The Grange

135 Durham street,
Bathurst Premium CBD Living TownHouses

Investment Summary

The Grange precinct

Luxurious Urban Living in the Heart of Historic Bathurst, NSW. Welcome to a world of opportunity in the charming city of Bathurst, New South Wales.


Bathurst, Australia’s oldest inland city, offers a unique blend of history, natural beauty, and modern living. Nestled in this idyllic setting, “Discover Bathurst Townhouses” presents an exclusive opportunity for discerning investors seeking to downsize from larger cities and overseas buyers looking for a rental investment.

Investment Highlights

  • Location, Location, Location: Bathurst is an ever-growing regional hub, just a short drive away from Sydney, offering the perfect blend of urban convenience and a relaxed regional lifestyle.
  • Stable Rental Market: With the presence of Charles Sturt University, prestigious private schooling and strong tourism, Bathurst provides a reliable rental market, making it a strategic choice for investors.
  • Affordable Luxury: Our townhouses offer a luxurious, modern design, complementing the city’s historic charm while being surprisingly affordable compared to metropolitan markets.
  • Strong Community and Amenities: Bathurst boasts excellent educational institutions, healthcare facilities, cultural events, and recreational opportunities that cater to families and urban dwellers alike.
  • Investor-Friendly: We provide all the tools and resources necessary for international investors to navigate the Australian property market with ease.

Project Description

BACKGROUND INFORMATION

Existing site

Located in the heart of Central Bathurst shopping district, the site covers 6 x 700 sqm blocks and is located close to all desired amenities, including public transport, schools and shopping centres. The Grove precinct is ideal for families and young urban professionals looking to live closer to the City Central or their place of work and for short term rentals or for use as a B&B.

DA Submission

The development has successfully received DA approval. This has completed Phase 2 of the Development

Building plans

Details
Phase 1

Finalising architectural designs

Nov 2023

Phase 2

Development application approval

Nov 2023

Phase 3

Pre-sale commences

Dec 2023

Phase 4

Commence construction

Jan 2024

Phase 5

Complete houses 3, 4, & 5

Aug 2024

Phase 6

Complete houses 1, 2, & 3

Oct 2024

Phase 7

Handover premises

Nov 2024

Interior Rendering: Kitchen + Dining

Interior Rendering: Master Bedroom + Walk-in

Interior Rendering: Bathroom

Interior Rendering: Media Room

Interior Rendering: Living Room

House Plan:
Grange 1, Bathurst
House Size 241.8 m2
  • 2 Bedroom
  • 4 Bathroom
  • 2 Living Room
  • 1 Garage
House Plan:
Grange 2, Bathurst
House Size 225.2 m2
  • 2 Bedroom
  • 4 Bathroom
  • 2 Living Room
  • 1 Garage
House Plan:
Grange 3, Bathurst
House Size 234.4 m2
  • 2 Bedroom
  • 4 Bathroom
  • 2 Living Room
  • 1 Garage
House Plan:
Grange 4, Bathurst
House Size 230.2 m2
  • 2 Bedroom
  • 4 Bathroom
  • 2 Living Room
  • 1 Garage
House Plan:
Grange 5, Bathurst
House Size 234.4 m2
  • 2 Bedroom
  • 4 Bathroom
  • 2 Living Room
  • 1 Garage
House Plan:
Grange 6, Bathurst
House Size 246.5 m2
  • 2 Bedroom
  • 4 Bathroom
  • 2 Living Room
  • 1 Garage

Area Map

About Bathurst

Only a two and a half hour drive from the Sydney CBD, the Bathurst Region offers new and established businesses a strong and dynamic economic environment to support prosperity and growth.

Over 3,500 businesses call the Bathurst Region home, taking advantage of a wide range of transport options, easy access to Sydney and Canberra, and all the benefits of an attractive, vibrant lifestyle in an engaging, forward-thinking community.

An attractive mix of low business costs, a diverse workforce, strong digital and physical connectivity, and a supportive business environment has seen an ongoing growth for the city.

The region’s proximity to Sydney, strong business networks make Bathurst the ideal growth centre.

Market Overview

Bathurst has a rental vacancy rate of 0.6% and rents have increased since 2018 because there is a shortage of properties available for rent. In the past 12 months, demand for rental houses has increased by 75%, while rents have soared 10% and rental units have seen an increase in demand of 33%. At the same time rent prices have risen 13%.

Due to the upcoming proposed construction of the six story CBD hospital redevelopment project and the Bathurst Integrated Medical Centre that is expected to begin soon, there will be an influx of workers—both temporary and permanent. This will put additional pressure on current rental housing supply and demand.

The population of the region is forecasted to grow by 26.19% by 2041, making it a prime location for residential and commercial investment.

There is a huge potential for short term renting/Airbnb with major national and internal events including the V8 Supercars Bathurst 1000, the Bathurst international and the Bathurst 6 hour. DUring off peak times the townhouses will rent between $4200-$5200 per week (7 days). During peak race periods it will rent between $16,000-$17,000 per week.
Bathurst property market has an annual capital growth of 5.65%. If you’re thinking about buying an investment property in Bathurst, consider that rental yields for houses are currently 4.5%. Houses have seen 0.77% growth in the past quarter, and 5.65% growth in the past 12 months.
The size of Bathurst is approximately 5.9 square kilometres. It has 17 parks covering nearly 16.7% of total area. The population of Bathurst in 2011 was 6,633 people. By 2016 the population was 6,939 showing a population growth of 4.6% in the area during that time. The predominant age group in Bathurst is 20-29 years.

Sale Schedule

Construction is expected to commence in Jan 2024 and to be completed by Nov 2025. All townhouses are expected to be sold in the pre-sale phase. The project will be broken down into phases with the following tentative deadlines.
Phase 1

Finalising architectural designs

Nov 2023

Phase 2

Pre-sale commences

Dec 2023

Phase 3

Construction Townhouses 4, 5 and 6 commences

Jan 2024

Phase 4

Construction Townhouses 1, 2 and 3 commences

April 2024

Phase 5

Complete Construction Townhouses 4, 5 and 6

Aug 2024

Phase 6

Complete Construction Townhouses 1, 2 and 3

Nov 2024

Financial Investment

Construction is expected to commence in Jan 2024 and to be completed by Nov 2025. All townhouses are expected to be sold in the pre-sale phase. The project will be broken down into phases with the following tentative deadlines.
Stage 2
Town House 1

$1,150,000 AUD

241.8 m2

Town House 2

$1,100,000 AUD

225.2 m2

Town House 3

$1,100,000 AUD

234.4 m2

Stage 1
Town House 4

$1,100,000 AUD

230.2 m2

Town House 5

$1,110,000 AUD

234.4 m2

Town House 6

$1,200,000 AUD

246.5 m2

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