SOLD
Sold on 08 Mar 2024 for $6,500,000

412 Cessnock Road
Gillieston Heights NSW 2321

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 38960m2
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Property Details for 412 Cessnock Rd, Gillieston Heights

Building Type
Land
Land Size
38960m2
Local Government
Maitland
Lot/Plan
21/DP1092105

Last Listing description (August 2021)

CBRE is pleased to offer to the market, this residential englobo subdivision site at Gillieston Heights in the Hunter Valley of NSW.

Key attributes of the site include:

Site Area of 3.959 Hectares
R1 General Residential Zoning
Potential for 45 residential allotments*
Services available for connection
5 kilometres south west of Maitland CBD & Train Station
Strong demand from owner occupiers for house and land packages


The site will be sold via an Expression of Interest campaign closing on Thursday 22 July 2021 at 4pm (AEST).

*Subject to Council consent

For more information, please contact the below agents:

Ben Wicks
0422 206 015
ben.wicks@cbre.com.au

Xavier Rahme
0415 711 606
xavier.rahme@cbre.com.au

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Property History for 412 Cessnock Rd, Gillieston Heights, NSW 2321

A timeline of how this property has performed in the market
Last Sold
$6,500,000
08 Mar 2024
Listed for Rent
$428/w
30 Aug 2019
  • 08 Mar 2024
    Sold for $6,500,000
  • 16 Aug 2021
    Sold for $5,200,000
  • 23 Jun 2021
    Listed for Sale Please Contact Agent
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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.

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