News & Insights
An early start to construction is expected for a Keysborough development after a quarter of its homes sold on its first weekend.
When the Keys Estate launched last weekend, 550 buyers had registered for the 24 planned townhouses. By Monday morning, six were sold, according to Marshall White Projects director Leonard Teplin. Another dozen appointments are lined up for this week. “It’s all young families who are renting locally and trying to get into the housing market,” Mr Teplin said. As a result, a planned mid-year construction start is now pencilled in to begin at the end of March.
Designed by award-winning Peddle Thorp architects, the two, three and four-bedroom townhouses will make the most of a north-south orientation and cross ventilation for natural light and airflow. “This is something good developers are doing,” Mr Teplin said. Each will also feature a study area, and a ground-floor living zone – though floorplan changes are feasible early in the project. The homes’ spacious backyards and proximity to local schools were also of note for many of those interested.
A pair of private parks within the project will add communal space for residents to share with each other and guests. It is also walking distance to green spaces, shops and eateries. Two-bedroom townhouses will cost from $599,000, three-bedroom options from $699,000 and four bedroom abodes from $745,000. Land prices will start from $499,000 for a 300sq m block.