By Renee Valentine – This article was first published in The Newcastle Herald
Heath Baird, of Baird Real Estate, believes Cessnock is closing in on its first $1 million sale for a non-acreage home after the $875,000 result for a five-bedroom, three-bathroom house in the city’s Stonebridge Living Estate.
Mr Baird marketed 4 Turnberry Avenue with a guide of $880,000. The house was on a 784.5 square metre block and purchased by a Sydney buyer as an investment.
He believed it to be the highest sale of a residential, non-acreage house in Cessnock and observed increased interest in the area from out-of-town buyers.
“We had people looking at it locally, but mainly interest was from Sydney and the Central Coast,” Mr Baird said.
“We’re heading towards $1 million and I don’t think we’re too far away from that. There are homes regularly selling in the $500,000s to $700,000s now.”
Belle Property Lake Macquarie sold a four-bedroom home with lake views at 6 Joseph Palmer Close, Speers Point off-market for $1.725 million this month within five hours of being listed. They sold the property six months ago for $1.5 million.
A one-bedroom home at 26 Elizabeth Street in Carrington was sold by Belle Property Newcastle for $560,000 within days of going online.
First National Newcastle City sold a three-bedroom home at 1/42 Tyrrell Street, The Hill for $960,000 before auction.