A major not-for-profit retirement living provider is planning a new apartment project in an inner-Sydney suburb, after selling out another project in the same suburb.
Uniting has confirmed its 49 dwelling, six level 'vertical' retirement village project at Norton St, Leichhardt is a sell-out and now welcoming its first residents.
“High-quality independent living apartments in Sydney’s inner west are in high demand,” said Uniting’s Director of Property and Housing Simon Furness.
Uniting has created a village community on Norton Street to cater to the needs of Sydney’s ageing population.
“The site is packed with amenities to meet the changing health needs of residents, located in a community they know and love.
“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.”
All of Uniting Norton St’s buyers were local residents from the surrounding Inner West region, indicating the strong pull for people to age-in-place.
Given the success of Uniting Norton St, Uniting is now planning a second new retirement village at nearby Marion St, with additional facilities including a resident swimming pool.
This project is set to deliver 64 apartments and be completed in 2023, and is located around 250m from Uniting Norton St. Marketing is yet to commence on Uniting Marion St.
The success of the Uniting Norton St project is also further evidence of the move towards apartment-style retirement villages, with the latest Retirement Living Census finding that 41 per cent of new villages in 2020-21 were ‘vertical’ in nature, compared to 33 per cent in 2020.
At the time of sale, Uniting Norton St dwellings were advertised from $680,000 for a one-bedroom apartment, $790,000 for a two-bedroom apartment and $1.090m for a three-bedroom apartment.
Learn about the different downsizing options on offer, and insider tips on making the move, in our just-released Ultimate Guide to Downsizing 2022.
