Encompass

If you've been looking for an apartment in Melbourne's inner north, we you'll love our latest listing, Encompass.&nbsp;

Encompass will stand 8 stories tall on the corner of Elgin and Nicholson Streets in the heart of Carlton. Head north to enjoy weekends at Edinborough Gardens, east to the shopping metropolis of Fitzroy, south, and you're a tram ride away from the CBD and west to find some of the best restaurants in the city along Lygon Street.&nbsp;

Watch our recent display suite tour:

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<h2>ENCOMPASS AT A GLANCE</h2>

Address:&nbsp;8 Elgin Street, Carlton VIC 3053 
Developer: Frasers Property and Citta Property Group 
Architect: Jackson Architecture

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Designed by Jackson Architecture and delivered by Frasers Property in collaboration with Citta Property Group, the team knows the area well, having developed multi-residential developments in Carlton previously.&nbsp;

The team will also be happy to show you through one of their completed developments to give you an idea of the quality standard you could expect.

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Encompass is currently under construction, with the groundworks underway, meaning you'll be able to secure your home at today's price and move in mid-2023.&nbsp;

The tower comprises 115 spacious residences, many of which feature adjoining balconies with southeastern vantage points. Crowning the development is a stunning resident's lounge, which includes an impressive wrap-around balcony with panoramic views of Melbourne's city skyline. It's the perfect spot to watch the sunset and enjoy an alfresco dinner with friends and family.&nbsp;

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You'll also have access to a lavish shared indoor sky lounge, which offers the perfect space for hosting social gatherings.&nbsp;

Just minutes from Encompass, you can walk to Carlton Gardens, Melbourne University, and even the CBD; however, there's also a tram stop right outside your door and secure car parking.&nbsp;

If you purchase before the 30th of June, you may be eligible for some <a href="https://www.sro.vic.gov.au/land-transfer-duty-concession-or-exemption-property-melbournes-capital-city-zone" target="_blank">substantial duty concessions</a>, so enquire today via Urban to learn more about the apartments available at Encompass.&nbsp;

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urban.com.au

Apartment Spotlight Video: Encompass by Frasers Property at 8 Elgin Street, Carlton VIC

Rising nine stories in Melbourne&rsquo;s inner-northern suburb of Carlton, Encompass is the latest residential project from leading developers Frasers Property and Citta Property Group.

The development, under construction by the reputable construction firm Harris HMC,&nbsp;has been designed by Jackson Architecture to present a collection of premium one, two and three-bedroom residences.

Residents arriving at the development, situated on the corner of Elgin and Nicholson Streets, will be greeted by an architecturally distinct building, establishing a unique urban presence within Carlton.

Staying true to the neighbourhood&rsquo;s cultural heritage, the architects utilise &lsquo;masonry stone&rsquo; textured concrete on the fa&ccedil;ade, reminiscent of the original blue cobblestone streets of Carlton.

The building&#39;s form is sculpted by its balconies and terraces, creating a layered effect, and providing a level of privacy, outlook and outdoor living for residents to enjoy.

&ldquo;Pop-out perforated metal clad balconies and staggered anodised window hoods add another element of articulation to the fa&ccedil;ade&rdquo;, the project marketing reads.

The lobby is also framed by perforated metal finishes which continues into the foyer, merging the fa&ccedil;ade with the interior.

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Open and bright living spaces are the feature of each residence, with 2.7m ceilings, paved terraces and balconies and floor-to-ceiling windows.

Oak timber finish flooring and the choice between two colour schemes, light or dark, add a warmth to the home

&ldquo;The kitchens at Encompass are the perfect combination of contemporary style and functionality&rdquo;, the developers note.

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Premium appliances, matte timber-look, full-height cabinetry and dual-tone cupboards contrast against the reconstituted stone benchtop in raw concrete.

Kitchens also include a pull-out pantry and&nbsp;sophisticated matte black tapware to present a cohesive minimalist style. An&nbsp;integrated fridge and freezer is an optional upgrade.

Bedrooms are similarly warm and inviting with built-in robes, wool loop pile carpets and some featuring a study nook.

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Encompass bathrooms follow on from the clean lines and minimalist style of the residence, with feature black fittings, terrazzo floor tiles and a hand-blown Hollywood-style wall lamp.

Creative architecture and considered landscaping mean residents can feel excited whether they are in their private apartments or enjoying the communal amenities on offer.

