A three-bedroom Maryville cottage with knockdown or renovation potential goes under the hammer today with a price guide of $650,000.
The inner-city suburb is experiencing increased popularity with home owners and the median residential sale price rose from $590,000 in 2016 to $745,000 last year, according to Australian Property Monitors data.
Dalton Partners’ Andrew McGavin is marketing 59 Harrison Street, which is set for an on site auction at 10.30am, and he said the property had some rare features which had generated interest.
“It is a bit unique in it has a 15 metre frontage,” Mr McGavin said. “Most are quite narrow. That allows for a side driveway access to a double garage, which you don’t always get in Maryville.
“It is in original condition and still does need a lot of work, but it has space to renovate or extend, subject to council approval.
“We’ve had quite good interest and have a few registered parties at this stage and I’d expect it to sell around $700,000 to early 700s.”
In Carrington, Century 21 Novocastrian’s Wayne Stewart will take another rare offering to market.
He has marketed 36 Hargrave Street, which is set for auction on site at 9.45am today without a price guide.
The two-storey, three-bedroom home, once a general store, is positioned on a corner block and Mr Stewart said it offered potential as a home or home with an office/business.
Mr Stewart will also take a waterfront property to auction today in Marmong Point with a guide of $1.9 million to $2 million which will set a record for the lakeside suburb.
The near-new three-bedroom, three-bathroom residence is set for auction at 2.30pm.
There were five registered bidders for the auction of a Tighes Hill home built in 1917 on a triple block nearly 1000 square metres in size last Saturday.
First National Newcastle City’s George Rafty marketed 12 John Street, which sold under the hammer for $1.38 million.
“It came down to two in the end and was sold to a local developer who plans to keep the existing house and build two new homes on the other two titles,” Mr Rafty said.
In Merewether Heights, a four-bedroom residence in sought-after The Quarter Deck marketed by David Phelan of Dalton Partners sold for $1.2 million.
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