Down­siz­ing in style

Herald Sun - Property - - APARTMENTS -

SIZE does mat­ter when it comes to buy­ing real es­tate.

And down­siz­ers can be par­tic­u­larly picky when look­ing to move from the large but empty fam­ily home into some­thing more com­pact.

“Re­tirees are quite dis­cern­ing when it comes to apart­ment sizes,” Cas­tran Gil­bert direc­tor Mark Fo­ry­tarz said. “They don’t want dog boxes af­ter living in the fam­ily home. They are look­ing for some­thing spa­cious and of a high qual­ity.”

Mr Fo­ry­tarz said The Vil­lage Chel­tenham, a 170-apart­ment devel­op­ment on the cor­ner of Ne­pean High­way and Park Rd, was prov­ing popular with the older set.

The project is a mix of light­filled one- and two-bed­room apart­ments set over seven lev­els and around a leafy land­scaped area known as The Vil­lage Com­mon.

The two-bed­room de­signs have one or two bath­rooms. All apart­ments have out­door ar­eas in the form of a ter­race or bal­cony, plus a base­ment car space and stor­age cage.

The one-bed­room apart­ments range from 44.5sq m to 51.5sq m, with out­door spa­ces from 8sq m to 49.5sq m.

Two-bed­room op­tions range from 55sq m to 70.5sq m in­ter­nally and 10sq m to 71.5sq m ex­ter­nally.

Floor-to-ceil­ing win­dows, open-plan kitchen, dining and living ar­eas and bed­rooms with built-in robes will be high­lights in the apart­ments, de­signed by CBG Ar­chi­tects.

Views are an­other bonus, with west side apart­ments look­ing to­wards the coast and north-fac­ing apart­ments to­wards the CBD.

Mr Fo­ry­tarz said the lo­ca­tion was also a draw­card, with the project back­ing on to the Park Rd shop­ping strip and a few hun­dred me­tres from Chel­tenham train sta­tion.

He said about 30 per cent of apart­ments had al­ready been snapped up, with first-home buy­ers and in­vestors join­ing down­siz­ers in the buy­ing queue.

Re­main­ing one-bed­room apart­ments are priced from $349,500 to $430,000, while two-bed­room are from $415,000 to $510,000.

For de­tails, call Mark Fo­ry­tarz on 0407 766 308, visit the dis­play suite on the cor­ner of Ne­pean High­way and Park Rd, Chel­tenham, 11am-3pm Thurs­day to Sun­day, or go to thevil­lagechel­

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