Bentleigh
The residential development is in a well-established suburb in south-east Melbourne. The area is well serviced by multiple transport and schooling options making it attractive for families.
Project Description
Project Development
Three attached, double storey, contemporary style townhouses comprising a mix of four- and five-bedroom accommodation open plan living with private courtyard and basement garages will be constructed.
Although no properties were pre-sold, enquiries and offers were received. Recent comparable sales in the area indicate the properties meet market demand. Furthermore, the underlying fundamentals governing supply and demand for this product type, remains soundly based, fuelled by a changing demographic, and changing purchaser requirements with affordability enhanced by low interest rates.
Planning approval has been obtained and the required start and end dates for construction are May 2022 and May 2024 respectively.
The contracted builder is licensed and experienced, having completed similar residential jobs since establishment. The development is also well insured.
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