Uniting NSW.ACT’s new six-storey retirement village in the Sydney Inner West suburb has sold out after being released for sale in December 2020 with the Not For Profit intent on building a second village nearby.
The 49 apartments at Uniting Norton Street Leichhardt, are priced from $680,000 for a one-bedroom, $790,000 for a two-bedroom, $900,000 for two bedrooms and a study and $1.09 million for a three-bedroom apartment. According to CoreLogic in January, the median price for a unit in Leichhardt was $945,000.
“Each apartment has been carefully – and beautifully – designed, with high-quality finishes and an open plan layout. We also take care of all the maintenance so residents have more time to do what they love. The landscaped gardens, and lovely communal spaces are a place where residents can gather with family and friends. Amenities also include a spacious clubroom, library and stunning rooftop terrace offering breathtaking panoramic views of the Sydney CBD,” said Simon Furness, Uniting’s Director of Property and Housing.
Weekly fees for Uniting Norton Street Leichhardt are $130-$150 per week. The DMF is calculated at 6% per year for a maximum of five years for a maximum DMF of 30%.
Uniting redeveloped its disused Harold Hawkins Court aged care home to build its Norton Street vertical village and has approval to redevelop its former Annesley House home in nearby Marion Street, Leichhardt, for a six-storey retirement village. A waiting list is in operation.