What's selling: Hot auctions, a new suburb record and quick sales

Buyers looking for a seachange secured Hamilton’s historic Felixstowe for $1.66 million on October 13, one week into an auction campaign.

The price guide for the classic four-bedroom residence on 770 square metres at 201 Denison Street was set at $1.3 million to $1.43 million but First National’s George Rafty said there was “some 60 people through” the first open house. 

The sale price is the second highest on record, according to PriceFinder data, for a residential sale in Hamilton. Another home in Denison Street sold for $1.79 million last year. 

The auction of the well-known Billy Tea Shop in Wallsend “drew a good crowd” on October 14, according to Elders Real Estate’s Sue Odgers. The historic site at 24 Murnin street sold for $635,000 to local buyers after an opening bid of $500,000. 

A renovated federation residence at 153 Everton Street, Broadmeadow has set a suburb record, according to PriceFinder data, selling for $1.25 million through private treaty four days into its marketing campaign.

Selling agent Sam Tsiaousis, of PRDnationwide Newcastle Lake Macquarie, said he had nearly 40 groups through the first open home and six keen to purchase before a local buyer secured the property on October 17.

“That Hamilton end of Broadmeadow is starting to see similar prices to Hamilton, especially the federation homes,” he said.

“They’re selling quick and are achieving similar prices.

“If you’ve got something special to sell, like this one, I don’t think the market has dropped in that way.”

The sale of a four-bedroom home on 658sqm at 7 Moase Street in Wallsend by Street Property Group’s Damon Sellis, has registered a new street record of $552,500.

A three-bedroom home on 407sqm at 180 Bridges Road, New Lambton was sold by McGrath Estate Agents’ Todd Mason for $510,000 to a Sydney investor in its first week on the market.

Noel McFarlane Real Estate sold a five-bedroom home on a 662sqm block at 23 Lyons Close, Edgeworth on October 16 for $512,000.

Thornton Realty sold a three-bedroom cottage at 49 Devonshire Street, Maitland for $246,000 on October 13.