Strong interest has come early for an historic residence in The Hill’s tightly held The Terrace.
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Scott Walkom and Thomas Hook, of Walkom Real Estate, are marketing the home which was built circa 1890 with a price guide of $4 million.
It enjoys position opposite King Edward Park and offers stunning water views.
“It is an 1890s build and the owners have done a really good renovation matching old and new,” Mr Walkom said.
“It’s very light for a terrace. It’s got a north-east living aspect with views of the water and across the park.”
It has always been regarded a prized position in Newcastle and homes there rarely hit the market.
“In the early days, The Terrace would’ve been a very exclusive part of town, which it still is,” Mr Walkom said.
“It would have to be one of the finest homes in Newcastle. It’s definitely one of the most sought-after and premier streets of Newcastle.
“There are people living in the area who have always wanted to live in The Terrace and there has been a lot of early interest, both locally and from Sydney.”
The two-storey Victorian home features four spacious bedrooms, two marble bathrooms and a modern kitchen with Carrara marble benchtops.
There are high, ornate ceilings, bay windows, french doors, original fireplaces, an American Oak staircase and timber floors.
The home has multiple living spaces and seamless indoor-outdoor flow with a protected courtyard off the kitchen and dining area.
The separate garage is at the rear of the property with parking for two cars and an additional storage room.
In 2017, according to Australian Property Monitors data, there were 24 sales on The Hill with a median house sale price of $1.437 million, showing growth of 16.9 per cent from the previous year.
The last sale of a home in The Terrace was when No.4 sold for $2.35 million in 2015. The proceeds of the sale of the circa 1870 home went to a charity supporting homeless children.
The biggest sale for Newcastle was $7 million for the sale of historic Jesmond House in The Hill’s Barker Street in 2008.
When the Church of England sold Bishopscourt in Brown Street in 2015 it garnered $5 million.
The sale of a home in Church Street in 2016 was $3.5 million.
The home at 30 The Terrace is on the market for the first time since 1996, according to APM data.
It is within walking distance of the Bogey Hole, Anzac memorial bridge, Bar Beach and Newcastle beach and ocean baths.
Inspections are by appointment only.
