More and more people are moving to Bentleigh and with the population growth, there is an increase in demand for premium residences.
More and more people are moving to Bentleigh and with the population growth, there is an increase in demand for premium residences. Now, potential buyers have the opportunity to obtain a home in this tightly-held suburb thanks to new apartment project, Lora Bentleigh.
Located close to the train station, Lora is comprised of single and double storey residences. The building’s façade is a striking addition to the tree-lined streetscape and a central atrium with an evergreen vertical garden connects the 12 luxurious three-bedroom townhouses with the 9 two-bedroom apartments.
Lora’s unique side street access lends the project a house-like quality, perfect for those looking to downsize. Spread over two levels, these homes feature expansive courtyards and gardens with decking and most have secure, private basement access. Similarly, the apartments have been crafted to include generous balconies and northerly aspects.
Residents of Lora Bentleigh will appreciate the carefully considered inclusions such as Caesarstone Clamshell benchtops and high-end Miele dishwashers, ovens and cooktops in the kitchens. Terrazzo floor tiles and matte tile feature walls transform bathrooms and ensuites while bedrooms feature ample storage and floor-to-ceiling windows overlooking the side gardens.
This new project is located in a tranquil, leafy street only 200 metres from the vibrant retail and hospitality precinct along Centre Road. Residents can spend the day browsing boutique outlets or designer labels, and the abundance of cafés will revitalise any weary shoppers.
Stocking the pantry will be easy with the Bentleigh Sunday Markets just up the road and a Coles supermarket only 650 metres away. Alternately, residents can venture to the neighbouring high street strips of Brighton, Hampton, and Highett.
After a busy day, explore the wide array of restaurants all within walking distance of Lora. Merchants Guild, District Brewer and child-friendly café Little Tommy Tucker are brunch hotspots among locals. New addition Sonder or the long-standing Royal Bright Yacht Club’s Olympic Bar and Restaurant are perfect for a low-key evening spent supping on good food and wine.
Bentleigh has created a reputation for itself due to its unique combination of family-friendly authenticity and contemporary vibe. Sitting in the middle of a lifestyle destination for many Melburnians, homeowners aren’t the only buyers looking to acquire property there — investors are interested as well.
The suburb’s median apartment rental price is $451 per week, which is more than the respective metropolitan Melbourne median of $415*. Between 2001 and 2016, the local population grew 19.3% to 16,153 — fuelling the growth and demand for residences here.
Bentleigh also falls in the prized catchment zone for enrolment at the highly-regarded Brighton Secondary College, only 1.7km away from Lora — making the project a prominent attraction for families.
The builder has now been appointed and construction is due to commence in the first half of 2019.
*Stats from REIV
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