Landmark in Urban Living
The site of the old Earlwood police station is set to become a boutique block of apartments before the end of the year.
Gateway Apartments at 60 Earlwood Ave, Earlwood, will feature 13 two-bedroom apartments, including two penthouses, over four levels.
Project manager Alex Vrisakis from Raine & Horne Projects said the key feature of the apartment was its architectural and interior design.
“The developer, JDC Group, has gone into the cost of engaging a designer (Siren Design Group) whose chosen produce is reflective of the quality of the build,” he said. “This will probably be the landmark development of Earlwood.”
Construction of the Gateway is due to be completed in October.
Each apartment will offer open living areas that lead to private courtyards and balconies. The bathrooms will be designed with earthy tones in the floor tiling and modern white-tiled walls.
“The inner-west market is really on fire,” Mr Vrisakis said. “Buyers want to get their foot in the marketplace because if they leave it for much longer they won’t be able to get in.”
Prices range between $650,0000 and $835,000 for a two-bedroom apartment.
Response to the Gateway Apartments has been strong with more than 280 buyers, including investors, downsizers and first-time property seekers registering interest.
Long overshadowed by neighbouring suburbs Marrickville and Dulwich Hill, Earlwood is an up and coming hot spot for buyers looking for affordable housing.
Earlwood lies west of the Cooks River, below Canterbury, and although predominantly residential, it has a commercial precinct on Homer St.
Alex Vrisakis, projects manager at Raine&Horne, said Earlwood was one of his favourite suburbs as it was still largely undiscovered by buyers.
”Earlwood is very much a proposition for anyone trying to source an affordable location in the inner west with potential to make some money out of it,” he said. “It still has a recognition that it’s part of the innerwest corridor.”
The suburb is just 12km from the CBD.
“Earlwood has got all the major infrastructure and services and because of its size, it won’t take a lot for the area to be gentrified into a suburb with a more metropolitan vibe rather than its current status of urban fringe suburb,” Mr Vrisakis said.