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Newcastle Herald
Newcastle Herald
Jade Lazarevic

Redhead knockdown sells for multimillion-dollar price, 51 years after $14,700 purchase

How much would you pay for a knockdown with an ocean view?

A property in Redhead, held by one owner for 51 years when it was bought for $14,700, has sold for an eye-popping price after attracting multiple offers from buyers who all had plans to demolish the existing house to make way for a new home.

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