its memorable exterior is characterised by raw precast concrete, a steel roof, feature cladding and a distinctive window formation. spanning seven storeys, it encompasses just 29 boutique apartments, the majority of which are dual level. crowning the building, a landscaped communal rooftop terrace provides a green sanctuary for residents。
PROJECT OVERVIEW
project name: belle & lily
city: sydney
suburb: waterloo
project address: 233-235 botany road, waterloo
property type: oversized terrace style apartments
floor count: 7
number of dwellings: 29 residential units
developer: amara living
expected settlement date: mid 2018
SURROUNDING ENVIRONMENT
belle & lily lies at the heart of sydney’s high-growth city fringe, enjoying close proximity to a host of amenities and attractions, making life and commuting a breeze. here convenience is key. it’s less than a 300m stroll to green square train station, taking you the 4km to the cbd as well as the airport with ease. city buses are mere footsteps from its door.
reserves such as alexandria and sydney park provide plenty of green open space for recreation and exercise. the vibrant urban villages of surry hills, redfern, erskineville and newtown are within a brief drive, as are beaches, shopping centres, restaurants and fox studios. both sydney university and uts are also conveniently close by
PROJECT CHARACTERISTICS
belle & lily’s selection of meticulously planned, generously proportioned one, two and three- bedroom residences suit a diverse range of lifestyle requirements. many offer a two-storey configuration, much like a terrace or maisonette. this provides separation between living and accommodation areas and achieves a sense of space and privacy seldom found in inner city living.
the majority of residences enjoy large expanses of north-facing glazing, enhancing city views while flooding both the living spaces and master bedrooms with natural light. this maximises warmth in winter while strategically placed shading blocks out the hot summer sun.
ali hassan developer accomplished local developer ali hassan has undertaken a number of notable developments around the waterloo and alexandria area, with an upcoming project soon to be completed in maroubra. his recent high-profile development lilybelle on botany road was extremely well received, with the building’s owners delighted with the finished product. ali has carried this high standard of design, construction and finishes through to his new belle & lily development, which is set to become a benchmark for residential property in waterloo.
h built builder established in 2007 and owned by its senior management, h built constructions offers a fully integrated range of residential, commercial and retail construction services. to date the company has successfully undertaken a number of recognisable projects throughout sydney and across all construction sectors. working closely with the developer to bring belle & lily to life, the management team behind h built constructions is focused on continued growth and a commitment to quality, timely delivery and exemplary service.
environa studio architect award-winning environa studio is a multi-disciplinary mid-sized practice headed by principal architect tone wheeler and managing partner jan o’connor. with a design flexibility that allows them to develop dynamic solutions in short time frames, they are recognised as a highly innovative architectural practice with an emphasis on architectural strategy that addresses social, environmental and economic responsibilities. their projects are creative and experimental but always practical and liveable. the governing force of their design philosophy is to achieve unique buildings driven by a complete understanding of their clients’ brief and site.
INVESTMENT ANALYSIS
waterloo unit: median price $839,500, annual capital growth 7.73%, number of sales 349, weekly median advertised rent $650
over the last year, property investments in waterloo, 2017 have given investors a capital gain of 0.72%. this compares badly with the 6.92% for nsw as a whole.
read moreif we look at median property appreciation over just the last three months, waterloo has given property investors a paper return of -1.24%. this puts suburb as 387 on a list of fastest fasting appreciating suburbs in nsw
property investors looking for a bargain in waterloo should be aiming for at least -4.99% off the asking price, which is the average vendor discount being achieved at the moment.
a $650 per week rent on the median house gives suburb investors a gross yield of circa
4.03%, without taking into account capital value appreciation, which has been averaging
out at 7.73%.
