Launch Alert: Kings Lane townhouses launch in South Kingsville
Melbourne-based developer Blue Run is the latest group to jump into the booming South Kingsville market.
They've just started selling Kings Lane, a boutique townhouse development comprising just 25 three and four-bedroom townhouses designed by Rothelowman.
The two and three-level townhouses will sit on New Street, tucked away conveniently off Blackshaws Road and near Edwards Reserve.
Blue Run Founder and Director Richard Wilkes says not many projects in the Melbourne market can offer a Rothelowman design at this price point
"These townhomes are different to anything else on the market in the area," Wilkes says.
"We’re eight kilometres from the CBD with sustainably designed townhomes by an award-winning architect for under $1 million, which is hard to replicate in the current market never mind in a few year’s time."
LAWD Projects Director Henry Burbury says South Kingsville and the neighbouring Spotswood is evolving, with several of the country's biggest developers undertaking development in the area.
"Mirvac, Stockland, Blue Earth Group and Metro Property have all identified South Kingsville and Spotswood for development. Frasers have also recently launched Bradmill in nearby Yarraville. That speaks volumes as to where they're heading, and that should give buyers confidence that the area is going through a transformation.
"Union Quarter is bringing extensive retail and hospitality spaces, including a health and wellness centre, while a sky rail has been mooted for Spotswood and Newport."
So far Burbury has been fielding interest from buyers from Southbank, South Melbourne and the St Kilda Road precinct, as well as strong interest from interstate.
"They're coming out of apartments and want more space. Similar product in Melbourne's south-east and northern suburbs can be between $1.7 million and $.2 million.
"There's also been a large amount of enquiry from surrounding suburbs like Footscray and Sunshine, as well as those who have house and land in the likes of Werribee who want to come into the city for greater access to schooling for their growing families."
LAWD recently opened the display suite on-site at 56 New Street, South Kingsville.
