Auction action: Lifestyle and location in Darby Street home

PRIME POSITION: This home on Darby Street is within walking distance of Bar Beach and The Junction and will be taken to auction today with a price guide of $1 million to $1.1 million.
PRIME POSITION: This home on Darby Street is within walking distance of Bar Beach and The Junction and will be taken to auction today with a price guide of $1 million to $1.1 million.

A five-bedroom residence in Cooks Hill’s Darby Street will headline auctions around town on Saturday.

The home is set on 424 square metres of land within walking distance of Bar Beach, The Junction shopping village and Darby Street’s cafe and restaurant strip.

It is being marketed by First National Newcastle City’s Tom Lemke with a price guide of $1 million to $1.1 million, which he described as “the cheapest home you can get that close to the beach”.

Mr Lemke said around 60 groups had been through the home in the three-week campaign.

It is set for auction at 10.30am.

First National also have two townhouses in Merewether going under the hammer on Saturday.

A brand new three-bedroom executive residence designed by architect Jodie Dixon at 61 Helen Street will be auctioned at 9am with a price guide of $1.3 million to $1.43 million.

A three-bedroom duplex built in 2015 at 213 Morgan Street will auction at 4pm with a guide of $1.15 million to $1.25 million.

At PRDnationwide’s auction night on February 7, homes in Farrington Avenue, Caves Beach ($562,500), Laman Street, Cooks Hill ($767,500) and Marsden Street, Shortland ($588,000) all sold under the hammer.

The auction of a home on 914 square metres in William Street, Jesmond marketed by McGrath Estate Agents’ Tammy Hawkins proved popular with 13 registrations last Saturday.

It had a guide of $550,000 and eventually sold for $710,000, a record for the tightly held street.

In James Street, Merewether a period home across from the park sold for $1.005 million for the street’s first million-dollar sale.

A two-bedroom home which had only ever had one owner in Hamilton Street, Kahibah sold for $592,000.