Tony Reville described a $2.02 million sale of a Bar Beach property at auction last weekend as “a phenomenal sale for the area”.
Mr Reville and his son Isaac, of Robinson Property, marketed the original three-bedroom home on 407 square metres at 206 Brooks Street with a price guide of $1.6 million.
Thirteen parties registered for the auction on site last Saturday and bidding opened at $1.6 million.
It is only the fifth Bar Beach property to sell this year and interest was strong throughout the three-week campaign with between 70 and 80 inspections.
The property is within 100 metres of Empire Park.
“Anything around that Empire Park, people just love it,” Mr Reville said.
“They want to be there because they’ve got the park there and it’s close to the beach. You’ve only got to go around the corner there to Bar Beach Avenue and you’ve got houses worth over $4.2 million. It’s very tightly held.”
AUCTIONS ON DECEMBER 9
Thomas Hook, of Walkom Real Estate, will take a three-bedroom home at 10 O’Hara Street, Maryville. to auction at 10.30am and said “interest had been strong” for the circa 1920s house.
Recent results in the suburb indicate this could be a hot auction. Another period three-bedroom home in nearby Estell Street sold at auction for $855,000 on November 25 and is expected to be a good guide for this property.
“This street has that appeal,” Mr Hook said. “It is a nice wide, tree-lined street, has the walking track at the end of it and certainly has a lot of pluses.”
Robert Crawford Real Estate will auction 44 McMichael Street, Maryville at 5.15pm with a guide of $500,000 to $550,000. The older-style home on 305 square metres should appeal to a range of buyers.
Dalton Partners will auction 1 Everton Street, Hamilton East at 10.30am with a price guide of $1.1 million.
Robinson Property will take 57 Kempster Road, Merewether to auction at 12.45pm with a price guide of $1.25 million.
McGrath Estate Agents will auction an apartment in The Royal on King Street, Newcastle at 12.45pm with a price guide of $1.1 million and 17 Ruswell Avenue, Warners Bay with a guide of $640,000 at 3pm.