Affordability key in Melbourne development

A 125 apartment development in Melbourne’s north is bringing affordability to the booming area.

Those priced out of trendy suburbs Northcote and Thornbury are moving to Preston, which has lead to the new Caydon development.

Windsor & Co is located at 161-195 High Street, Preston in what was previously the Windsor Smith shoe company building.

Prices for a one-bedroom apartment start at $299,000, 65 per cent below the median for houses in the area according to CoreLogic data.

“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,” said Caydon chief operations officer Jarrod Stratton.

“With landscaped shared gardens and BBQ pods, Windsor & Co will be a place people 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,” Mr Stratton said.

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

Affordability key in Melbourne development
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