A development in Moonee Ponds is serving up a fresh slice of affordable real estate.
With a pizza and pasta bar planned for the ground level, and construction already underway, the Nue project’s affordable prices are helping to win over hungry-eyed prospective buyers, according to Chiodo Corporation boss Paul Chiodo.
The 18-apartment development’s most affordable home, a $455,000 two-bedroom apartment, was among the first to sell.
“(And) our inquiry levels are through the roof,” Mr Chiodo said.
In addition to expecting the building to be finished in January next year, buyers appreciated the evolving precinct at the heart of the suburb.
“If you drive through Moonee Ponds today and compare it to six years ago, it’s packed,” Mr Chiodo said. “It’s like Chapel St (South Yarra).”
Buxton sales agent Rowan Liew said he’d had nibbles from first-home buyers and even young families interested in the project at 23 Norwood Cres, Moonee Ponds. And despite the Italian flavour downstairs, the project was to the taste of Australian buyers and to those with Greek, Chinese and Middle Eastern backgrounds, he said.
The region’s broad range of restaurants and cafes was a key part of its appeal, with kerbside cafes, bars, teppanyaki restaurants and local bakeries all on offer.
Queens Park and trails along the nearby Maribyrnong River are handy to help work off culinary indulgences.
A train station opposite, shops at Moonee Ponds Central, and on Puckle St and Mt Alexander Rd, add appeal.
Designed by MAP Architecture, the development spreads over four levels, with an emphasis on contemporary design, earthy colours and timber highlights.
Interior spaces range from 57sq m to 82sq m. Each apartment comes with oak timber floors in the living areas that give way to charcoal-coloured carpets in the bedrooms.
Floor-to-ceiling windows and doors provide natural light to help chrome tapware shine alongside integrated Bosch appliances in the kitchen. Hexagonal tiles on the bathroom walls also run from the floor to the ceiling.
Balcony and terrace spaces range from 8sq m-13sq m.
A single one-bedroom apartment on the third floor has a $550,000 asking price. Two-bedroom offerings are priced from $480,000-$775,000.