Property Watch: One of Newcastle first display homes converted into Merewether Specialist Centre

It was a risky move, purchasing a well-known, heritage-listed Merewether residence to convert into medical rooms.

But, after unveiling the Merewether Specialist Centre on the corner of Glebe Road and Gordon Avenue last month, owner Dr Ken Jaaback could not have been happier with the result.

The gynaecologic oncologist secured one of Newcastle’s first display homes, positioned on one of the city’s busiest corners, for $750,000 at auction in April last year.

The residence built in 1914 has undergone a total renovation to comprise two consulting rooms, one treatment room, waiting area, reception and a staff room. Development application was approved for a seven-space car park off Glebe Road.

“It was a big unknown whether council was going to allow us to put in a car park because without a car park this would never work as a practice,” Dr Jaaback said.

POPULAR ATRIUM

There appears an insatiable appetite for homes in the second stage of Atrium in Hamilton.

There are four apartments and two townhouses in the second stage of the DJB Developments project at the site of the former Hamilton RSL and Anzac House.

Only one apartment remains in the second stage of development Atrium in Hamilton.

Only one apartment remains in the second stage of development Atrium in Hamilton.

First National’s George Rafty and Luke Murdoch marketed one apartment and one townhouse with both selling at auction on May 5. They then sold the remaining townhouse and two more apartments in the space of four days, with prices ranging from $775,000 to $980,000. The final apartment is now set for auction on June 16.

UNIQUE OFFERING IN COOKS HILL

A renovated single-level 1960s home on the corner of Young and Bruce streets in Cooks Hill presents a “rare new-build opportunity”, according to Dalton Partners’ Anthony Merlo.

Mr Merlo will take the two-bedroom brick and tile home on around 200 square metres of land at 42 Young Street to auction on May 26 with a price guide of $860,000.

RARE FIND: This 1960s brick and tile home in Cooks Hill is being marketed with approval to build a new two-storey residence.

RARE FIND: This 1960s brick and tile home in Cooks Hill is being marketed with approval to build a new two-storey residence.

“The unique aspect of this property is it comes with DA [Development Application] and CC [Construction Certificate] approval in a Heritage Conservation area, allowing the construction of a luxury two-storey residence approximately 226 square metres in size designed by Jason Topic,” Mr Merlo said.

An artist's impression of the plans for an approved residence in Cooks Hill.

An artist's impression of the plans for an approved residence in Cooks Hill.

Walker’s house set for auction

The former family home of the late Newcastle fraudster accountant Ray Walker will be auctioned today.

The three-bedroom house in Parkway Avenue is owned by Walker's widow, Jennifer Walker, and was purchased in 2008 for $1.125 million, according to Australian Property Monitors data.

At last count, Mr Walker stole more than $10 million from 70 known creditors.

AUCTIONEER COMP

The Newcastle round of the Real Estate Institute of New South Wales Novice Auctioneers Competition is set for May 31 at Charlestown Bowling Club.

Last year’s winner was former Screaming Jets drummer-turned-auctioneer Craig Rosevear, who now works for Cooley Auctions.

“Preparing for the comp made me dig deep into what it takes to be a great auctioneer. Winning it gave me great confidence that this was the right career for me,” Rosevear said.

UNDER $500K

A three-bedroom home in Maryland’s Balarang Street has been listed with a price guide of $430,000 to $470,000.

A three-bedroom home on close to 300 square metres in Maitland’s Bourke Street is being marketed for $255,000.

And a near-new three-bedroom residence in Wood Street, Gillieston Heights is for sale with a guide of $399,000 to $429,000.