LISTED property developer Payce Consolidated Limited has released an 85-lot boutique residential project in the burgeoning Ripley Valley after partnering with Sekisui House to sell and market the development.
The Entrance Ripley will take shape on a site shared by the City Hope Church at the entrance to the Ripley Valley.
Payce also will develop a convenience based neighbourhood centre - comprising a Caltex service station, a McDonald's outlet with McCafe and other convenience services.
The Entrance Ripley will offer a variety of land lots ranging in size from 375sqm to 857sqm and priced from $178,000 with the buyer's choice of builders.
Sekisui House project sales and marketing agent, Scott Blaney said the affordability of The Entrance Ripley would be its major drawcard.
"It will offer a quality opportunity for buyers who are wanting to build their own home to enter the property market,” he said.
"The Entrance development will be the gateway to Ripley Valley and is positioned in a terrific location with easy access to major arterial roads, retail and commercial, primary and secondary schools, universities, hospitals and medical facilities nearby.”
Mr Blaney said the project offered strong growth potential given the ongoing development and projected future population of the Ripley Valley, which is expected to house approximately 120,000 people.
"The affordability will be a major drawcard for buyers - we are expecting strong uptake from both owner occupiers and investors who recognise the value, return on investment and long term capital growth prospects available within this project.”
The Entrance Ripley will take shape at the northern end of Ripley Road.
City Hope Church is considered the entry statement to the Ripley region and the organisation lays claim to being the first to bring water and power to the area.Sekisui House is currently developing the $500 million Ecco Ripley community and the $40 million first stage of the $1.5 billion Ripley Town Centre, also in the Ripley Valley.