Record set to break for Newcastle property

A stunning beachfront home looks set to break the record of $7 million for the highest-selling residential property in Newcastle when it goes under the hammer next month.

To be sold under the Online Friendly Auction System, the spectacular beachside Merewether home boasts 4 bedrooms, 3.5 bathrooms, triple garage, and was collaboratively designed by award-winning architects Chris Mury Architects and Shane Blue of Bourne + Blue.

The property features clean lines, a sleek minimalistic feel, snow-white interior, floor-to-ceiling glass, and huge gallery walls, not to mention the private guest bedroom and a self-contained apartment on the ground floor along with an inviting outdoor terrace with a heated pool. There are also breath-taking views from the window-walled ocean-view living spaces, a bespoke helical staircase, a hotel-style master suite, home office, opulent dressing room, and more.

PRD Newcastle and Lake Macquarie Founding Director Mark Kentwell estimate the 38 John Parade, Merewether property will break the record for Newcastle for the highest residential sale, with the previous price record for Newcastle set in 2008 of $7 million with Jesmond House on The Hill.

Mr. Kentwell said that Newcastle continues to perform in the property market with the shift in interest to coastal properties proving they are worth their weight in gold.

“Newcastle is such a great place to live and work and with no shortage of world-class beaches, we are increasingly seeing city-siders flock to our area,” said Mr. Kentwell.

“The luxurious home is already drawing interest from Sydney buyers looking for a sea change and they no longer need to be city-based to work,” he added.

“The rarity of this position, combined with the flawless execution of this design and build, really does make this the most exclusive Merewether residence ever to be offered,” said Mr. Kentwell.

The property will be in PRD’s Main Event Auctions (if not sold prior) on Wednesday 11th November online via & In Rooms Friendly Auction @ The Arc Newcastle. To view the 38 John Parade Merewether property click here.

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