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20 Sep 2024

Crows Nest Metro Introduces a New Residential Landmark for Elevated Living

Crows Nest Metro Introduces a New Residential Landmark for Elevated Living

Leading property developer Third.i Group and joint venture partner Phoenix Property Investors have announced the highly anticipated launch of Stage One at Hume Place Metro Station known as ‘Elevate.’ Situated directly above the recently opened Crows Nest Metro Station, this exceptional residential development will offer 130 one, two, and three-bedroom contemporary apartments designed by internationally acclaimed architecture firm Woods Bagot.

Elevate is set to redefine urban living, providing residents with unparalleled connectivity to major commercial and residential precincts throughout Sydney. Residents will enjoy seamless access to the CBD in just seven minutes and Chatswood in four minutes, making it one of the most connected addresses on the lower North Shore of Sydney.

Elevate Hume Place will cater to a variety of purchasers from first-time owners and/or investors to downsizers and right-sizers wanting to be close to the Crows Nest Village and all this has to offer in terms of lifestyle and amenity and importantly benefit from the long-term value that the Metro stations will bring to property owners.

A recent global study of the impacts that Metro stations have on residential property ‘on’ or ‘directly next’ to metro stations show that properties can demand premiums ranging from 20 to 30 percent higher in value than neighboring properties and importantly for investors a metro can help secure 15 to 20 percent premiums in rents compared to similar properties in the area.

Luke Berry, Co-Founder & Director of Third.i, said, “Elevate at Hume Place is set to redefine urban living in this part of Sydney. It’s not only going to offer some of the best apartments ever released, Elevate is also a one-of-a-kind development in terms of the value the Metro will bring long term to its owners.

Third.i has appointed JLL Residential Project Sales as the project marketer and sales partner for Elevate. With an extensive international network and expertise in residential project marketing, JLL’s ability to successfully connect developers with both local and offshore buyers aligns perfectly with Thirdi’s vision for Elevate.

 

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