3 August 2021

Downsize to extraordinary low-density living in Red Hill

| Karyn Starmer
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The Parks at Red Hill will be a highly sought after address.

The Parks Residences at Red Hill will be a highly sought after address. Image: Supplied.

A premium new development located in one of Canberra’s most sought-after neighbourhoods is attracting significant buyer interest for its low-density lifestyle, particularly from Canberra’s often overlooked downsizers.

The Parks Red Hill is a village-like precinct set on an expansive 5.2 ha parcel of land and, in keeping with the residential nature of Red Hill, the development will have only 83 terraces and 136 apartments set among generously sized public gardens making one of the lowest density, high-quality developments in the city.

Colliers International Land Marketing Director Residential Josh Reid says this is a unique opportunity to purchase a quality home in a sought-after address.

“The Parks is located in the heart of Red Hill and surrounded by everything a resident could want with cafes, shops and parks all within walking distance and then you have the restaurants and retail shops in Manuka and Kingston close by as well. With its unique location and low density, The Parks Red Hill offers an inner-city lifestyle but without the bright lights and cars of other higher density inner-city developments,” Josh said.

The Residences are low density, with large floorplans and surrounded by parkland.

The Parks Residences offer a sanctuary of low-density living with large floorplans, surrounded by parkland. Photo: Supplied.

Respected Canberra developer Doma Group and national property company Stockland have partnered to revitalise one of Canberra’s most prestigious neighbourhoods. The Parks Red Hill Residences and Terraces are set around a central landscaped park, with shade trees and green lawns, creating an environmentally sensitive landscape to enjoy year-round.

“The central park is larger than Green Square in Kingston, this is a really spacious village-style development,” Josh said.

The Parks Residences offer a unique opportunity for buyers who may have previously thought the suburb was beyond their price point.

“Many people currently living in family homes looking to downsize and move in towards the city may think they will be priced out of Red Hill, but when people have come to look at The Residences, not only have they have been impressed with the development, they have also been surprised to learn the apartments are set at an achievable a price,” Josh explained.

The Parks Red Hill central park is larger than Kingston’s Green Square. Photo: Supplied.

“Buyers have loved the large spaces in all the apartments and the upper floors will have amazing views,” Josh said.

“The Parks Residences are only four storeys high, and with just six buildings, this is truly low-density, luxury living, designed for live-in owners, downsizers and those who would like to buy a low maintenance home in one of Canberra’s most prestigious suburbs.”

The Parks Red Hill is on the site formerly known as the Red Hill Housing Precinct, opposite the Red Hill shops. Bordered by La Perouse Street, Discovery Street and Monaro Crescent, wide, tree-lined streets will meet open space, bike paths and parks, all within walking distance of local shops and services.

“As the services on the site are being constructed and the layout revealed, people are now getting a real feel for what the finished development will look like. It is definitely going to add to the liveability of this luxury suburb,” Josh said.

The Parks Residences are selling well and the range of homes, from one-bedroom, one-bathroom apartments to three-bedroom, two-bathroom homes to suit downsizers, can be viewed at the display unit on-site.

“Come along and see this exceptional development. Our display unit is interactive and you can see the high-quality finishes and fittings in the kitchens and bathrooms for your self.”

The Parks Residences display suite is located at 165 Discovery St, Red Hill and is open Monday to Friday from 11:00 am to 3:00 pm, and from 10:00 am to 4:00 pm on Saturdays and Sundays.

For further information or to book a viewing at the display suite, call 1800 495 034, or contact Josh Reid from Colliers International on 0432 423 699 or Leon Buchanan on 6257 3240. You can view The Parks Residences online, and see all the latest hot listings on Zango.

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russianafroman6:11 pm 30 Sep 20

Very nice as expected

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