Auction Action: Edward Street sale sets new price high of $1.72 million

SOLD: This renovated home in Merewether's Edward Street with ocean and city views and was secured at auction for a record $1.72 million.
SOLD: This renovated home in Merewether's Edward Street with ocean and city views and was secured at auction for a record $1.72 million.

There was “some spirited bidding” before a renovated home in Merewether with expansive views sold under the hammer for a record $1.72 million last Saturday.

Mike Flook, of Robinson Property, marketed the four-bedroom, three-bathroom residence with a guide of $1.6 million.

The sale set a new high for Edward Street. The previous highest sale for the street, according to Australian Property Monitors data, was $1.3 million in 2014.

First National Newcastle City’s George Rafty marketed 15 Pearson Street, Lambton which sold at auction last weekend for a street record $1.18 million. It was also the first million-dollar sale for Pearson Street, according to APM data.

There was a record sale at auction in Lambton's Pearson Street.

There was a record sale at auction in Lambton's Pearson Street.

Walkom’s Kate Rundle took a renovated circa 1900s home to auction in Hamilton’s Hudson Street which sold immediately after proceedings for $880,000.

A three-bedroom home in Gosford Road, Adamstown marketed by Global Partners’ Anthony Birt sold for $615,000 under the hammer.

At PRDnationwide’s auction night at Watt Street Commercial Centre on Wednesday, a terrace in Bruce Street, Cooks Hill sold for $1.65 million and home in Croudace Road, New Lambton Heights for $1.2 million.

Today, Ray White’s Teresa Heighington will take a former panel-beating workshop, now four-bedroom home, in Anderton Street, Islington to auction at 10.30am. Bidding is expected in the mid $700,000s.

A home in Adamstown's Gosford Road was bought for $615,000 at auction.

A home in Adamstown's Gosford Road was bought for $615,000 at auction.