Auction action resumes around town this weekend and good results are expected in various locations.
Global Property’s Anthony Birt is marketing 19 James Street in Warners Bay, which will go to auction at 11am.
The three-bedroom residence on around 540 square metres is located one block back from Lake Macquarie and has only ever had one owner.
A price guide is yet to be set but Mr Birt said land value in the area was around $600,000 but newly developed properties were selling for over $1.2 million.
“It’s a really up and coming street. It’s one street back from the water and a lot of original homes are being bought along there and redeveloped into luxury residences,” he said.
“It’s only had one owner and is in very, very original condition. It’s a blank canvas for someone to come in and build their dream home.”
Steady interest has been seen for a modest weatherboard home on over 1300 square metres in Edgeworth.
Paul Jones, of Dowling Wallsend, is marketing 26 Neilson Street, which is set for auction at midday today.
He said it provided an opportunity for investors or developers.
Dowling Wallsend will also take two villas to auction in Longworth Avenue, Wallsend at 9am.
First National Newcastle City will auction 266 Beaumont Street, Hamilton South with a price guide of $840,000 to $900,000 at 11.15am.
PRDnationwide Newcastle Lake Macquarie will an auction night on February 7 at The Arc in Watt Street Commercial Centre.
Hamilton South’s 33 Silsoe Street, a four-bedroom home built circa 1928 on 1084 square metres, has a price guide of $1.75 million.
A five-bedroom home with a pool at 73 Curry Street, Merewether has a guide of $2.2 million to $2.4 million.
A circa 1880s terrace in Laman Street, Cooks Hill and a unit in Church Street, The Hill are also set for auction.