If you live and work within the Menora area, or have recently driven past the intersection of Learoyd and Walcott street, you would have noticed the ongoing construction of 204 Walcott taking shape on our corner site. This soon-to-be multiple boutique apartment and commercial property offering is expected to be completed in early 2019. With all commercial spaces now being sold and the residential apartments selling fast, what is it about the 204 Walcott off-the-plan properties that makes them so attractive?
We have earmarked these 4 key answers:
Anyone who is savvy in the acquisition of property knows that one of the first considerations is always location. 204 Walcott is situated within Menora, one of Perth’s leafiest central suburbs, all 9 residential apartments and 6 commercial office suites will take advantage of a lively neighbourhood with easy access to local amenities, entertainment venues and lifestyle offerings:
Given the recent turbulence of the Perth property market, questions are being asked about when the market will recover and return to normality. This recent [article by The West Australian] indicates that there seems to be a level of confidence returning to the Perth market, which has just been coined the most affordable capital city in Australia to buy a home!
REIWA President Hayden Groves added to this just last week by stating, “This is the most affordable buying environment we’ve seen in Perth for some time, so if you’ve been weighing up whether to buy, now is the time to take advantage of favourable market conditions.”
So it’s official – it is the best time to buy in Perth since 2013, with buyers and investors given the chance to enter the market at an affordable level prior to prices returning to expected levels.
The team behind the 204 Walcott project have ensured that these boutique properties deliver a certain level of quality that Griffin Projects Group is known for within the Perth property industry. These residential apartments create a sense of luxury that is highly attractive to buyers who enjoy the finer things in life without paying through the nose.
Spanning across three levels, the impressive townhouses offer a boutique lifestyle of quality and space, with three private balconies all overlooking and facing the renowned Walcott Street. With a choice of two bathrooms and two bedrooms, added features such as the walk-in robe to the master suite presents the perfect functional apartment lifestyle. The split-level 3 x 2 apartments facing Learoyd Street are centred around the unique staircase railing with private balconies. These apartments come with a full kitchen including a scullery and are perfect for entertaining guests with elevated views of Perth city.
The residential apartments start from just $569,000, roughly half of the average median house price in Menora that sits just above the $1 million mark. While property giant REA – realestate.com.au states that Menora attracts a weekly median rent of $488/week (as at June 19th 2018) that gives investors a solid foundation in which to establish and maintain a strong rental yield.
Savvy investors will quickly identify the proximity, quality and marketability of these properties, combined with the price tag that makes the initial deposit highly affordable, and the potential profitable gains highly probable.
It’s no wonder we have surpassed 50% in sales for these highly sought-after boutique apartments. With limited properties still available, now is the perfect time to speak with one of our friendly sales team to find out more about this one-of-a-kind Art Deco inspired property offering.
To find out more [contact us] today or call us on 1300 77 77 97.