What's Selling: 8 Gazelle Crescent, Fletcher sets new sale price high of $950,000

Harper Property’s Ryan Nichols was “inundated with inquiry” before setting a new suburb sale record of $950,000 for Fletcher.

The five-bedroom, dual-level residence at 8 Gazelle Crescent hit the market on May 24. Mr Nichols said 26 groups turned up to the first inspection two days later then the home was secured by a local buyer on May 29.

“It was a fairly grand new Masterton home and was big on all levels,” Mr Nichols said. “All of the bedrooms upstairs had walk-in robes, which is rare. There were raked ceilings, loads of living space, all open plan, and a nice alfresco area.”

The home had three living spaces, a study, designer kitchen with butler’s pantry, laundry room and a double garage with separate workshop.

The sale came after Century 21’s Wayne Stewart had set a new mark for the suburb in April, according to Australian Property Monitors data, with the $940,000 sale of a home in Rosewood Crescent.

At the time, Mr Stewart reported “unprecendented” interest in the four-bedroom new-new home which was set on 999 square metres of land.

According to APM data, Fletcher had 122 sales at a median price of $622,000 last year and broke the $900,000 mark when a home in Serenity Crescent sold for $920,000.

Wickham townhouse secured for $1m

A townhouse in Wickham’s Annie Street was sold last month for $190,000 more than its last sale just over two years ago.

First National’s Tom Lemke marketed the torrens title townhouse at 6 Annie Street, which was built in 2014 by Newcastle Master Builder of the year Craig Marriott.

It was bought for $810,000 in February 2016 and sold on May 18 this year for $1 million.

“It sold after the first open house to a young professional couple who have relocated to Newcastle,” Mr Lemke said.

“There was a bit of interest and plenty of downsizers just wanting a quality new build.”

This townhouse in Wickham's Annie Street has sold for $190,000 more than two years ago.

This townhouse in Wickham's Annie Street has sold for $190,000 more than two years ago.

Mr Lemke believed it was the highest sale in Wickham this year and the third highest ever for the suburb. 

Wickham has experienced good market growth in the past couple of years, according to Australian Property Monitors data.

The suburb’s median sale price in 2015 for 19 sales was $530,000. It rose to $657,500 for 26 sales in 2016 then $750,000 for 17 sales last year.

Sales over $1 million so far this month have been in Merewether’s June Street with No.40 selling for $1.3 million and Charlestown’s Tallowood Circuit with a $1.12 million purchase.

In the apartment market, $1.34 million sales of two-bedroom residences were recorded in Newcastle’s Zaara Street and Shortland Esplanade.

A four-bedroom top-floor residence in Islington’s Milford Street marketed as “arguably the region’s finest inner city Woolstore conversion apartment” sold for $1.1 million. 

It had 20-foot ceilings in parts and an east-facing verandah.