New residential community in Tweed Heads South popular with the locals due to shortage of homesites in the region
Fraser Cove, a boutique riverside land estate in Tweed Heads South is proving popular with the locals after 36 lots have sold since the first release in May this year.
Owned and developed by Urban Edge Projects, the estate features a total of 83 sites ranging in size from 450sqm to 1,283sqm. It is being marketed by Colliers International and McGrath real estate.
Brett Ahern, Director of Residential at Colliers International said there are now only 15 lots available for sale in the current release with prices starting at $255,000 to $290,000 for blocks ranging in size from 450sqm to 552sqm.
“Considering the success and take up of land so far, the developer will be looking to release subsequent stages in the near future. Civil works on the estate commenced onsite in September and we look forward to welcoming first residents mid next year.
“The estate has been popular with local owner occupiers and we have also received some investor interest. Buyers can design and build their dream home on the freehold blocks as they please and not worry about body corporate costs.
“We are able to put prospective purchasers in contact with builders who are familiar with the estate so they can determine what the end cost of their desired home will be.”
According to Mr Ahern the estate which is located on Fraser Drive offers a fantastic lifestyle being only a brief walk to the Terranora Broadwater and minutes to Coolangatta beaches and local restaurants. The estate will also feature two parks for families to enjoy.
“Tweed area has a shortage of vacant blocks to build on, and this is generally the case across the Gold Coast, hence why the estate is selling so well.”
For more information please visit frasercove.com.au
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