ANGLE secures new Camberwell apartment project
Melbourne residential developer ANGLE has secured a double-quick approval for its new apartment project in the heart of Camberwell.
ANGLE, who is currently delivering Fernhurst in Kew and has an impressive portfolio of completed projects across the likes of Elwood, Hawthorn and South Yarra, has been given the green light by the City of Boroondara for a 10-level mixed-use building at 335 Camberwell Road with 69 apartments.
The development, to be known as Terrace given its stepped design, will be ANGLE’s seventh project in Boroondara and second in Camberwell, which has a median house price of $2.61 million, reflecting its status as one of Melbourne’s most sought-after suburbs, bolstered by its grand, historic residences and tranquil, leafy streets.
The building has been designed by Tristan Wong Architecture and Design and will offer a mix of one, two and three-bedrooms, with an average internal area of over 190 sqm and large terraces averaging over 30 sqm.
The 3,807 sqm site is just 300 metres from Camberwell Junction.
The apartments will sit above ground floor retail and hospitality spaces along Camberwell Road, as well as 213 parking spaces in the basement, an averge of three spaces per dwelling.
ANGLE is giving back a lot of the site to resident use. They're only covering 58 per cent of the near-one acre site, so they can create a private 500 sqm north-facing park with large canopy trees and dense landscaping by MALA Studio and Amanda Oliver Gardens.
"Projects with park outlooks have always outperformed the market and given the location opposite Camberwell Civic Centre and the amount of frontage afforded to us, almost every apartment will have a park aspect. Further, given the size of the setbacks and 58% site coverage, the building sits in a heavily landscaped setting," ANGLE Director Lachlan Gibson says.
He believes they have one of the best sites in the area.
"Analysis shows that this is one of the only developable sites in excess of 3,500 sqm in the Camberwell Junction Activity Centre, so we consider ourselves extremely fortunate to have secured what we think is the best one, being almost an acre in size and fronting a park."
Gibson is expecting local downsizers to make up the majority of purchasers.
"We are super bullish on the Melbourne market in the space that we are playing in. There is an extremely low supply of high-quality projects and the market is becoming increasingly discerning, which is pleasing to see. Buyers are more than happy to pay a premium for something if they love the design and know it’s going to be delivered well. This is especially true if the project has a bit of X factor, such as a park outlook."
Construction on Terrace is expected to start in 2026, with completion slated for 2028.
