$1.72 million residential sale second-highest for Islington

Joel Soldado, of Harcourts Newcastle, sold a stunning warehouse conversion with four bedrooms and three bathrooms at 27 Chinchen Street at auction on April 7 for an undisclosed sum that the Newcastle Herald believes to have been over $1.8 million.

The suburb's previous residential sale record was $1.41 million, set for another warehouse conversion nearly 12 months earlier.

Mr Soldado has since sold a renovated 1880s residence that backed onto Islington Park at 64 Power Street for $1.72 million. It was scheduled for auction this month and sold on May 28.

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A four-bedroom brick home on an elevated block with views to Mount Sugarloaf at 3 Tramway Drive in West Wallsend has been sold for $900,000 by Belle Property Lake Macquarie within 13 days on the market.

Belle Property also sold a five-bedroom brick house with a five-car garage at 24 Elizabeth Street in Argenton for $745,000 after nine days on the market. There were reportedly multiple offers made for a four-bedroom home at 48 Palisade Street in Edgeworth that Belle sold for $751,000.

John Kerr, of Dalton Partners The Junction, has sold a three-bedroom home at 24 Kotara Place in Kotara for $825,000 and a three-bedroom home close to Newcastle CBD at 25 Elcho Street, Hamilton for $1.1 million.

Richardson & Wrench's Matt Barnes has reported the quick off-market sales in Merewether of 1 Caldwell Street ($2.09 million) and 32 Hall Street ($2.3 million).

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