Following strong interest from home buyers to purchase a fixed price turnkey brand- new home, a collection of newly completed homes – Lochinvar Residences (ten) have been launched in Lochinvar Ridge Estate (650 land lots) located in Lochinvar at the heart of the Hunter Valley.
With rising building costs and rents, house hunters are seeking certainty when buying a new home according to Hannah McInerney, Project Sales Manager at Lochinvar Ridge Estate.
“For the past year potential purchasers have been asking for new completed homes, especially first home buyers. They are looking for a set price and quality build. With interest rates possibly on the rise again, buyers are increasingly seeking assurance with the final price of a new home. A collection of ten completed homes is now available in Lochinvar Ridge Estate,” Hannah said.
“Pricing in the building industry can be unpredictable. We have taken the guess work out by offering ready-to-move in turnkey brand-new home solutions with nothing to spend. Lochinvar Residences are priced from $885,000 for a four-bed home and are ideal for all buyer types from first home buyers through to investors. They offer an alternative to building a new home. A home and land package under $1 million is rare in the New South Wales property market.”
Affordability continues to impact buyers in Sydney with a median house price of $1,627,625, compared to the December 2023 quarter figure of $1,594,582 as highlighted by Domain (April 2024).
Hannah added, “Lochinvar is well positioned in the Hunter Valley and offers easy access to the Central Coast, Newcastle and Sydney. An increasing number of Sydney buyers are looking for a simpler way of life, but still seek access to key amenities such as shopping facilities, schools, hospitals and public transport. Lochinvar is a peaceful township that ticks these boxes.
“Affordability, sweeping Hunter Valley views, large backyards and new future facilities including a town centre, parks and sports fields are drivers enticing buyers to Lochinvar Ridge Estate. Lochinvar is located in the fastest-growing regional area in New South Wales. Now is an ideal time to purchase and capitalise on this growth. Over 80 per cent of the first stages are now sold out in the estate.”
Lochinvar Residences (ten) are priced between $885,000 – $925,000 with a land size approx. 600m2 and four bed premium home sizes ranging from 25 – 29 squares. Seven-star energy rating, 50-year structural warranty, one year defects check, ducted air conditioning, Smeg kitchen appliances and fully landscaped are some of the key features discerning purchasers can expect.
Comprising over 650 land lots with an average size of 800m2, Lochinvar Ridge is close to the New England Highway and Hunter Expressway and around the corner from Lochinvar Town Centre. The estate is within approx. five minutes to Lochinvar Public School, St Jospeh’s College, St Patrick’s College, while Lochinvar Train Station is a short 5-minute commute.
Rutherford industrial precinct is within an eight-minute drive, while Greenhills Shopping Centre and Maitland Private and Public Hospital are a 15-minute drive and the beautiful beaches of Newcastle 50 minutes.
For further information visit www.lochinvarridge.com.au or phone 1300 562 446.
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