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Brand new Erskineville 2 bedroom apartment leased at $650 per week

Front of building

The recently completed Motto apartments in Erskineville by Austcorp is now ready for occupation. Most of the 2 bedroom apartments within this development are maisonette style – double storey living with its own internal stairs and the master bedroom usually on a separate level from the living and dining areas for added privacy.

The  Motto apartments are beautifully constructed, with quality kitchen equipment, bathroom finishings and spacious living areas. It is also approximately 5 minutes stroll to the Erskineville train station.

Apartment C420/2 Nassau Lane within this development is a 2 bedroom, 2 bathroom and 1 secure car space unit and has recently been leased at $650 per week through property management company Let’s Rent. This apartment is a maisonette style with internal laundry, ensuite and private balcony.

Please refer to this post for more details of Motto apartments.

Motto vs Verve, Erskineville


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.


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