Caulfield

BNG Group&#39;s latest residential project, Olea,&nbsp;has been developed to&nbsp;complement&nbsp;both the exisiting neighbourhood character and street presence, whilst delivering an individual architectural addition to the site.

The Kambrook Road development has been designed by Melbourne-locals, CK&nbsp;Architecture, in an effort to appeal to a wide buyer type,&nbsp;with just seven, various-sized townhouses, along with 58&nbsp;one, two and three-bedroom apartments.&nbsp;

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With a distinctive built form, each of the apartments have been positioned to surround a pivotal central courtyard - which is the heart of the project.&nbsp;

Basking in northern aspects and with a considered landscape design, Olea&#39;s courtyard creates a seamless transition from the indoors to the out, which CK Managing Director, Domenic Crisante says is a sought-after feature in modern design.&nbsp;

&ldquo;Generous greenery and communal spaces balance the landscape and built form to give additional character to Olea,&rdquo; says&nbsp;Crisante.&nbsp;

To further decrease the impact&nbsp;the development has on the exisiting neighbourhood, Olea has been broken down into zoned interfaces.&nbsp;

[smartcode_project:default project_id=8440 project_image_fid=199590]

The townhouses form the front of the site, positioned facing the street to maintain the village feel of Caulfield North, with the definition of smaller sections of the building&#39;s frontage creating individual components which have their own street access, as well as a sense of address.&nbsp;

The brick facades of the townhouses and upper level of Olea reflect the neighbouring homes on Kambrook Rd, allowing the building to sit naturally in the street, while the newly designed laneway interface will increase accessibility and interaction with Olea&#39;s surrounds.&nbsp;

&ldquo;The design approach for Olea is one of simple elegance, with a clever uses of space, best appliances, superior materials and&nbsp;an awareness of the flows&nbsp;of everyday living,&rdquo; says Crisante.

CK has designed all of Olea&rsquo;s spaces with a focus&nbsp;around natural flow, light, and creature comforts.

[smartcode_project:default project_id=8440 project_image_fid=199580]

The interiors are set with an understated colour palette, featuring limestone benchtops and splashbacks, complimented by timber flooring throughout.&nbsp;

CK Architecture&#39;s Associate Director, Helena Barriga says the fixtures and fittings throughout are just some of the features&nbsp;elevating&nbsp;Olea to another level.

&ldquo;The design and finishes throughout Olea employ creative elements to deliver timeless class, sophistication and luxury,&rdquo; Barriga said.&nbsp;

Each home also features two-pack cabinetry with feature timber-work and a choice of rose copper or satin chrome fittings, further elevating the residences.

The $47 million venture still has a mix of one, two and three-bedroom residences still remaining, with construction complete on the Caulfield project.&nbsp;

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With an effort to appeal to a wide range of potential buyers, Olea delivers seven townhouses and a mix of one, two and three-bedroom apartments.



alisonwarters@gmail.com

The park-life atmosphere inside Olea in Caufield North

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Halstead House, believed to be the oldest existing house in Melbourne's Caulfield, has been listed for sale.
First time offered in over 37 years, Halstead House was constructed in the mid 1850s with additions during the 19th century.
It was built for and owned by stock agent James Dickson.
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Halstead House's most striking feature is its three storey tower with Mansard roof and cast-iron balustrade.
The three storey tower has two retreats on each level.
The five bedroom home features a reception hall, a grand sitting room and formal dining room, both with open fires, and a den.
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In the 2,760 sqm established gardens is a pond wrapped in the circular driveway, a heated swimming pool, tennis court and barbecue pavilion.
The former stables have been converted in to a two level self-contained accomodation.
It has a $11 million to $12 million guide.
 
