John and Sheryl Nisner are selling their home in The Hill after having a change of heart with landmark Newcastle property Bella Vista.
The Nisners started operating Mayfield’s Bella Vista function centre business in 2000 before purchasing the freehold from Phillip Proctor at auction in 2007.
But with their sights set on retirement, Bella Vista held its last wedding in December last year. The Nisners subdivided part of the well-known Newcastle property and sold it with an approved development application for a boutique villa community around Bella Vista now being sold off the plan.
They had originally also listed the seven-bedroom, five-bathroom Bella Vista for sale before deciding to restore the residence built in 1919 for BHP Steelworks manager David Baker and later used to entertain royalty.
Now, they are selling Curragh, their home of the past five-and-a-half years, at 7 High Street in The Hill.
It is being marketed by Darren Penn, of Ray White Newcastle and Lake Macquarie, with a guide of $2 million to $2.2 million and is open for inspection Saturday at 11am.
The two-storey home was built in 1890 and named after a well-known Irish racehorse. It was restored and extended around 15 years ago.
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Walkom’s Kate Rundle will take a three-bedroom townhouse in Azura near Newcastle beach to auction on Saturday with a guide of $1.1 million.
The double-storey townhouse at 1 Moroney Avenue will auction at 11.15am.
It has easy access to beaches, the harbour foreshore, Newcastle Ocean Baths and the complex has its own lap pool.
First National Newcastle City’s George Rafty will take 10 Park Road, Tighes Hill (5.15pm) and 67 Everton Street, Hamilton (noon) to auction with guides of $600,000 to $650,000 and $880,000 to $950,000 respectively.
All auctions are on site with inspections beforehand.
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EXPANSIVE VIEWS ON THE LAKE
A tightly held Belmont home is expected to set a new price high for the sought-after and aptly named View Street.
Allan Morton, owner of Newcastle-based engineering, building and construction company ATB Morton, could see the potential in 3 View Street when he bought it in the early 1990s.
“They are very, very unique views and that was the reason I bought it,” Mr Morton said.
“I climbed upon the roof of the old home and there were views from Redhead beach right through to Mount Sugarloaf.”
He turned the then one-storey house into a tri-level residence.
Dalton Partners’Joanna Cook and Scott Purnell are marketing the home with a guide of $1.65 million. It is open Saturday at 1.30pm.
There are few sales in the Belmont street. The highest has been $1.25 million paid for No.10 last month, according to Australian Property Monitors data.
LANCE VILLA SOLD
Kate Rundle, of Walkom Real Estate, has sold Lance Villa in 80 Church Street to a Sydney buyer who previously lived in Newcastle.
It was marketed with a guide of $2.5 million and sold for an undisclosed sum.
The home on The Hill had only had four owners and had been restored by Anna and Arno Enno.
When they bought the four-level home in The Hill’s exclusive Church Street with views of the harbour it was “completely delapidated” and “totally unliveable”.
That was in 1991, after the couple had lived in Perkins Street and often walked by and observed the Frederick Menkens-designed home “falling into the ground”.
SNAPSHOT OF HOMES MOVING
A tightly held home in Merewether bucked the trend in a softening market by being secured with two weeks of marketing.
Most agents are reporting more days on market for homes but the two-storey residence at 2 Rowan Crescent was bought swiftly for $1.55 million.
PRDnationwide’s Chasse Ede and Mark Kentwell marketed the property with a guide of $1.35 million to 1.485 million. It had offers from four groups before being sold.
Mr Ede said the property purchasers had relocated from Sydney and had been searching for a home in the area for two years.
A six-month-old ultra-modern home at 4 Pegasus Road in Cameron Park was secured for just under its asking price of $895,000, according to Dalton Partners’ John Kerr.
He also sold a renovated three-bedroom home at 1 Naroo Avenue, Charlestown for $665,000.
PROPERTIES UNDER $500K
A near-new home at 1 Sylvia Place in Mount Hutton has been listed with a guide of $440,000 to $460,000.
The two-bedroom house is positioned in a quiet cul-de-sac. It has open plan living and a large outdoor entertaining deck.
It is being marketed by LJ Hooker’s Cameron Stevenson and is open Saturday at 12.45pm.
John Kerr, of Dalton Partners, is selling a three-bedroom brick villa at 12/95 Park Ave in Kotara with a guide of $429,500.
It has two bathrooms and is located within walking distance of Westfield Kotara and public transport.
There has been some movement in this section of the market of late.
Homes that have sold under $500,000 in the past week include a three-bedroom home in Glendale’s Reservoir Road ($490,000) and a four-bedroom house in Waratah’s Lambton Road ($460,000).