This brand-new project marks an incredibly rare buying opportunity – one that presents uniquely designed freestanding homes in an especially attractive location.
The new Teresa Lane homes in Labrador are a truly golden opportunity on the Gold Coast, with space and positioning rarely seen anywhere Australia wide.
With deluxe design and high-end finishes, these freestanding homes are in a cluster of only 10, and positioned near the water in one of the city’s most in-demand suburbs.
The rarity of a freestanding home so close to a city centre makes Teresa Lane a diamond in the rough.
If you’re looking for your own slice of paradise, here’s why Teresa Lane should be on your radar.
A rare gem in a coveted spot
In most cases, those who want inner-city living have to opt for medium to high-density housing.
However, with Teresa Lane you’re just minutes from the popular Broadwater and is a hop and a skip from the Gold Coast’s city centre in the suburb of Labrador.
Within walking distance you can easily access the Broadwater’s walkways and cycleway with fantastic cafes, shops and dining options and an enclosed swimming lagoon for a quick dip.
Proximity to Broadwater is just one of the many draw-cards of the new Teresa Lane development.
Director and sales agent Brent Dallow from Venture Property says these free-standing and non-strata homes stand out in the local market.
“While townhouses and apartments are offered, it is very rare to find new freestanding homes this close to heart of the Gold Coast,” says Dallow.
“Like most cities, you normally have to go to the outskirts of the city if you want a new freestanding home.”
The luxury’s in the details
Despite setting up in a bustling area known for its medium and high-density dwellings, Hybrid Projects who have developed Teresa Lane, certainly hasn’t skimped on space.
Each home contains four large bedrooms with a walk-in in the master, two bathrooms plus powder room and two living/media rooms.
The spacious kitchens feature a butler’s pantry, high-end appliances and a 40mm stone benchtop withcooking and water heating linked up to the town gas connection.
Open plan living wraps around a pristine kitchen, creating warmth and homeliness.
The team at Hybrid Projects has taken an equally extravagant approach to the project’s aesthetic, with each architecturally designed home as stunning as the next.
“The design brief was to very intentionally create an integrated series of unique homes that reflect the coastal location of Teresa Lane,” says Dallow.
“Each home complements the others in the precinct and all offer a very high degree of exterior and interior finish.”
Inside, timber floors flow across the living, dining and kitchen, while the smaller details – unique feature tiling, indoor/outdoor feature lighting and carefully chosen fixtures – have not been missed either.
His and her sinks are just one of the thoughtful design features at Teresa Lane.
The homes flow seamlessly to their private outdoor spaces, too. You’ll have your own pool surrounded by glass fencing, a covered al fresco area that sits adjacent to the pool, professionally designed landscaping and planting, and double-car garaging.
A booming location
Labrador has seen a boom in interest driven by the revitalisation of the local area and it’s connected location. It’s a short drive from Harbour Town and Chirn Park shopping centres, Gold Coast University and Gold Coast Private Hospitals, Griffith University, the Gold Coast’s CBD in Southport, Runaway Bay Marina and Main Beach.
There’s also easy access to the Gold Coast Highway, which connects to the M1 and gets you to Brisbane in under an hour.
Backing onto an abundance of green space, Teresa Lane is prefect for growing families or those with pets.
This location is also perfect for those who love the outdoors, especially families, with the homes sitting right next to Arthur Downes Park, which has seen generous government spending to create a beautiful open space, a playground and tennis courts.
Plus, Labrador as a whole is a lucrative place for investors; it’s a tightly held waterside suburb that’s experiencing strong growth.
The median price for four-bedroom homes in the suburb has increased by 5.9% in the last 12-months, while the median rental yield has soared by 18.9% in the same period.
Designed for a range of buyers
You’d be forgiven for thinking the homes at Teresa Lane are high-maintenance, given their ample space and designer finishes.
However, they’ve been intentionally built to require very little upkeep. This means they suit a huge range of buyers, from families and young professionals to downsizers and interstate buyers looking for a lifestyle change.
A private pool and alfresco dining add to the sense of tranquility that would suit any type of buyer.
You’d also be forgiven for thinking such premium homes come at a premium cost. But prices start at $1.49 million, offering excellent value for money.
“It is very difficult to acquire a new freestanding house so close to the water at anywhere near this price,” adds Brent.
And, unlike apartments and townhouse complexes, there’s also no body corporate at Teresa Lane – helping buyers avoid the often-high body corporate fees associated with attached dwellings.
Ready to move in?
Teresa Lane is nearing completion, with stage one finished and the rest still under construction.
Two homes are ready for buyers to inspect the calibre of design and functionality on offer.
For such a desirable type of dwelling in such a desirable location (and at such a desirable price), Teresa Lane will no doubt sell out fast.
Images courtesy of Venture Property.
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