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Sold on 14 Jun 2024 for $375,000

24 Formation Road
Gillieston Heights NSW 2321

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Property Details for 24 Formation Rd, Gillieston Heights

Building Type
Land

Last Listing description (June 2024)

ADDRESS AVAILABLE ON REQUEST, GILLIESTON HEIGHTS
Tucked away within the serene Gillieston Valley Estate, this registered parcel of land presents a rare opportunity to craft your ideal residence amidst a picturesque backdrop. Resting upon some of the most coveted real estate in the Maitland local government area, you'll relish the effortless access to the area's finest schools, shopping destinations, and conveniences.

Key Features:

- Land in Gillieston Valley Estate
- Conveniently close to local establishments, including a pharmacy, IGA supermarket, doctor's clinic, and childcare center
- Zoned for esteemed educational institutions such as Gillieston Heights Public School and Kurri Kurri High School
- Approx. 4-minute drive to Gillieston Public School
- Approx. 9-minute drive to Maitland CBD
- Approx. 8-minute drive to the Kurri Kurri expressway
- Proximity to Stockland Greenhills Shopping Center, the New Maitland Hospital Site, and the Hunter Expressway
- The Hunter Valley: a region that is witnessing rapid growth and development
- Option to build a single-storey or double-storey house and also a granny flat (STCA)

Contact Simon on 0450475247 today to arrange a viewing!

Property History for 24 Formation Rd, Gillieston Heights, NSW 2321

A timeline of how this property has performed in the market
Last Sold
$375,000
14 Jun 2024
  • 28 Jun 2024
    Listed for Sale Sold - $375,000
  • 14 Jun 2024
    Sold for $375,000
  • 17 Mar 2022
    Sold for $260,000
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About Gillieston Heights 2321

The size of Gillieston Heights is approximately 11.8 square kilometres. It has 2 parks covering nearly 0.2% of total area. The population of Gillieston Heights in 2011 was 1,372 people. By 2016 the population was 3,141 showing a population growth of 128.9% in the area during that time. The predominant age group in Gillieston Heights is 0-9 years. Households in Gillieston Heights are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Gillieston Heights work in a trades occupation. In 2011, 75.5% of the homes in Gillieston Heights were owner-occupied compared with 59.5% in 2016.

Gillieston Heights has 2,713 properties. Over the last 5 years, Houses in Gillieston Heights have seen a 53.88% increase in median value, while Units have seen a 62.25% increase. As at 30 November 2024:

  • The median value for Houses in Gillieston Heights is $756,322 while the median value for Units is $511,864.
  • Houses have a median rent of $600 while Units have a median rent of $470.
There are currently 44 properties listed for sale, and 5 properties listed for rent in Gillieston heights on OnTheHouse. According to CoreLogic's data, 130 properties were sold in the past 12 months in Gillieston heights.

Suburb Insights for Gillieston Heights 2321

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Yichao (simon) Yu
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Wenzhuo (alice) Wang
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Successful Properties Group
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.