The entrance to the new Pebblestone land release at Willowbank.NEW land has been released at the hugely popular Willowbank estate for the first time in two years.Pebblestone is the latest offering by Parkside Development comprising 10 lots ranging from 680sq m to 1070sq m, located off Willowbank Drive in Kirwan. The new land release is aimed at the premium market with lots starting at $231,000 and going up to $269,500.Parkside Development land sales manager Paul Fotinos said the 10 blocks could be the last land released at Willowbank for some time and they had already sparked the interest of potential buyers.“As soon as we started putting signs up and doing earthworks in here we had interest,” he said. “The difficulty is people that aren’t in the market don’t know what land is worth.“This is not traditional first homebuyer land unless they are in their late thirties or forties with a good income, then this could be their first home. It would more suit people wanting to upgrade to their second or third home.”The estate is surrounded by high-quality homes and has mountain views. It’s close to shops, schools, sporting facilities and the Avenues Tavern.More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020The master plan for Willowbank featuring the new Pebblestone land release.Parkside Developments marketing manager Fiona Montgomerie said Pebblestone filled a gap in their offerings by serving the premium market. “It’s aimed at the premium market because the price will dictate that but also the size of the land and the quality of the homes that are around it,” she said.“The existing estates we’ve got are Greater Ascot, Cosgrove and Liberty Rise, so this would complement that mix because Greater Ascot and Liberty Rise generally have blocks smaller than 800sq m.“Now if a buyer comes to us we have several estates that can help them and adding this to the mix adds a premium option for those people who aren’t looking for the smaller, downsizer lots and want something bigger.”Mr Fotinos said unlike many other estates in Townsville, Pebblestone would exclusively feature large lots, helping the homes to retain their value.“The thing about Willowbank that makes it work so well is that it’s big lots all together,” he said. “Parkside went in with the belief of keeping the block sizes large and giving people confidence that when they build, the people around them are going to build something similar, which helps with property values.”For more information visit willowbankestate.com.au.