Developer Hamton is adding luxury riverfront homes to the mix of housing currently in the works or built in the inner-Melbourne suburb of Abbotsford, which is becoming something of a development hotspot.
Hamton's Riverfront Terrace Homes at Haven will comprise 15 two-level residences, with nine already sold since the July launch. Two-bedroom homes will start from $820,000, the three-bedroom terraces start from $930,000, and the four-bedroom models start from $1.91 million.
The Hamton project is one of several that were approved before the Victorian government instituted a nine-storey height limit on all new development abutting the Yarra River.
Hamton joint managing director Paul Hameister says the homes, about five kilometres from the CBD, are affordably priced.
“We wanted to design a series of high-end homes where the natural surrounds were the hero, creating an urban yet quintessentially Australian lifestyle in the heart of Melbourne. Riverfront homes in this location sell for well in excess of $6 million, meaning our low-maintenance homes represent outstanding value,” says Hameister.
Many of the homes include a private walkway to the rivefront Yarra Trail.
The Riverfront Terrace Homes at Haven part of stage two of Hamton's three-part Abbotsford development. The first stage was the 201-unit Eden, with all units sold out. The second stage is Haven, with 75% of its 148 units sold since its launch just over a year ago. The three together are set to have 560 apartments.
“With Eden, we were overwhelmed with demand from owner-occupiers currently living in the affluent suburbs across the river from our site," says Hameister.
“They were looking for larger luxury apartments with high-end finishes, allowing them to downsize to a low maintenance lock-up-and-leave lifestyle in essentially the same location as their current home. We have sought to address this demand with Haven.”
Haven's apartment component will include a mix of one-, two-, three- and four-bedroom units. One-bedroom units will range in size from 41 square metres to 72 square metres internally and are priced between $365,000 and $581,000. Two-bedroom units will be between 66 square metres and 134 square metres internally and range in price from between $680,000 and $1.3 million. Three- and four-bedroom units will be between 124 square metres and 235 square metres internally and are priced between $1.38 million and $3.9 million.
Between Haven and Eden will be Acacia Place, a series of landscaped spaces and a public walkway connecting the Yarra to Victoria Street.
“One of the key elements of our master plan for the site is Acacia Place, which allows the public to share this unique piece of river bend and bring activity and vibrancy to the precinct,” Hameister says.