This article originally appeared on The Urban Developer.
Five of the seven townhouses in Blossom, a residential development located in Balwyn’s high school zone, achieved over $10 million in sales after being snapped up in the first week of launching.
With prices ranging from $1.59 million to $2.29 million, Blossom’s seven townhouses were designed with the modern family in mind, with homes boasting exclusive features such as home cinemas, wine cellars and expansive backyards.
Chun Group General Manager Michael Hermans said the success of Blossom is evidence that there is still massive demand for property within the Balwyn High School zone and in particular those within walking distance of the school.
“Balwyn is regarded as the educational capital of Melbourne and as such, house price growth has strongly reflected this, averaging an annual growth of over 10%.
“We recognised the importance of delivering a luxurious product to the Balwyn market, as the buyers are sophisticated and expect the highest of quality,” said Michael.
All featuring four bedrooms, Blossom floorplans capitalise on both space and natural light, creating a sense of boundlessness within rooms.
Interiors feature a neutral colour palette and timber flooring, complemented by high quality finishes and fixtures throughout, including Smeg appliances.
Each luxury townhouse also features the rare inclusion of a spacious backyard with designs by leading studio Acre Landscaping Architects.
Taking influence from the sanctuary of Balwyn’s treelined streets, each spacious outdoor area is defined by a canopy of trailing ground covers and climbers, making it the perfect low-maintenance entertaining zone.
Located within close proximity to a selection of cafes and restaurants, Westfield Doncaster and Boroondara Sport and Recreation Centre, residents of Blossom have an endless amount of amenities at their fingertips.