BUYERS have snapped up 21 of 22 apartments in the $11.5 million Terrace House Development in Guildford.
Local real estate developer Tim Willing said it showed that even in challenging property markets, well-designed and well-located property will always find a buyer.
The building at 110 Terrace Road, with three storeys plus a loft, has been designed to combine distinctive architecture with spacious floor plans and high quality finishes.
The apartments have mainly attracted owner-occupiers from Guildford and the Perth Hills, including Stoneville couple Ric and Louise Selim and their teenage son.
They purchased a three-bedroom, two-bathroom, two-level loft apartment at Terrace House, complete with two balconies and parking for two cars in August this year.
“We currently live on a half-acre property in Ston-ville and we have been looking at properties in Midland, Woodbridge and Guildford for the past 12 months,” Mr Selim said. “We had been looking to relocate to an apartment or townhouse.
“Louise and I both work full-time and were looking at a lifestyle change. Louise works at a primary school in the Hills and I work fly-in, fly-out.
“Our son will have completed school by the time construction is completed and his access to further study or work was also a consideration.”
Mr Selim said the family were looking forward to taking in the Guildford delights, including the cafes, restaurants and public open spaces in and around the town, and spending more time together in a new building rather than maintaining a larger property.
“No more cleaning gutters, pulling weeds and mowing lawns on weekends,” he said.
“And we look forward to being able to just lock-and-leave and go on holidays.”
While the family said the Hills had been special for their son while growing up, they were keen to embrace a change of lifestyle.
“It ticked virtually all the boxes for what we were looking for in the Guildford area and we liked the design specification of both the apartments and the building,” Mr Selim said.
Mr Willing said Terrace House had been designed by Hillam Architects in collaboration with heritage architect Philip Griffiths.
“It will fit into a gorgeous village setting, surrounded by heritage buildings, lovely cafes and restaurants, shopping, public open space, the river and transport links,” he said.
The development is expected to be completed by July 2018.