Development enjoys high-end property market resurgence

Source: The West Australian

With four apartments remaining, Blackburne’s luxurious North Fremantle development, The Cove, has experienced a resurgence in demand due to the strengthening higher end of the property market.

Blackburne Founder and Managing Director Paul Blackburne said the newly completed 26-apartment development, offering spacious two, three and four-bedroom homes with large living areas, balconies or courtyards, appealed to downsizers.

“With an average sale price of $1.3 million, The Cove’s level of enquiry has been overwhelming,” he said. “The apartments respond to the specific needs of buyers in the western suburbs seeking complete luxury.

“Offering a house-sized lifestyle with the benefits of apartment living, some of The Cove’s apartments include a 4.5m-long island bench, as well as extra-large storage rooms of 8sqm to 11sqm.”

Blackburne Director of Sales and Marketing Brad Kelly said the $33.7 million project included an array of features, including travertine flooring throughout the common areas.

“The Cove is built over five levels and we have used a variety of textures on the lower terrace rooftop, including glass, stone and gardens, to provide residents on the upper levels with a great outlook,” Mr Kelly said.

Located in the prestigious Minim Cove, Mr Kelly said the project was designed to capitalise on the unique and unparalleled views of the Swan River, Fremantle Harbour and the Indian Ocean.

“If we could find another 10 development sites like The Cove with similar spectacular views, we could easily sell them,” he said.

“Having more than 80 per cent of apartments sold before completion, The Cove has proved to be our most successful development to date, which highlights the undersupply of quality apartments in superb locations.”

With a starting price of $1.27 million, the remaining four large three-bedroom apartments include state-of-the-art appliances, low strata levies, large storage space and impeccable views.