Downsizing in style
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 thevillagecheltenham.com.au