A home in Curry Street, Merewether has sold off market for $4 million

By , 18/02/2019 16:13

$4 million sale sets new ceiling for Merewether’s Curry Street NEW CEILING: This near-new home in Merewether’s Curry Street has sold off market for $4 million.
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CLEAN LINES: The home was designed by award-winning Space DesignArchitecture.

“HIGH END”: It has ocean views, soaring ceilings, a four-person lift, entertaining zones and a saltwater pool.

A home in Merewether’s Curry Street has sold for $4 million.

A home in Merewether’s Curry Street has sold for $4 million.

A home in Merewether’s Curry Street has sold for $4 million.

A home in Merewether’s Curry Street has sold for $4 million.

A home in Merewether’s Curry Street has sold for $4 million.

A home in Merewether’s Curry Street has sold for $4 million.

A home in Merewether’s Curry Street has sold for $4 million.

TweetFacebook $4 million sale in Merewether’s Curry StreetThe four-bedroom home was designed by Space Design Architecture and has ocean views, a four-person lift and saltwater swimming pool.It may not be a suburb record but a $4 million sale has eclipsed any other for Merewether’s Curry Street.

The seven-figure sum was paid in an off-market exchange during the week andeasily surpassed the previous highest sale amount for the street of $2.399 million, according to n Property Monitors data. That was paid for No.1 last December.

The $4 million sale of 30 Curry Street –a near new “high end” residence which has ocean views and featureda four-person lift –was brokered by agent Mike Flook, of Robinson Property.

The four-bedroom home, built two years ago,was bought by an interstate businessman relocating to Newcastle.

“The home is in thatgolden triangle of Pell, Curry andJanet streets, anything that hugs the back of the school there and is a block or two back from the beach,” Mr Flook said.

“What the purchaser appreciated was it offered privacy -not being smashed by the elements that you get right on the beach –and it is by far one of the best quality homes that he had seen, and he looked at several other that are currently on the market.

“For a build of that quality combined with position, location and what blocks with older homes are selling for in the immediate area, itwill prove to be a sound investment for the future.”

Merewether continued to setthe pace for propertyin the region last yearwith prices soaring more than 20 per cent on the previous12 months and the suburb’s median rising to $1.38 million,according to APM sales data.

Read more: House prices still on rise in beachside suburb

The biggest sale for the year was $5.05 million in May,when Mr Flook sold 107 Frederick Street, which attracted local, national and international interest.

The Frederick Streetsale was on market but the Robinson Property agentsaid a number of sales in and around that exclusive pocket of Merewetherwere doneoff market.

“We’re working closely and tightly with professional people who have made it clear what they’re seeking,” Mr Flooksaid.

“This was an enquiry I received off a completely different property and everything he described was Curry Street and this one rose to the top of the pile.

“A lot of these people don’t make quick decisions. They’re looking for that right property andon the seller’s side, especially up in that bracket, theyare private people and want to keep it low key.”

The record sale comes after a string of other new benchmarks set for suburbs in Newcastle and Lake Macquarie in the past six months.

Read more: Strong 2017 for ‘blue chip suburbs’

New price highs were set in Stockton ($2 million), Garden Suburb ($1.1 million),Adamstown Heights($1.6 million),Hamilton South ($2.625 million), Lambton ($1.54 million), Kotara South ($1.09 million),Broadmeadow ($1.25 million) and Redhead ($1.6 million).

A Hamilton East home which hitthe market last weekend will by far surpass any other sales in that suburb if it reached its price guide of$2.7 million to $2.9 million.

Read more: “Jaw-dropping” Hamilton East home poised for new suburb record

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