An artist’s render showing Stage 3.1 at GenFyansford housing estate viewing east towards central Geelong.
The redevelopment of the former Fyansford cement works took another step with land sales starting on the old quarry floor.
Significant civil works, including blasting, was undertaken the remediate and reshape the quarry site in Geelong’s west to allow housing construction in the GenFyansford estate.
Stage 3.1 comprises 65 house blocks varying in size from 350sq m to 720sq m and are priced from $310,000 to $485,000.
RELATED: Public auctions back in regional Victoria
Geelong rental market ‘manic’ as demand soars
Why buyers are chasing these Geelong hot spots
The Fyansford quarry before civil works started for the Gen Fyansford housing estate.
GenFyansford sales agent Brett Thompson said some buyers had waiting for house blocks on the old quarry site to be released since the masterplan was revealed in 2014.
The old quarry wall forms a key plank in the parkland network in the estate, with parks and a network of lakes connecting the rock wall to the Moorabool River.
Most of the blocks in the biggest section of estate were on flat land, Mr Thompson said.
Some sloping lots will look out over the rest of the estate.
“It’s the outlook. There’s a lot of construction work that we’ve done but it’s still got a natural outlook to the quarry wall face, where there is a big lake at the bottom of the rock wall,” he said.
The Fyansford quarry during civil works ahead of land sales in the housing estate.
“We started in late 2014. We’ve had people on the books that long just because of that concept — because in one direction you’ve got the quarry wall and the lake and in the other you’ve got the Moorabool River and parks wrapping around.
“Wherever you are, you’ve got hills wherever you’re looking. That’s the big selling point — the land is quite easy to build on but you’ve got that big natural element.”
Mr Thompson said nine blocks had sold since the stage was launched to the public at the weekend following an earlier VIP release.
Civil and housing construction under way at the Gen Fyansford housing estate at Geelong.
The stage offers more affordable land compared to the Pinnacle release in Newtown, where blocks sold as high as $858,000 earlier this year.
“We’ve had slow releases because it’s such a unique development and the construction time is so long.
“But we’re going to have a lot of land coming up, something like 400 blocks coming up so as soon as this is all gone, we will release some more land and have some good stock.”
GenFyansford estate is home to more than 400 residents, with the population expected to rise to 950 by 2021.
The overall project is expected to be completed by 2024, with 1200 lots and a commercial town centre.
The post Fyansford: First house blocks from old quarry floor hit the market appeared first on realestate.com.au.