Buy Flagstaff Green
Apartment Residential Property for Sale in Melbourne, VIC, Australia
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| Title: | Flagstaff Green | |||||||||
| ID Number: | 11832 | |||||||||
| State: | Victoria (VIC) | |||||||||
| City/Town/Suburb: | MELBOURNE VICTORIA 3000 | |||||||||
| Listing Type: | Residential Property | |||||||||
| Categories: | Apartment, (Off the Plan) | |||||||||
| Description: | Flagstaff Green 15-31 Batman Street, West Melbourne • Located in a wide street just off the main road to Flagstaff Gardens neighbouring to a heritage listed property. • Floorplans allow for maximi sed light with natural light to all bedrooms. • Levels ground to 14 - 1 & 2 bedroom apartments include a higher premium of finishes. • Two level loft apartments within lower and high levels giving a townhouse feel with the security and benefits of being an apartment. • High-end large kitchens. The maximum kitchen space possible has been designed for each apartment. • Balconies are large to allow for an extended living area. • Facilities include: • Level 1: 18m outdoor swimming pool, spa, well-equipped gym and outdoor deck. • Level 3: Private dining and lounge area, expansive courtyard and media room. • Level 15: Exclusive to residences on level 15-20 (42 apartments), 2x rooftop gardens with lounge areas, teppanyaki bar and grill plus indoor lounge and dining area. Why Invest? The average annual income of residents in West Melbourne is 45% greater than that of Greater Melbourne. More than $6 billion worth of infrastructure investment is in the pipeline for West Melbourne. Key projects include: The E-Gate development with a total project value of $5 billion & The Melbourne Metro Rail Project which is a $9 billion proposal. There is growing demand for residential properties in West Melbourne, with the median price growing 5.9% over the past year. West Melbourne has a low vacancy rate of 2.4% and growing demand for rental properties, evident from recent growth in rental contracts. As of 2015, there are over 4,500 residents in West Melbourne. Over the past decade, the population has grown by 4.6% per annum. Over the past 12 months, West Melbourne’s median apartment price has grown by 5.9%. The median apartment price in West Melbourne for the six months ending September 2015 was $582,000, which is 25% higher than the median for Greater Melbourne. The median rental rates for one, two and three bedroom apartments in West Melbourne registered $310, $449 and $650 per week respectively, as of June 2015. Over the past 10 years the number of rental contracts for one, two and three bed apartments grew strongly by 16.2%, 7.1% and 6.1% per annum respectively. |
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| Price: | $ 350,000.00 to $ 1,235,000.00 | |||||||||
| Stock Value: | Upon application | |||||||||
| Net Profit: | Upon application | |||||||||
| Turnover: | Upon application | |||||||||
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