer a lot more size than the newer ones."
According to Australian Property Monitors data, there have only been three sales higher in Essington, all of which were for three-bedroom apartments. Two of those were on the penthouse level.
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