Comparative analysis of 2 new developments in Erskineville ~ Motto vs Verve
|
Development
|
Motto |
Verve |
| Developer
|
Austcorp | AV Jennings |
| Architect | Allen Jack & Cottier
|
Turner & Associates |
| Location
|
2, Nassau Lane, Erskineville | 2 – 4 Coulson street, Erskineville |
| No. of units
|
90 one bedroom units
56 two bedroom units 11 three bedroom units 200 units |
102 units |
| Facilities
|
Outdoor pool, gym, 1 cafe / retail outlet | None |
| Proximity to train station
|
600m to Erskineville train station, 700m to St Peters train station | 400m to St Peters train station, 800m to Erskineville train station |
| Quality of finishes and inclusions
|
(Please refer to inclusions) | (Please refer to inclusions) |
| Price:
1 bedroom 2 bedroom 3 bedroom terrace / 3 bedroom
|
From $470k From $585k From $925k |
From $465k From $534k From$770k |
| *Average price per sqm $
1 bedroom 2 bedroom
|
$6.0k $5.5k |
$5.5k From $5.2k |
| Estimated completion date |
Completed |
20 December 2009 |
*Based on Asking price of typical unit divided by total internal and external living areas only (does not include car park and storage space).
Verve is closer to the train station although the north aspect of Verve is fronting Coulson street. Traffic noise can be an issue along Coulson street. Units fronting the north west corner of Coulson street will experience noise from the trains.
Motto is located on the corner of Eve street and Nassau Lane. Although slightly further from the train station, there is less traffic noise around its vicinity. The inclusions and finishings for Motto is of higher quality than Verve. Motto offers an outdoor pool and gym whilst there are no facilities for the Verve development. Investors should confirm approximately strata levies for both development.
