Coburg Hill's townhome release sparks interest with first home buyers

Coburg Hill's townhome release sparks interest with first home buyers
Nicola TrotmanDecember 7, 2020

Amid the latest talk of first home buyers struggling to get their foot in the market, Satterley Property Group’s latest townhome release in the Coburg Hill Estate has sparked interest, with the first three lots bought by first home buyers in their 20s.

The 10 townhomes will be built on the historic Kodak site in Coburg North, nine kilometers from the Melbourne CBD.

Featuring three bedrooms and two bathrooms, the two-storey homes range in price from $575,000 to $595,000 and range in size from 193 square metres to 214 square metres in total.

General manager of Victoria and Queensland Satterley Jack Hoffmann says initial interest in Focus @ Coburg Hill has been significant.

“We expect that these townhouses will be snapped up very quickly.

“Focus represents a unique opportunity for home buyers and investors, whether they’re families, empty nesters, or settling into their first home.

“We are one of the few estates offering new housing this close to the CBD, without sacrificing the space to relax and enjoy the benefits of suburban living,” says Hoffmann.

Seven townhomes have sold since the developments launched on September 29, with one more pending on deposit.

The two remaining townhomes are priced at $585,000.

Construction is scheduled to commence at the end of this year, with residents to move in by November 2014.

The median unit price in Coburg North is $460,000, a 35.4% change in the past five years, according to RP Data.


Images are artistic impressions.

 


Nicola Trotman

With a penchant for the written word, Nicola has built a career doing just this – now Creative Director at thriving Melbourne-based PR agency, Greenpoint Media.

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