Valentine leading the lake’s charge

COMMANDING: Andrew Poole’s waterfront mansion at Valentine. The listing for sale of Andrew Poole’s waterfront mansion at Valentine has set tongues wagging around eastern Lake Macquarie.

The palatial home of the prominent businessman had been expected to set a new record for the suburb when it was listed by One Agency Eastlakes in April.

However whencontacted byDomain,agent Rod Conry said the homehad been pulled offthe market.He declined to give anyfurther comment.

According to Australian Property Monitors records, Mr Poole has owned the lavish homesince 2006. If features four bedrooms, five bathrooms, a lap pool and a gymnasium.

Ithad been expected to fetch a sum in the vicinity of $4 million.

That would have smashed the current suburb record, set in recent weeks with the sale of a property on Valentine’s millionaires’ row at 55 Dilkera Avenue.

There were unconfirmed reports thathome sold off-market for $3.5 million. When contacted, agent Mark Longworth of Dowling Eastlakessaid he was bound by confidentiality from giving the exact sale price.

However he confirmed the home sold for between $3 and $4 million.

Mr Longworth said it was“absolutely” possible to break the $4 million barrier east of the lake.

“I can remember selling waterfronts around here for $350,000 and a million seemed impossible then.”

A third waterfrontproperty at 49 Dilkera Avenue is currently on the market for between $2.3 and $2.5 million.It has been listed throughJoshua O’Doherty of LJ Hooker Belmont.

Mr O’Doherty and Mr Longworth agreed the interest was mostlyfrom locals rather thanSydneysiders.

“Northern migration is a real thing but the reason they’re cashing out of the Sydney market is they want to spend half themoney and increase their lifestyle,” Mr O’Doherty said.

He said the Sydneybuyers willing to spend the biggest dollars were also being “grabbed” by the inner city Newcastle market.

“The local people appreciate the value of the water and the waterfronts,” Mr Longworth added. “Sydney people come up and look and they think I’ve hit a country town, I’ll be able to steal it and they get a shock.”

Agent’s Cooks Hill terrace listed for $1.9m after a stylish makeover Valentine leading the lake’s charge TweetFacebookSoque record RECORD: One of the Soque apartments has sold for $907,750, smashing the old record for the complex. It’s expected the result will set a precedent for future sales.

One of the Soque apartments has sold for $907,750, smashing the former record for the old woolshed complex in Islington.

Agent Joel Soldado of PRDnationwide sold the three-bedroom apartment to buyers relocating back to Newcastle.The previous record was $720,000 for a five-bedroom property.

“We had six or seven people competing over it,” Mr Soldadosaid.

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