The development features a rooftop lounge, outdoor barbeque, alfresco dining and lounge areas and a fully-equipped kitchen to provide an escape from the hustle and bustle of the city below.

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Residents arriving at the development, situated on the corner of Elgin and Nicholson Streets, will be greeted by an architecturally distinct building

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Inside Frasers Property’s new Carlton apartments, Encompass

Encompass is a new development rising nine storeys in Melbourne&rsquo;s inner-northern suburb of Carlton, delivered in partnership between Frasers Property and Citta Property Group and currently under construction by the reputable Harris HMC.

At the &ldquo;centre of everything&rdquo;, Encompass is located on the corner of Elgin and Nicholson Streets, and the latest in a strong portfolio of premium residences by the two leading property groups.

Comprised of one, two and three-bedroom apartments, the project provides a great lifestyle opportunity for discerning buyers seeking the best of architecture, outdoor spaces, sustainability, and urban living.

But why invest? Urban takes a look at eight reasons why investors are showing interest in this new development.

1. Melbourne&rsquo;s most walkable neighbourhood

Carlton has been named Melbourne&rsquo;s most walkable neighbourhood by Walk Score, with a score of 97 attributed to its convenient local amenities.

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Residents at Encompass can walk to around 50 restaurants, bars and coffee shops within five minutes.

Benefitting from strong local retail and amenity, education and employment hubs, as we shall soon explore, Carlton has it all.

2. Apartment affordability

Apartments in Carlton offer an affordable option for renters with median weekly rents registered at $360 for the year to March 2021, according to Urbis.

For new apartments&nbsp;in Carlton, median weekly rents registered at $410; a $50 premium over older apartment stock.

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This, coupled with a gross rental yield of 5.1 per cent, provides a big positive for potential investors looking to purchase an apartment in Carlton.

Investors are also likely to achieve a better return on investment as the rental market stabilises as a result of ongoing tenant activity.

3. Public transport

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With trams running along Swanston Street, Nicholson Street and Lygon Street, Encompass residents can feel connected to the Melbourne CBD.

The new Parkville station will also enhance the local public transport offering of Carlton, providing nearby access to the CBD and the remainder of Melbourne.

4. Open space and neighbourhood amenities

Leisure and open space are an important part of any neighbourhood, and Carlton is rich with parklands and gardens.

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World heritage site Carlton Gardens boasts nearly 20-hectares of parkland, and contains the Royal Exhibition Building, Melbourne Museum and tennis courts.

Other neighbourhood amenities include the Carlton Baths, which features a 25-metre public pool, as well as a health club and sporting facilities.

5. Retail and restaurants 

Carlton is characterised by its young and culturally-diverse population, reflected in its great bars and trendy caf&eacute;s.

Lygon Street, or &ldquo;Little Italy&rdquo; as it&rsquo;s known by locals, features almost 150 retail stores, including 80 caf&eacute;s, bars and restaurants, many of which are Italian. &nbsp;

Residents are never far from local retail amenity, with a Woolworths shopping centre nearby, as well as an IMAX cinema, bank and clothing stores.

6. Over $11 billion in infrastructure investment

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$11 billion in state and local government infrastructure investment is currently in the pipeline to benefit Encompass residents.

Key projects include the $11 billion new metro tunnel project to improve train capacity by close to 60 per cent and the $9 million University Square masterplan.

The $500 million redevelopment of the inner-city innovation precinct will also serve to introduce a new mixed-use precinct to the suburb that features office space, public engagement space and retail offerings.

7. Great design

Designed by Jackson Architecture, the design of Encompass is sure to see renters seek out an apartment in the new development.

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The architecturally distinctive building will establish a unique urban presence within Carlton and Fitzroy, while staying true to the neighbourhoods&rsquo; cultural heritage.

This extends into the interiors with open and bright living spaces, a paved terrace or balcony in each residence and carefully considered floorplans.

8. Nearby educational institutions

A number of educational institutions are within close proximity of Encompass, including Australia&rsquo;s leading university, the University of Melbourne, which sits along the western border of Carlton.

Several major universities are situated within walking or cycling distance for Carlton residents, including RMIT University, Victoria University Flinders Campus and the University of Melbourne&rsquo;s Parkville campus.

Primary schools nearby include the Carlton Gardens Primary School, Carlton Primary School and Carlton North Primary School.

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Urban takes a look at eight reasons why investors are showing interest in this new development

Encompass

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