Developer offers Melbourne-inspired townhouses without the price tag

first_imgAscot SilverRay White New Farm marketing agent Hamish Bowman said the Melbourne-inspired townhomes were located in the heart of Ascot.“This is your chance to own your piece of land in one of the best suburbs of Brisbane for under $800,000.00, and that is great level buying of a high-end product,” he said.A quick glance at shows only a handful of four-bedroom properties on the market, with a house listed for $1.2 million.New buyer Rob Steer, 28, ended a three-year search when he found Ascot Silver.“Almost everyone I know who is my age has been looking for at least three years and due to unaffordable prices it has made it impossible to get into the market.It wasn’t until I found Ascot Silver that I knew I had found something very rare,” Mr Steer said.“It is a brand new architecturally designed townhouse . . . to find a four-bedroom house in Ascot it would cost you over a million dollars. I am not a fan of apartments for a variety of reasons – so the intermediary is a townhouse.Mr Steer said his partner was drawn to the “modern cool look” of the kitchen and bathroom, and the wooden finishes that made the rooms look spacious and light.He said the location and the ongoing infrastructure upgrades in the area were selling points.“The floorplan provides a number of different spaces. The courtyard gives some space for kids so you could definitely start a family here. In terms of transport it is close to the airport and train station,” he said.Ascot Silver is expected to be completed early next year. Ascot SilverA DEVELOPER couple who started their careers in regional NSW before moving on to luxury developments in Sydney are about to break ground on their latest project in one of Brisbane’s most exclusive and expensive suburbs.But the terrace-like homes do not come with the suburb’s usual high price tag.Ascot Silver is a boutique townhome development by AZARA Projects, with 14 four-bedroom residences to be built by Hutchinson Builders by the end of the year. The 205sq m to 253sq m townhomes will cost between $790,000 and $845,000 each, well below the current median house sales price of $1.5 million.Four townhomes have already sold off-the-plan.Ascot SilverJason Byron and Amy Tang, who moved to Brisbane from Sydney four years ago to raise their family, are the couple behind AZARA Projects, which has two other projects currently in the works in Brisbane – Diamond on Deviney at Morningside and Luxe at Bulimba.Nine other projects have been completed across the city.“Our latest project in Ascot is different, unique and we are not copying anyone else. If anything we are copying Melbourne’s terraces,” Mr Byron said.“To get a four-bedroom home in Ascot you would have to pay (upwards of) $1.4 million, so to get your own townhome with land and outdoors space for $800,000 is incredibly rare.”Mr Byron said the nearby Brisbane Racing Club development was set to transform Ascot, and the Ascot Silver site was just 150m from Doomben.“The school district is sought after with parents of young children and there’s such a short supply of stock in Ascot,” he said.Ms Tang, a designer, said buyers craved outdoor space for entertaining.“Our design is very flexible and intelligent. We promise to deliver a product that will suit a high-end client in a high-growth area,” she said.“For an investor, we want to deliver a beautiful product that is in an area that will always go up.More from newsParks and wildlife the new lust-haves post coronavirus20 hours agoNoosa’s best beachfront penthouse is about to hit the market20 hours ago“Downsizers are used to being in bigger houses too and they don’t want to sacrifice space. So for that reason, we never build anything with only one-car garages. Everything we deliver to market always has two carparks.”last_img read more