Benalla Ensign, 19 May 2021
Park Lane Estate, Benalla’s newest lifestyle estate, is further evidence of the strength of the local property market and the attractiveness of regional living. Under construction and with titles due later this year, property developer, JMP Developments, is selling 15 stage-one lots as part of their five-stage development, which upon completion will include 75 residences across 23 ha.
In a location of pure convenience, including five minutes in the car to the centre of town, the estate’s entrance is off Goomalibee Road and joins Faithfull Street. The blocks range in size from 2001 sqm to 3161 sqm and prices start at $225,000. With some sites already on hold, exclusive selling agency, Living Here Benalla, is taking inquiries from across Victoria, including Melbourne.
Mandy Reed said it was no secret a home in the country was an affordable option to the high entry costs of metropolitan markets. Mandy said you got more bang for your buck in the bush and your money went further, which meant you could afford bigger blocks and spacious dwellings.
Large lots, with room to move, Park Lane Estate caters to a range of buyers seeking ultimate privacy, with the lifestyle benefits that big lots provide. With all utilities connected, including NBN, JMP Developments director Andrew Stern said the wide street frontages, tree-lined streets and panoramic views would attract first-homebuyers, families and retirees.
With more than 30 years and a portfolio of successful regional developments already in the Albury Wodonga area and northern Victoria, Andrew said one of the joys of property development was the impact you could have on local communities.
He said it had been a positive experience working with Benalla Rural City and local service providers, who had embraced the project. “Benalla is an expanding regional centre and one of the most vibrant towns in regional Victoria,’’he said.“This is a prized parcel and because you’re connected to all the services you need, while still being allowed to enjoy the relaxation and comfort of country living.
“Benalla provides an abundance of shopping options as well as schools, sporting clubs and sporting facilities and other essential services.”
Andrew said Park Lane Estate’s picturesque location, complete with mature gumtrees and tree-lined streets, including park facilities, meant the estate would feel like home straight away.”