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.
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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."
Prior to this year, the highest known sale for a residential non-acreage in the suburb of Cessnock was $785,000 - a four-bedroom, four-bathroom home also in the Stonebridge estate, which sold in September 2019.
That record was eclipsed on April 19 this year with the sale of a four-bedroom, three-bathroom home on Wollombi Road for $790,000, and was broken again just four days later when a George Street property - including a four-bedroom home and a granny flat - sold for $860,000.
