What's Selling: Record sale for Islington believed to have been set at auction

Joel Soldado, of Harcourts Newcastle, marketed the four-bedroom, three-bathroom residence at 27 Chinchen Street that was once the Newcastle Plastics Factory.

It sold at auction on April 7 for an undisclosed sum that the Newcastle Herald believes to have been over $1.8 million.

The previous residential sale record for Islington was $1.41 million, set for the exchange of another warehouse conversion at 14 Power Street nearly 12 months ago.

The result would also be the highest sale in what is becoming known as the "Throsby Precinct" of Tighes Hill, Islington, Maryville, Wickham and Carrington.

The top mark for an area that continues to grow in popularity was $1.79 million, which was paid for a warehouse conversion at 11 Bryant Street, Tighes Hill in November.

Carpenter Tim Nall and his wife Jessica meticulously transformed the Chinchen Street property to create a dual-level residence with around 440 square metres of internal space and soaring 3.25-metre ceilings.

It had four bedrooms including a separate parents' retreat, three bathrooms, a study, open plan living and a six-car garage with 3.2m roller door entry.

There were 11 registered bidders, including four over the phone, for a renovated three-bedroom apartment in Merewether's Clifton Court that reportedly sold under the hammer for $200,000 above its reserve.

John Kerr, of Dalton Partners New Lambton, took 1/15 Livingstone Street to auction with a guide of $825,000 last Saturday.

Bidding kicked off at $750,000 and the property was secured by a Sydney couple for $1.1 million after 36 bids were placed.

The apartment was one of just four in the landmark Merewether complex that was located with footsteps of Dixon Park beach.

It was initially listed with a guide of $770,000 but that was adjusted to $825,000 after strong interest came for the listing at its first open.

In all, during the four-week campaign Mr Kerr reported over 75 inspections and 15 contracts issued.

Another hot auction played out in Kahibah last weekend.

There were 26 registered bidders, seven who reportedly only saw it for the first time on Saturday, for what was considered an entry level home in the increasingly desirable suburb.

Belle Property Lake Macquarie's Sam Taylor marketed the three-bedroom house on a 552 square metre block at 1 Lemana Place with a guide of $750,000.

The property was inspected by 105 groups throughout a three-week campaign and sold under the hammer for $925,000 on Saturday. The successful buyers were from Sydney.

A three-bedroom home at 8 Jennifer Street in Charlestown that was marketed by First National Newcastle City's Mathew Iuliano with a guide of $660,000 sold at auction last weekend for $751,000.

A renovated three-bedroom house at 147 Elder Street in Lambton that was marketed by Street Property's Damon Sellis sold under the hammer for $900,000.

Belle Property Lake Macquarie have reported over 80 groups through a three-bedroom Charlestown home with a pool that has been in the one family since being built in the 1960s.

Belle's Mick Phillips has marketed 102 Waratah Avenue, Charlestown with a guide of $680,000 and takes it to auction at 10.30am on Saturday (April 17).

In Merewether at 2pm today, a Torrens Title villa with development potential will go under the hammer at 24A Janet Street with a guide of $780,000.

Listing agent and auctioneer Anthony Merlo, of Movable, said the freestanding, two-bedroom villa was a perfect retirement option.

"It is a low care and, more importantly, a cost effective property opportunity given its location so close to Merewether beach, baths, Surfhouse and The Beach Hotel," Mr Merlo said.

"Another major benefit is the recent council DA plans allowing the addition of two bedrooms, bathroom, second living area and deck to the existing property."