Beaconsfield townhouse project site sold at bullish price

A local builder has purchased a 6,849sq m Beaconsfield, Victoria townhouse project site

Beaconsfield townhouse project site sold at bullish price
Beaconsfield townhouse project site sold at bullish price

A local builder has purchased a 6,849sq m townhouse site in Beaconsfield, with plans for a two-stage townhouse project.

Located at 13-15 Mahon Avenue, the first stage permit is approved for 11 townhouses.

The second stage featuring six further townhouses. 

The property sold on a unit rate of $147,059 at $2.5 million.

The deal was negotiated by Benson Zhou and Julian Heatherich of Savills Australia.

Zhou said that buoyancy in the residential market in Melbourne’s outer suburbs had resulted in developers being willing to acquire sites at "more bullish rates."

It had previously sold at $2.09 million in 2017 and then marketed briefly as Azalea Garden.
 
It is just a short walk from Beaconsfield’s core retail precinct which includes a Woolworths supermarket.

The site is also close to Beaconsfield train station that services Melbourne's south east growth corridor.

The nearby suburb of Berwick is seeing significant housing construction headlined by Alira, the nearby master-planned housing estate at 322-340 Centre Road, Berwick.

With pricing from $530,960, Alira is a collection of townhomes, and house and land, popular with first home buyers, growing families or downsizing families.
 

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Tags: 
Melbourne Townhouses Berwick

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