There may have only been one bidder but the $1 million auction result for a four-bedroom home with a separate self-contained granny flat in Stockton’s Dunbar Street was a trend Lucas Gresham expected to continue.
Mr Gresham, of Dowling Wallsend, marketed the property which is located within one block of Stockton beach and also had rear-lane access.
“We were expecting around 900 to around $950,000, so we always knew that there was potential for a million dollar sale simply because of that sort of property which had a big garage with a granny flat ready to go,” Mr Gresham said.
“The home itself had four to five bedrooms, was in a good location in a child friendly area with a lot of families around.
“I’ve got more million-dollar buyers [looking to get into Stockton] this year than I’ve ever seen.
“Last year the majority of the market here was still between $600,000 and $800,000 but this year I’ve seen a lot of people between $800,000 and a million plus. I’ve had a lot more interest this year in a much higher bracket.”
He said interest was mostly coming from out of town and the purchaser for 200 Dunbar Street last weekend was from the western side of Lake Macquarie.
A home in Hamilton South’s Hibberd Street that was built in 1951 and had only ever had the one owners in master builder Ross Gibson and his wife Joyce, sold at auction last Saturday for $810,000.
The home at 31 Hibberd Street was marketed by Dalton Partners’ John Kerr and listed for auction with a price guide of $720,000.
There were five registered bidders and the home was secured by a local buyer with intentions to renovate.
In Port Stephens last weekend, side-by-side properties on Shoal Bay’s Tomaree Road sold for $566,000 and $637,500.
There were five bidders for a one-bedroom cottage in Soldiers Point’s Sunset Boulevard which sold under the hammer for $505,000.
AUCTIONS ON FEBRUARY 24
A two-bedroom home known as “Cactus Cottage” on a small block in Islington is expected to prove popular at 1.30pm on Saturday.
Chad Dunn, of Century 21 Novocastrian, is marketing 8 Islington Street with a price guide of $470,000.
At 12.45pm, First National’s George Rafty has 57 Ella Street, Adamstown set for auction with a guide of $880,000 to $950,000. The property comprises an original two-bedroom 1940s home with a separate two-bedroom retreat.
First National’s Luke Murdoch is marketing a townhouse at 62 Railway Street, Cooks Hill, which is set for auction at 1.30pm with a guide of $1.25 million to $1.375 million.