Summer Hill’s Flour Mill sells 85% of apartments at weekend event

Summer Hill’s Flour Mill development, from EG, includes 300 apartments and terraces in total, with communal gardens and commercial spaces.

At the weekend event, stage one and stage two saw an 85% sellout, with a total of 127 apartments available.

Of the Flour Mill apartments, studios, one, two and three bedrooms were available, while three and four bedroom terraces could also be purchased.

Within the development there will be 12 studios, each at 50 square metres, and from $555,000, with 10 one bedroom apartments at 46 to 52 square metres from $520,000.

The most common option, with 68 available, are the two bedroom apartments from 82 to 90 square metres priced from $770,000. Two bedroom, plus study apartments are priced from $800,000 and span up to 94 square metres, with two bedroom terraces also available from $865,000.

With 15 three bedroom apartments, ranging from 93 to 115 square metres for the apartment and 161 to 175 square metres for the terrace, the prices are from $950,000 and $1,350,000 respectively.

Four bedroom terraces, up to 180 square metres, are priced from $1,375,000.

While interest was seen across all the apartment types it was first home buyers who were purchasing the studios and one bedroom apartments, while terraces with underground parking and two bedroom apartments with parking were popular.

Overall, 65% of the purchasers were owner occupiers, while the remaining 35% will be investor owned.

Development director of EG, Grant Flannigan, said that the development includes contemporised heritage elements.

“The Flour Mill is all about great living, established open spaces and connectivity – a place to live, to work and a place where it’s easy for people to get together,” he said.

Designed by HASSELL, the development will see construction begin on the first of two stages next year, with completion expected in late-2017.