Ray White Newcastle and Lake Macquarie's Darren Penn described the $770,000 sale under the hammer of a Cooks Hill home in need of a full renovation as a "very good result".
Mr Penn marketed the two-bedroom "classic" Cooks Hill cottage at 60 Parry Street with a guide of $750,000 to $800,000.
He reported there were six registered bidders at the on-site auction last Saturday with the home, positioned on a corner block 256 square metres in size, eventually being secured by "a local couple who were bidding by phone".
Mr Penn said the majority of interest for the property came from local buyers wanting a Cooks Hill home.
Another strong result was recorded this month with the $840,000 sale at auction of a two-bedroom reserve waterfront cottage in Wangi Wangi that had been used as a family weekender for around 70 years.
The cottage was positioned on what was marketed by LJ Hooker Toronto as "possibly Wangi Wangi's best block" and attracted 12 bidders to its auction before selling under the hammer for what agent Mark Campbell said was "a big result".
The property attracted a mix of local and out-of-town interest.
First National Newcastle City will take three properties to auction on site this weekend.
At 3.45pm on Saturday, a renovated circa 1890s terrace at 51 Lawson Street in Hamilton goes under the hammer with a guide of $1.15 million to $1.25 million.
At 4.30pm on Saturday, a "dilapidated period home" on a large level block 728 square metres in size at 40 Ulick Street in Merewether goes to auction with a guide of $850,000 to $930,000. It has a north-to-rear aspect and overlooks Henderson Park.
On Sunday at 10.30am, a three-bedroom weatherboard home with a pool at 121 Mitchell Street in Merewether is set for auction with a guide of $1.7 million to $1.8 million.