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Caydon Property Group

Windsor & Co ups the ante in booming Preston

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Windsor & Co ups the ante in booming Preston

Owner-occupiers priced out of thriving Northcote and Thornbury are looking to Preston as the next residential hot-spot in Melbourne’s north, prompting leading developer Caydon to facilitate project management services for this quality new development on bustling High Street. 

Windsor & Co is a six-level, 125 apartment development at 161-195 High Street, Preston, previously home of the famous Windsor Smith shoe company, which recently celebrated its 70th anniversary.

Prices for a one-bedroom Windsor & Co apartment start at $299K, which is 65% more affordable than houses in the area, according to REA Corelogic figures.

Caydon Chief Operations Officer Jarrod Stratton said Windsor & Co is an exciting opportunity for owner-occupiers and investors to buy into a high-quality development close to popular amenities and public transport options, and in a suburb poised for significant capital growth.

“Preston is without doubt the next hot spot on the High Street growth corridor, which is why Caydon is excited to be involved in this brilliant new project. With prices in nearby Northcote and Thornbury beyond the reach of many, Windsor & Co is the perfect option for buyers looking in the area,” Mr Stratton said.

“Over the last decade Thornbury apartment prices have doubled[1] so Windsor & Co is a great way for buyers to access a development of exceptional quality in this prosperous part of Melbourne.”

Windsor & Co. has appealed to owner occupiers and investors alike, attracted by Preston’s capital growth potential. The suburb was one of the top 10 in Victoria for investors according to realestate.com.au.

“Investment yields in Preston have risen by around 35% since 2006 and with a vacancy rate of just 1.7% (compared with 2.1% for Melbourne) investors can confidently buy in the area,” Mr Stratton said.

Mr Stratton said the much higher representation of owner-occupiers to buy into Windsor & Co was as Caydon expected due to the developments high quality fittings and fixtures.

“Today’s buyers are looking for more than stock-standard apartments, so Windsor & Co offers full-sized house-like kitchens with stone top island benches, large open plan internal spaces featuring oak flooring and plenty of natural light,” he said.

“With landscaped shared gardens and BBQ pods, Windsor & Co will be a place owner-occupier’s will be proud to call home. The address has a walk score of 92 meaning shops, café’s, bars, public transport, parks and other amenities are at your doorstep – perfect for a lifestyle of convenience.”

Early works at the site have commenced and Caydon is aiming for project completion in the third quarter of 2018, just in time for Christmas.

Ends…

Media contact: Brian O’Neil on 0411 055 284 or bconeil@prx.com.au

Editor’s note:

Development Fast Facts:

Project:                              Windsor & Co (residential)

Location:                            161-195 High Street, Preston

Apartments:                      125 over 6 levels

Configuration:                  55% one bedroom; 45% two bedroom

Amenities:                         2 entrances, landscaped gardens with BBQ entertaining areas

Pricing:                               From $299K (one bedroom)

Completion:                      Q3, 2018 (anticipated)

Sales Enquiries:                1800 926 326 or www.windsorandco.com.au


[1] According to SQM Research, Thornbury apartment prices increased 103% since 2006

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