Property Watch: Agent puts own home on the market

UNIQUE: Agent Lucas Gresham is taking his own house to market after spending the past eight months renovating the Pembroke Street residence.
UNIQUE: Agent Lucas Gresham is taking his own house to market after spending the past eight months renovating the Pembroke Street residence.

Lucas Gresham has sold plenty of homes in Stockton but was not planning on marketing his own.

The Dowling Property Wallsend agent bought 6 Pembroke Street nearly one year ago and has done a complete renovation over the past eight months.

The two-storey home is within 100 metres of the beach with ocean views.

It has been transformed from a five-bedroom residence to three, with the top floor devoted to living spaces around a central kitchen.

“It has all been designed so the eastern aspect of the home opens up entirely and looks across to the ocean and breakwall,” Mr Gresham said.

“I renovated to stay, to live in forever, so I’ve gone to town. I took small portions of every home that I found amazing over the years and adapted those to this place.”

As fate would have it, a Stockton property he has always had his eye on came up for sale.

“It’s a house that I nearly bought three times in my life but hadn’t been in a position to do so before,” he said.

Not that it was an easy decision to sell up after completing a renovation that has become more like an artwork.

“I’ve kept a very federation beach style with everything kept to a very low-maintenance beach home,” he said.

“But inside is architectural flair, same as the outside. There are multi-layer decks, limestone feature walls through the entire foyer and the staircase was made entirely on site.”

The home has its first open on February 3 at 11am and is set for auction on March 17.

POTENTIAL PLUS

Homes in Merewether’s Macquarie Street generally attract plenty of interest and one just listed through Street Property Group has the added benefit of an existing commercial space.

Courtney Street is marketing a renovated four-bedroom home on an elevated block of 512 square metres, which also has a shopfront that has been operating as a hair salon.

It is set for auction on February 24. No price guide has been set. Five sales in excess of $1 million were registered in the street last year, according to Australian Property Monitors data.

ADDED SHOPFRONT: This four-bedroom home in Macquarie Street, Merewether, also has a commercial space which has been used as a hair salon.

ADDED SHOPFRONT: This four-bedroom home in Macquarie Street, Merewether, also has a commercial space which has been used as a hair salon.

FIRST OFFERINGS

A couple of homes have been brought to the market for the first time this week.

One at 31 Hibberd Street in Hamilton South, being marketed by Dalton Partners’ John Kerr, has been in the one family since it was built around 70 years ago.

The street backs onto Newcastle Racecourse. The original three-bedroom home is on a block of around 640 square metres with rear-lane access.

It is set for auction on February 24 with a price guide of $720,000.

FIRST TIME LISTED: This home in Hibberd Street, Hamilton South has been in the same family since being built over 70 years ago.

FIRST TIME LISTED: This home in Hibberd Street, Hamilton South has been in the same family since being built over 70 years ago.

In Charlestown, McKiernan Real Estate have listed 105 Tirriki Street which is being marketed for the first time since it was built in 1991.

The home has four bedrooms, three bathrooms, is set on over 800 square metres and backs onto the bush. It is being sold with a price guide of $790,000 to $850,000.

BUSH SETTING: This home Charlestown home is positioned in a tightly held street and is expected to prove popular with a price guide of $790,000 to $850,000.

BUSH SETTING: This home Charlestown home is positioned in a tightly held street and is expected to prove popular with a price guide of $790,000 to $850,000.

DEMAND FOR DEVELOPMENT

Location and price point have made a planned North Lambton development popular, according to Century 21’s Paul Johns.

Mr Johns is marketing two remaining townhouses in the five-residence complex.

He said construction was about to begin on the three-bedroom, two-bathroom homes with completion scheduled for October or November this year.

SELLING WELL: Three homes in this five-townhouse complex planned for North Lambton have already been sold.

SELLING WELL: Three homes in this five-townhouse complex planned for North Lambton have already been sold.

“They are reasonable-sized townhouses and it is a great position,” Mr Johns said.

“The development is on the northern side of Spruce Street, looking back towards Newcastle.

“It’s a great location in terms of its convenience to the University of Newcastle and John Hunter Hospital, two of Newcastle’s biggest employers, and it’s only 10 to 15 minutes into the city.

“It’s been a positive response to the market because of the accommodation they are offering, and the location. There’s not much in that area in terms of new complexes.”

The townhouses are positioned in an elevated position at 24 Spruce Street and are on the market for $579,000.

PRDnationwide is marketing 46 Spruce Street, a renovated three-bedroom home on over 1000 square metres with a price guide of $650,000, which should also prove popular. It is set for auction on February 21.

CARDIFF SOUTH SPECIALS

Two neighbouring properties in Cardiff South are expected to move quickly.

First National Altitude’s Brigitte Audet is marketing two low-maintenance homes in Sixth Street, which were both well attended at their first inspections last weekend.

Both are three-bedroom homes. No.39 is a renovated residence with a price guide of $425,000 to $465,000 and sits in front of No.41, a new house on the market for $515,000 to $565,000.

Ms Audet observed demand was high for properties in the area due to a lack of supply since Christmas.

According to Australian Property Monitors data, Cardiff South experienced growth of 19.8 per cent last year and the median sale price rose from $430,000 in 2016 to $515,000.