Rare first home buyer opportunity in Melbourne’s Bayside Brighton apartment market
Brighton, in Melbourne’s exclusive Bayside precinct, is one of the most-sought after, and most expensive, areas of real estate in Victoria.
Rarely does an opportunity for a first home buyer come along. But the local Southend Property Group is developing their newest boutique apartment development, Southend, with first home buyers at the forefront of their thinking.
They’ve priced their one-bedroom apartments from $549,000, and the two-bedroom apartments from $694,000. They’re about a third cheaper than the next most affordable development currently on the market at Brighton, which is priced from $1.8 million for a two-bedroom apartment.
The median apartment price in Brighton is $895,000, according to SQM Research.
Metaxas Architects has designed the low-rise, three-level development of just 22 apartments. Each apartment has open plan living spaces which opens to a balcony or terrace. Cobuild are handling the construction.
Southern is located at 604-608 Hampton Street, an enviable location where residents can step directly out to Hampton Street’s thriving cafes and shops, stroll down to Were Street Village’s gourmet groceries and walk to South Road beach.
Comprising just 22 apartments constructed by Cobuild, the three level building was designed to provide open plan living spaces that open to a balcony or terrace.
