Posts

Verve Erskineville – a quality development in a strategic location

IMG_0106

Verve Apartments, Erskineville, Sydney

The newly completed Verve Erskineville apartments have proven to be popular among Sydney’s hip and eclectic city dwellers. Only 4 apartments remain unsold in this 106-unit development by AV Jennings.

Why I like this development:

  • Located within a 5-minute walk to St Peters train station, this development is 3 direct stops or 10-minute train ride to Central station in the city and 6 direct stops to iconic Sydney harbour attractions at Circular Quay, Sydney Opera House and the Botanic Gardens.
  • Some apartments have large storage facilities and double side-by-side car space which means you will never have to scour around for scarce public / visitor parking in this popular inner city location for your second car.
  • Sydney Park’s outdoor activities – walking, running, biking, family picnics, is 5 minutes away. Sydney Park is also a leash-free park for dog lovers.
  • 10-minute drive to Sydney CBD, Chinatown, Broadway Shopping Centre, Sydney Fish Markets and Sydney airport.
  • Erskineville and Newtown’s cafes, pubs, restaurants precinct located within a 10 minute stroll.
  • For investors, rental return for most 2 bedroom apartments range between $575 – $675 per week or between 5.3% – 5.7% return on investment.

Related posts:

View Verve Apartments Erskineville @ wealthruproperty.com

Vital statistics

Erskineville Median price $ Weekly advertised median rent $ Gross yield $ 3-year growth % 5-year growth % Average annual growth %
Apartment 469,000 495 5.49 19.5 11.67 6.8
House 630,000 550 4.54 14.03 11.50 7.49

Source: RP Data & Your Investment Property, March 2010

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

How it’s calculated:

Median price: Median price for the 12 months to November 2009

Average annual growth: Average percentage change over the past 10 years as a per annum figure

3 and 5-year growth: Median price percentage change over the past 3 and 5 years to November 2009

Weekly median advertised rent: Median price of rental listings for the 12 months to November 2009

Gross yield: Estimated rental return, based on advertised rent to median price

Another brand new Erskineville apartment for rent

IMG_0052

With the imminent completion of the Verve’s luxury apartments in Erskineville by renown property developer AV Jennings, the first of its 106 apartment is now available for rent in Sydney’s hip and eclectic inner west.

This brand new, top floor apartment boast a 30sqm sun-drenched balcony over-looking serene internal gardens, swimming pool and tennis court. Filled with day long natural light, this north-west facing unit boasts a large 90sqm internal space with open plan kitchen and dining which walks out to the balcony made for entertaining, summer BBQs, sunbathing or to simply to read your favourite book.

Why I would rent this apartment:

  • Brand new and top floor apartment with spanking new Smeg / Omega gas kitchen and other high-quality finishes.
  • The sun-drenched 30sqm balcony is built for entertaining family and friends and adds a fresh dimension to the already large 90sqm internal open-living plan.
  • Located within a 5-minute walk to St Peters train station, you are merely 3 direct stops or 10-minute train ride from Central station and 6 direct stops from Circular Quay, Sydney Opera House and the Botanic Gardens.
  • A double side-by-side car space means you will never have to hunt for scarce public / visitor parking in this popular inner city location for your second car.
  • Sydney Park’s outdoor activities – walking, running, biking, family picnics, is 5 minutes away. Sydney Park is also a leash-free park for dog lovers.
  • 10-minute drive to Sydney CBD, Chinatown, Broadway Shopping Centre, Sydney Fish Markets and Sydney airport.
  • Erskineville and Newtown’s cafes, pubs, restaurants precinct located within a 10 minute stroll.

Other key features include:

  • Master bedroom walks out to sunny north-west balcony
  • Built in wardrobes in both rooms
  • Reverse cycle air-conditioning
  • Large 8sqm basement storage facility
  • Study nook with ducting for internet connection
  • Cable TV connection points in living and master bedroom
  • Internal laundry and dryer facility
  • Convenient garbage chute disposal
  • Security video intercom

This apartment is available from early December and is managed by Johanna Cheong from Infinity Property Agents at 0430 597888.

Related articles:

Verve Apartments in Erskineville almost completed

IMG_0047

I visited the Verve apartments in Erskineville yesterday and inspected several apartments within the development. This development by AV Jennings appears to be well ahead of schedule whereby the initial target completion date of 20 December 2009 has now been revised to 4 December 2009. Many units are now open for inspection by purchasers who have bought into this development. Based on my inspection of several units, it appears the finishings are of good quality. Ceasar stone benchtops are used for the kitchen and are complemented by Smeg / Omega kitchen appliances. Bathroom fittings, toilets, basins and tapware are of good quality and design. Floor plans are generally well designed with ample living space, good size bedrooms and open plan kitchens. Balconies facing with the west aspect overlooks the serene internal gardens, tennis court and swimming pool of the neighbouring Zenix development. This development is approximately 350m to St Peters train station and also within walking distance to the cafes and restaurants along King street in Newtown. Other amenities include Sydney Park across the road to the south of the development and a short stroll to the Erskineville cafes and restaurants. Sydney University campus is also a short drive from this suburb which is approximately 4km south of Sydney CBD.

See a comparison of Verve vs Motto apartments in Erskineville.

Related Posts Plugin for WordPress, Blogger...