It is considered one of the most exclusive streets on Lake Macquarie with waterfront residences tightly held there.
Only a handful of homes in Eleebana’s Paroo Avenue have changed hands in the past decade and the latest to hit the market could set a new mark.
A totally transformed residence at No.21 that has been in the same family since it was built in the 1980s has been listed for sale with a guide of $2.7 million to $2.97 million.
It is being marketed by Louise Vico, of Viking Property and was open for inspection on Saturday at 4pm.
The four-bedroom, three-bathroom residence with its own deep waterfront jetty overlooks an inground saltwater pool and has a coveted northerly aspect.
There are floor-to-ceiling bifold glass doors from the open plan kitchen and living to alfresco entertaining. The home is set on over 600 square metres of land and has a double lock-up garage with extra height.
In May of last year, a five-bedroom waterfront home in Paroo Avenue was sold for a street high $2.8 million, according to Australian Property Monitors data.
LYRIQUE TAKES CENTRE STAGE
Newcastle’s historic Lyrique Theatre will play a leading role in the second stage of Iris Capital’s East End development.
Stage II was officially launched on Thursday night with Lyrique and Soul, the former Soul Pattinson building, set to have prominence in the East End streetscape.
The Stage II development will feature luxury one, two and three-bedroom residences with a total of 129 apartments.
It is bordered by King, Thorn, Hunter and Wolfe streets, with the King Street section featuring a row of terraces that will retain their heritage facades but offer a modern interior design.
Buildings on the block will be up to seven storeys high, with retail and commercial uses on the ground level and apartments above.
There will be a total of 1510 square metres of retail and commercial space.
PRDnationwide Newcastle and Lake Macquarie are marketing the development.
GWH Build has delivered another apartment complex to the city with the completion of The Millhorn near the city’s new interchange.
The 40-apartment development at 5-11 Wickham Street in Wickham was designed by EJE Architecture.
GWH Build were contracted by Urbane Development to build the eight-storey complex, which comprises a mix of one and two-bedroom apartments.
Demolition of the former buildings on the site began in May last year and the completion came 11 weeks ahead of schedule, according to GWH Build.
There are 44 car spaces in the building, which features two podium level terraces.
GWH Build delivered the city its tallest building when Aero on Hunter Street was completed last December.
The 14-storey Aero has a rooftop terrace with 360-degree views of the city and harbour. It was named Apartment Development of the Year at the Master Builders Excellence in Building Awards 2018 Newcastle last month.
GWH Build unveiled their latest development this month in 121 Elder on the former Snake Gully Hotel site in Lambton.
McGrath makes Hunter Valley move
McGrath Estate Agents has re-assigned its Hunter Valley franchise with a new office based in Cessnock.
McGrath Hunter Valley will be led by principals Sean Redpath and Melissa McLeod, who have established offices in Newcastle and New Lambton.
Quick sales around town
Agents have been reporting longer time on market for housing stock but a few sales have bucked the trend.
McKiernan Real Estate sold a near-new, four-bedroom home on a large block at 56 Bulls Garden Road in Whitebridge within its guide of $1.05 million to $1.15 million in the first week of marketing .
There was strong first home buyer interest when Dalton Partners’ John Kerr marketed 56 Henry Street in Jesmond. It also sold within one week of hitting the market inside its guide of $550,000 to $590,000.
A buyer paid $700,000 for a “knockdown” at 125 Victoria Street in Adamstown, marketed by Ray White Newcastle and Lake Macquarie’s Teresa Heighington.
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