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Who’s buying, who’s selling?

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A look behind the scenes of the region’s property market with Jonathan Chancellor.

Glendonview Sold

2684 Glendonbrook Road, Gresford

This 14-hectare equine estate at Gresford has been sold for $1.9 million through Kristy Resevsky of Kristy Resevsky Property who had it listed with a $1.85 million to $1.95 million price guide. The Glendonbrook Road property has operated as a prestigious stock and quarter horse breeding and training business.

Its main residence is a two-storey, 2018-built six-bedroom house surrounded by an expansive verandah. One of the bedrooms had been set up as a hair salon with its own entry.

Its equine facilities include stables, tack room and feed shed, plus six grassy paddocks with stock dams. There is a network of laneways that lead to the main horse and cattle facilities, centred around a sand arena.

It has been a busy time for Gresford acreages with sales including Clifford, the 107-hectare holding with a stone cottage dating back to 1845. It fetched $2.53 million, having sold in 2021 for $1.63 million.

With 10,000 litres of river water tanks gravity fed to the troughs, Clifford’s carrying capacity is currently 80 head, with the potential of 120 in a good season.

Aventine Sold

13/70 Wolfe Street, Newcastle

The Aventine penthouse at The Hill has sold for $3,925,000 after a sequence of repricing. It initially hit the market with $4.95 million hopes in September 2022.

Completed in 2002, the apartment was purchased off the plan for $1.427 million in 2001 after being developed by the Stronach Group. The tightly held complex at 70 Wolfe Street had seen just the one sale since 2019.

Spanning 399 sqms, the four-bedroom, three- bathroom penthouse comes with a triple garage. There is a study and two terraces with views to Nobbys Headland, Christ Church Cathedral, Port Stephens and beyond. Residents have access to the common pool and spa. The strata fees were advised as $22,038 p.a.

The sale was secured through Thomas Hook and Ben Jarvis of Walkom Real Estate.

Peacock Hill Sold

29 Palmers Lane, Pokolbin

A prized Hunter Valley wine estate, Peacock Hill in Pokolbin, has been sold for the first time in 25 years securing $3.6 million. Owned since the mid- 1995 by the Tsiros family, its name dates back to an 1840 land grant of 100 acres to John Jenkins Peacock, a colonial farmer and shipbuilding merchant who soon after became insolvent.

Located on Palmers Lane, the eight-hectare holding has 4.5 hectares of vineyard planted since 1968 including Shiraz, Chardonnay, Cabernet Sauvignon and Cabernet Franc.

Its production was suggested as ranging between 600 to 1,500 dozen, depending on seasonal conditions. The front paddock is suitable for further planting.

Peacock Hill has a primary three-bedroom residence, an adjoining two-bedroom guest lodge and a manager’s residence which was marketed as having the potential to be converted into a restaurant with a large underground wine cellar.

Cain Beckett of Jurds held the listing for the property which has been on and off the market since early 2022.

Listing at The Vintage Estate

2-4 Liquid Amber Close, Pokolbin

A new home on The Vintage Estate, overlooking the Greg Norman-designed championship golf course at Pokolbin, has been listed with a $4.49 million price guide.

Set across two blocks totalling 1,237 sqms, the five-bedroom, four-bathroom house was designed and built by Greenbuild Constructions. With a fully automated home system, including underfloor heating and ducted air, there is about 400 sqms of living space across its three levels.

Features include a theatre room and even a golf simulator. The grounds offer a pool, two spas, an outdoor kitchen and a fire pit.

The property enjoys access to the clubhouse and tennis courts at The Vintage Estate and Golf Course, often described as the ‘North Shore of the Hunter’.

Tommy Hawkins of McGrath holds the listing at 2-4 Liquid Amber Close in conjunction with Robert Brooks of Vintage Realty.

Kiora on The Market

7 High Street, Morpeth

Kiora, also known as Kia-Ora, a historic, restored estate overlooking the Morpeth Common and Wildfowl Reserve has been listed for the first time in over two decades.

It was originally constructed in 1879 for Morpeth’s first mayor, New Zealander John Hogan. Fittingly, there is a photograph of the property’s front verandah featuring the 1903 All Blacks touring party.

The three-bedroom, two-bathroom Victorian Gothic abode sits on 4,275 sqms of manicured lawn, hedges and gardens. Also comprising a home office and a library, the property comes with stables that have been converted into
a studio. Original features include polished tallowwood floors, cedar joinery, pressed-metal ceilings and ornate plasterwork as well as marble fireplaces. It last traded for $555,000 in 2002 having featured in the Sydney Morning Herald’s Title Deeds column when listed by Ireland-bound academics Professor Roy Green and Dr Deidre Wicks.

Located at 7 High Street, the twin-gabled home with its cast-iron lacework on its wide bullnose verandah has been listed with Rachael Brecht and Cain Beckett of Jurds who expect around $2.5 million.

Prince Edward Sold

60 Edward Street, Merewether

Prince Edward, a four-bedroom Merewether house, has been sold for $1.981 million.

It is set on an elevated 497 sqm parcel with views over Merewether towards the ocean. The house has a 16 kw solar system, an open plan living area and a ground floor garage with storage. The master bedroom comes with a walk-in wardrobe, ensuite with a spa bath and a nursery. The three-storey Edward Street abode which was marketed by Troy Reeves of Altitude Real Estate previously sold for $1.83 million in 2021. The area’s four-bedroom median house price sits at $2,150,000, up six percent in the past year, according to realestate.com.au.

This article first appeared in Hunter & Coastal Lifestyle Magazine.

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