BUYERS keen to snap up affordable apartments are turning to a western Sydney enclave that offers lakeside living and vast bushland views.
In the past few years the suburb — which has two lakes, a handful of playgrounds, a central oval and a border with Wianamatta Regional Park — has become full of stand-alone family and terrace homes.
However, more units have been popping up near the area’s shopping centre and lake.
Geneva is the latest residential project. It is being marketed as a top end yet affordable “lifestyle” product with a lakeside location.
The first stage of the development, Barton, was released last year and sold out in just over a month.
Apartments are now available in Ariana — a five-storey building with 43 apartments and a common rooftop featuring barbecue areas.
This next stage of the project is giving buyers a choice of one- to three-bedroom units, ranging in size from 58sqm of internal space right up to about 100sqm.
Geneva is being developed by Coplex, a construction company with a presence in Botany and Parramatta.
Sales director Paul Woodbury said the complex was drawing in a mix of home seekers from near and far.
“We are getting buyers from the broader Western Sydney suburbs like Blacktown and some downsizers from as far as the lower (Blue) Mountains, as well as many young, first home buyers who have grown up in the area,” Mr Woodbury said, adding investors were also showing interest.
The building also comes with 66 basement parking spaces and each three-bedder in the complex will be allocated two car spots.
Units will include reconstituted stone benchtops and splashbacks, LED lighting, video and audio intercom, and split-system airconditioning to the living areas and bedrooms.
“Our units are quite generous in size with large balconies, and they either overlook the lake or the national park,” Mr Woodbury said.
“We also have a rooftop terrace with common amenities including a barbecue pergola.”
Construction will start in May and is expected to be finished by late 2019.
One-bedders are priced from $427,000, two-bedders start at $527,000, some of the two-bedroom units have a study and cost $532,000, and three-bedders start at $632,000.
Geneva is close to Penrith’s shops, train station, eateries, gyms, local hospital and childcare centres.
“We are investing a lot in the area because we see the potential there,” Mr Woodbury said.
According to CoreLogic, Jordan Springs units have a median price of $530,000. The median price of houses is $749,000.