Kilgour Avenue sells $70k over reserve at auction and upcoming action

HOT PROPERTY: This Merewether townhouse has been tastefully renovated and features a sizeable yard, according to McGrath Estate Agents' Tammy Hawkins.
HOT PROPERTY: This Merewether townhouse has been tastefully renovated and features a sizeable yard, according to McGrath Estate Agents' Tammy Hawkins.

It was a big day of auctions last Saturday and more are expected this weekend.

Gavan Reynolds of Reynolds Auctions had 11 bookings for last Saturday and reported all sold, seven under the hammer and four prior.

After a slow start and an opening bid of $1.2 million, 128 Dawson Street, a three-bedroom Cooks Hill home on 398 square metres marketed by Walkom’s Kate Rundle, sold for $1.36 million.

Also in Cooks Hill, First National’s Luke Murdoch sold a three-bedroom terrace at 49 Railway Street for $820,000 to out an of town buyer.

Mr Reynolds estimated around 80 people turned out to watch proceedings at Nelson Bay property 35 Gloucester Street, which was marketed by PRDnatiowide’s Dane Queenan.

Bidding started at $978,000 for the two-bedroom home located less than 100 metres from the water  before it was sold for $1.02 million.

There was plenty of interest for a tired-looking three-bedroom home on 809sqm at 51 Carrington Street, Mayfield.

Chris Arnold of Arnold Property marketed the property with a price guide of $600,000. It sold for $671,000. 

A crowd of around 35 people turned up to watch five registered buyers rigorously bid for a two-bedroom unit at 28 Kilgour Avenue in Merewether marketed by Dalton Partners’ John Kerr and auctioned by David Phelan. It sold for $730,000, $70,000 over the reserve. 

It followed on from previous strong auctions for units in Merewether, according to Mr Kerr, who said he had similar competition for a unit at 43 Pell Street, which sold for $646,000 in September, and at 80-82 Frederick Street which sold for $1.25 million in August.

ON TODAY

Merewether is the place to be today with several auctions scheduled and plenty of interest for all.

Tammy Hawkins, of McGrath Estate Agents, will auction a renovated three-bedroom townhouse with a large yard at 22 Patrick Street, Merewether with a price guide of $850,000. The auction will be on site at 11.15am.

McGrath’s Sean Redpath will take 72 McMichael Street, a two-bedroom Maryville home, to auction at 10.30am with a price guide of $700,000.

An iconic Merewether residence on a 1321.6 square metre corner block at 114 Janet Street is on the market for the first time in 72 years and will be auctioned on site at 9.45am with a price guide of $2.6 million.

Mike Flook of Robinson property is marketing the property and expects it to be sought after.

He is also marketing “an original terrace in a great location” at 9 Brien Street, The Junction which goes to auction at 3.45pm with a price guide of $500,000.

First National’s George Rafty will take 14 Mary Street, Merewether to auction at 12.45pm with a price guide of $920,000 to $1 million. It is a freestanding two-storey home.