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Buy 365 Neerim Rd

Apartment Residential Property for Sale in Melbourne, VIC, Australia

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Title: 365 Neerim Rd
ID Number: 11829
State: Victoria (VIC)
City/Town/Suburb:MELBOURNE VICTORIA 3000
Listing Type: Residential Property
Categories: Apartment, (Off the Plan)
Description: Nothing about 365 Neerim Road is ordinary.
We’ve started with the basic requirements of life and added layer upon layer of richly
designed detail to create warm and rewarding living spaces. Generous outdoor areas
and balconies are sited to trap the sun, but screened to protect your privacy.
Timeless architecture contributes complexity to the streetscape. Innovative use of
construction materials, super insulation and clever engineering combine to maximise
energy efficiency and minimise impact on the environment.
This boutique development comprises just 16 individually-designed two and three
bedroom apartments, all with two bathrooms, Euro laundry, secure basement car
parking and storage.
Why Invest?

Carnegie ranks among the top 100 most liveable suburbs in Melbourne.

Rental Properties are in huge demand in Carnegie, with more than 40% of
residents currently renting, compared with just 26.5% across Greater Melbourne.

Despite being outside the inner city, Carnegie’s public transport links and easily
accessible shops help it achieve a Walkscore of 75, making it Melbourne’s 46th
most walkable neighbourhood. Almost every daily task is achievable on foot.

Units in Carnegie are among Melbourne’s most desirable, helping to drive average
annual capital growth of 6.79%.

Almost half of Carnegie’s population is aged between 20 and 44 - considered the
prime age range for renting.

Chadstone Shopping Centre, which is currently undergoing a $580 million
expansion, is home to more than 500 shops, supermarkets, entertainment
destinations and department stores.

Demand for well-located suburban homes is expected to see Carnegie’s population
swell by more than 5000 residents over the next 20 years - from just over 18,000 in
2016 to more than 23,200 in 2036.

Carnegie unit owners enjoy consistently high returns on their properties and rental
yields averaging an impressive 4.14%.

Carnegie attracts a large white-collar working demographic, with almost half of its
residents employed as managers and professionals.

The City of Glen Eira will enjoy significant renewal in 2016, with projects including:
- The removal of two Carnegie railway level crossings and another at neighbouring
Murrumbeena
- $32.1 million in local infrastructure upgrades
- Improvements to at least eight local parks and open spaces
Price: $ 613,575.00 to $ 727,200.00
Stock Value: Upon application
Net Profit: Upon application
Turnover: Upon application
Map of MELBOURNE VICTORIA 3000, AU

Contact: Mr Brian Downes
Jontone Productions Pty Ltd
Phone: 0455 38 00 84
Mobile: 0455 38 00 84
Email: [email protected]