 
 
 
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Halstead House, one of Caulfield's oldest homes, listed for sale

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Caulfield’s Southern Indoor Bowls Club has been listed for sale with price expectations of around $9 million.
The bowls club at 350 Hawthorn Road was established over five decades ago back in 1968.
In recent years however given the improvement in technology and better management of outdoor bowls surfaces, the once popular-sporting venue has become redundant.
The three-level building has 10 full-sized rinks and a mezzanine bar and lounge.
Savills Australia’s Clinton Baxter, Nick Peden and Glenn Ye have been appointed to market the expansive 2,295 square metre property.
Baxter said its size and development potential will drive the sale of the building which will be sold with vacant possession, except for a rooftop telecommunications lease.
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“The property occupies a huge site with a 45-metre frontage to Hawthorn Road, has rear laneway access and is zoned for Commercial 1, providing excellent future development versatility,” Baxter said.
“It represents an outstanding opportunity to develop, owner-occupy or value-add for a wide range of possible uses.”
About two thirds of the land is occupied by a large three-level building comprising two indoor bowling rinks, but Baxter said indoor bowling facilities were being replaced with more versatile outdoor lawns.
“The combination of a dryer climate, far better drainage systems and the use of synthetic grass means that bowlers can now typically play year round on outdoor bowling greens,” he said.
“With membership dwindling, the Southern Indoor Bowls Club has elected to sell up and distribute the significant funds to local lawn bowling clubs.”
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Caulfield’s Southern Indoor Bowls Club listed

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A thee bedroom Caulfield townhouse has been successfully sold under the mortgagee auction hammer for $850,000.
The 2010 built home went to auction with $900,000 hopes.
Claudio Perruzza and Lindsey Harris of Biggin Scott St Kilda held the listing.
Situated at <a href="https://www.domain.com.au/19-293-hawthorn-road-caulfield-vic-3162-2014882304" target="_blank">19/293 Hawthorn Road</a> the three bedroom two bathroom home was sold at a February 19 Auction.
The home was listed as a rental for $700/pw as recently as December 2018.
It was listed previously as a $650/pw rental in February 2015.
Last sold in 2009 the previous building site transacted for $760,000.
<a href="https://www.propertyobserver.com.au/subscribe" target="_blank"><img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/1/Subscriber%20strip%20ad.jpg" alt=""></a>
The median price for a home in <a href="https://www.urban.com.au/expert-insights/finance/10776-caulfield-vic" target="_blank">Caulfield</a> is $1.6 million according to CoreLogic, which calculate its annual change in median price over the past 10 years as 3.9%.
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Caulfield mortgagee with $900,000 hopes sells for $850,000

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An investor has snapped up a versatile Caulfield shop and dwelling with a short-term lease to a fish and chip shop prior to auction.
Fitzroys agents Jordan Ceppi and Chris Kombi, in conjunction with Tsimos Commercial’s John Black, sold 827 Glen Huntly Road for $975,000, on a 4.9% yield and land rate of $5,477 per square metre.
Zoned Commercial 1, the 170 square metre double-storey building is on a 178 square metre site and has excellent rear access via right of way.
Ceppi said the property attracted interest from a broad range of investors and owner occupiers looking to gain a presence in the boutique shopping strip, positioned near the intersection of Hawthorn Road.
“The property offered strong value add prospects, with potential to upgrade and re-lease,” he said.
Kombi said the increasing number of medium and high-density apartment developments along Glen Huntly Road and through Caulfield had served to reinforce the area’s strong catchment, as well as the property’s positioning among retailers such as Foodworks, Brumby’s Baker, 7-Eleven and Priceline Pharmacy.
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Investor snaps up Caulfield fish and chip shop pre-auction

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Castran Gilbert marketing has focused on the downsizer for BRIQ, their latest Caulfield off the plan offering.
The Hawthorn Road apartment block, featuring an exterior of brick work and classic curves, comprises 13 three bedroom residences.
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Each three bedroom apartment has two bathrooms and private outdoor entertaining areas.
They're accessed through a double height foyer and up a sculptural staircase.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/4/26/CAULIFIELD%203.jpg" alt="">
Architectural firm Tecture designed the development, which will sit in landscaped gardens from Jack Merlo.
Castran Gilbert agent David Howard is handling the sales campaign, with price starting from $1,119,000.
The apartments come with two car spaces in the basement.
For more information, <a href="https://www.projectfriday.com.au/briq/" target="_blank">click here</a> for the project by the boutique property developer Project Friday.  
We are offering a free ebook on <a href="https://www.propertyobserver.com.au/component/content/article?id=82173" target="_blank">property investment insights for Melbourne here.</a>
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