Property Watch: Rare sale of Merewether property with uninterrupted ocean views

RARE OPPORTUNITY: The response to this Merewether property at 5 Lloyd Street, which has been listed for public sale for the first time, has “superseded” the expectations of PRDnationwide’s Joel Soldado.One of the last legacies of the golden era of surfing in Merewether has been listed for sale.


Everyone who has ever gone to Merewether beach in the past two generations would know theblock of flats on the curve of Scenic Drive, often with wetsuits hanging over the balcony and surfboards leaning on the verandas.

Now for the first time since the unitswere built in 1964, theelevated 753sqm parcel of land just metres from Merewether Beach has been listed for public sale.

The instantly recognisable three one-bedroom units at 5 Lloyd Street will be taken to auction by PRDnationwide’sJoel Soldadoon September 24.

Mr Soldado said the vendor’s great-grandmother first owned the land, which is believed to have been in the family for around 100 years.

“We’ve had some really strong interest and it’s superseded our expectations,” he said. “We’ve probably had close to 50 groups either email of phone since it went live and I think it’s going to suit anarray of different people.”

The property with uninterrupted ocean views offers the opportunity to build a stunning single-level residence or an upmarket duplex subject to council approval.

The price guide has been set at $2million and the first inspection will be at 2.30pm on September 2.

AHEAD OF ITS TIMEA warehouse conversion at 17 Robert Street, Wickham offers “architectural brilliance” and will appeal to families with grown-up children or professional couples, according to Walkom’s Kate Rundle.

Ms Rundle listed the multi-level, four-bedroom residence this week and will take it to auction on September 23. The first open house is at 10.30am on September 2.

BRILLIANT: A warehouse conversion in inner-city Wickham sets the benchmark in urban sophistication with towering 5m ceilings and modern-industrial finishes.

PRICE SETA price guide has been set at $1.7 million for one of Merewether’s most iconic residences at 81 Patrick Street. The home was built in 1887 and has been in the same family since. It will be taken to auction by Sean Redpath ofMcGrath Estate Agents, Newcastleon September 16.

FIRST TIME: 81 Patrick Street, Merewether has been in the family for four generations. Picture: Jonathan Carroll

POPULAR PATERSONCharlie Lund of McGrath Hunter Valley expects “three or four registered bidders”, all from out of area, when St Paul’s Anglican Rectory is auctioned at 13 Duke Street, Paterson on September 2.

Ms Lund said the grand Edwardian residence, which is set on 2015sqm in the heart of the village, had been exquisitely restored and she had “been inundated” with interest during the six-week auction campaign.

“It’s so unique,” she said.“It’s a heritage style property and they always attract more buyers”.

The property has a price guide of $950,000 and is set for auction at 1.30pm.

BLOCK SALEA level block of five adjoining properties on a combined 1930sqm in Mayfield has generated plenty of interest from both developers and investors.

The land at 48-56 Macquarie Street, listed by Peter Neskovski of Street Property Group during the week, is zoned R4 High Density Residential and he saidpresents“multiple opportunities” due to its size and proximity to transport, Newcastle’s CBD, university and hospital.

AVID PRESENCEAVID Property Group has strengthened its foothold in the Lower Hunter Valley region with the acquisition of the remaining 750 residential lots at Waterford County near Maitland.

Waterford County at Chisholm is located next to Harvest, an AVID Property Group development and chief executive officer Cameron Holt said both are “poised to meet demand for the booming population of nearby Newcastle, which is undergoing a $500 million revitalisation”.

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