Coronation Property sells out Ashbury Terraces phases one and two

29 August 2023

Recognised privately owned property group, Coronation Property is pleased to share the outstanding sales milestone of its inner west development Ashbury Terraces, with the first and second phases now sold out.

Located less than 10 kilometres from Sydney’s CBD in the heritage-conservation suburb of Ashbury, the project has been brought to life by a curated team of Australia’s leading designers and architects from renowned practice SJB, and 360 Degrees Landscape Architecture.

The striking development features two distinct collections – The ‘Terrace Collection,’ and the ‘Apartment Collection.’

The ‘Terrace Collection’ encompasses 59 luxurious three-bedroom terrace homes designed to complement Ashbury’s Victorian and mid-century architectural typologies while sitting in an exclusive resort-like setting.

Meanwhile, the ‘Apartment Collection’ with its inviting laneways and village-like setting, comprises one, two and three bedroom park-side apartments including garden-level units with landscaped yards, through to lofty penthouse – many enjoying views towards Sydney’s CBD, or overlooking the adjoining W H Wagener Oval.

Coronation Property’s Managing Director, Joe Nahas proudly acknowledges this sales achievement.

“The accelerated sales completion on phases one and two demonstrates the success and appetite for a development of this kind and proves there is still strong market confidence for quality development. Downsizers who have capitalised on rising house prices over the last two years now seek quality new homes with open-plan living, increased amenity and outdoor space – the key features offered at Ashbury Terraces.”

“A key component in Coronation Property’s property portfolio, this development underscores our commitment to consistently delivering well designed and expertly constructed residences across Greater Sydney,” continued Mr Nahas.

Ashbury is a much sought after neighbourhood, recognised for its tight-knit community where families thrive, and neighbours forge enduring connections. Coronation Property’s strategy to transform this once industrial site into a desirable residential enclave has been highly effective with the’ Terrace Collection’ achieving sales prices ranging between $1.795 and $2.6 million – including the penthouses selling upwards of $3.2 million. Meanwhile, the popular ‘Apartment Collection’ achieved prices ranging from $695,000 to $2.3 million.

Christine To, Head of Sales at Coronation Property, anticipates that the upcoming, and final, apartment release will provide discerning purchasers with an opportunity to secure their ideal home within this thriving community.

“The thoughtfully considered floor plans and premium amenity at Ashbury Terraces have been tailored to accommodate a variety of tastes and lifestyle preferences, making the residences appealing to both individuals and families seeking a sophisticated and comfortable lifestyle experience,” said Ms To.

Notably, Coronation Property recently acquired 149-163 Milton Street adjacent to Ashbury Terraces, with the 16,450 square metre site forming the final piece of this transformative residential precinct.

Once again partnering with SJB on the design, Coronation Property will introduce another much sought after collection of quality residences to the Ashbury region, with the facades and materiality of the spacious terraces and apartments designed to complement the existing development.

As the organisation prepares for the launch of the last phase of Ashbury Terraces in early 2024, prospective purchasers are encouraged to register their interest to gain priority access to pricing information and project updates.