A landmark heritage house in Hamilton, Fettercairn, has sold at auction for $2.165 million, resulting in a loss for the owners who purchased it for $2.7 million two years ago. The property, built in 1904, returned to the market last year after a previous sale in August 2024. Despite drawing over 70 groups through open inspections, the private treaty campaign failed to secure a buyer. The strategy shifted to an auction with a price guide adjusted to $2 million. Two registered parties competed for the house at auction, with the bidding climbing to $2.16 million before the hammer fell at $2.165 million. The loss-making result reflects the broader market conditions in the Hunter Region, where median home values have fallen 5.5% since April. Fettercairn, set on 1033 square meters, is one of Newcastle's finest examples of Edwardian residential architecture, featuring ornate brickwork, decorative wrought-iron lacework, and six marble fireplaces. The property has a rich history, having operated as a private hospital, a doctor's surgery, and an art gallery before returning to a private residence. Source: Newcastle Herald
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