Sitting proudly atop Herne Hill, ICD Property has announced the release of new allotments as part of its thriving Gen Fyansford development.
Arguably the estate’s most sought-after location, the latest Pinnacle offering is home to just 12 premium land lots in Stage 6.2 of the project.
Posing uninterrupted views across the estate and west overlooking the future town centre and rejuvenated quarry, pricing starts at $358,000-$858,000, boasting lots sizes from 420sqm and up to a generous 1,120sqm.
Having broken sales records with its now sold-out first lot release where two allotments sold at auction for more than $857,000 and $900,000 respectively, it is expected this second offering will also be snapped up quickly by buyers eager to call Gen Fyansford home.
Discussing the immense interest in the Pinnacle allotments, Gen Fyansford sales agent Brett Thompson said it was not only the site’s views and location but also the sense of community among the estate that made it such a desirable place to live.
“Given its location on the border of prestigious Newtown, as well as a breezy seven-minute commute to Geelong’s CBD and popular waterfront, this latest release really stands as the final opportunity to secure one of these limited lots.
“This new Pinnacle release of 12 lots is certainly the last opportunity for purchasers to secure their ideal piece of Geelong’s best real estate.
“Adding to the demand, prospective purchasers can see that they would be buying into an already established neighbourhood.
“They speak to family or friends in the area, even just driving through the estate, you can sense the homely, community environment.”
A paradox to the wider real estate market – previous downturn and now the COVID-19 pandemic – Geelong property sales remain stable with Gen Fyansford maintaining a strong enquiry rate given the demand for quality property despite the wavering economy.
Speaking to its strong performance, ICD Property development director Alice Smith said the company remains confident that Stage 6.2 will meet the expectations of the initial Pinnacle release.
“We are certain the latest allotments will be able to break previous Gen Fyansford price records.
“These lots really speak for themselves – the views, location and community – which is something we saw in the last auctions even at a time when the market had just bottomed out.
“This is testament to the premium quality and unique nature of the Pinnacle – it’s not something many other estates in the area can offer from a land perspective.”
Currently home to more than 400 residents, the population of Gen Fyansford is set to increase to 950 residents by the end of 2021, with the overall project expected to be complete in 2024 with a total of 1,200 lots and a commercial town centre.
For more information or to make a sales enquiry, head to genfyansford.com.au.