Setting the bar high

A Hinterland estate has a new record holder following the sale of an acreage property

THE million-dollar sale of a sprawling Advancetown home has set the bar for its Hinterland estate.

A local buyer splashed $1.43 million on the property at 64 Hidden Woods Drive – more than $1 million more than the sellers paid for the block in 2010, according to property records.

Marketing agent Katrina Walsh, of Harcourts Coastal, said it was the only property to sell in the Hidden Woods Estate since the original owners snapped them up.

“It’s set a record, it’s the only resale in the estate,” she said. “It had a lot of interest.” She said the buyers planned to live in the four-bedroom, three-bathroom residence, which was on the edge of a nature reserve and had panoramic valley and Hinterland views.

The 4062sq m property includes a singlestorey house, saltwater pool, deck, covered parking for seven cars and a work shed.

A media room, billiards room with wet bar, parent’s retreat and sauna are among its standout features.

Property records show the seven-figure deal marked one of the highest sale prices in Advancetown.

A five-bedroom property on Narrowleaf Rd holds the suburb record after changing hands for $1.6 million in 2016.

The Hidden Woods Drive sale comes weeks after another acreage estate at Gilston sold for $2.85 million. Self-titled agency head Michael Kollosche and agent Rob Lamb handled the sale of 25 Fyfes Rd.

Mr Lamb said buyers often got a lot more for their money in hinterland suburbs.

Latest CoreLogic data shows Gilston’s median house price is $605,000.

Advancetown doesn’t have a median house price as there haven’t been enough sales to determine an accurate figure.

The Advancetown residence at 64 Hidden Woods Drive has set a sales record for its estate.