Apartments – Whiteside St, Cloverdale
Project Overview
Sama Perth Investments purchased their 790sqm site in an area of Cloverdale that had been re-zoned a few years ago. With their plans for seven apartments already drawn up and the existing single-storey property demolished, the first-time developer was looking for an experienced builder that could not only look after the construction of a Class 2 development, but that was also competitive on pricing.
Overcoming Challenges
The seven apartments are modern, simple and elegant. There are 3 one-bedroom, one-bathroom apartments and 4 two-bedroom and two-bathroom apartments. The development is two-storey, but each apartment is on one level, with a contemporary kitchen and living space, and a courtyard or balcony. Working closely with the Dale Alcock team to value engineer the project specification, the client was able to save money in the right places while spending in the right places. While the security gate was an expense, for example, it was agreed that it would boost the ultimate sale price.
To tighten costs and help offset the expense of the gate, the Dale Alcock team suggested sticking with cost-effective face-brick on the service side of the buildings and rendering the other elevations. The result was high-impact street appeal without unnecessary expenditure. With low maintenance in mind, the client opted for a textured exterior finish that is hard wearing and waterproof. It is considered a superior product to a sand finish painted render as the colour is in the texture, rather than simply in the paint. Inside the apartments, vinyl planks were used on the floors instead of more expensive tiles or timber floorboards.
Project Outcome
The client achieved a quality build by a trusted name at a competitive price, all value engineered to meet the needs and expectations of their target market. Experienced in Class 2 developments, The Dale Alcock team drew up a tight timeline for the building work, completing all seven apartments in just eight months from slab down. All the apartments were expected to sell for $290,000 for a one-bedroom and $390,000 for a two-bedroom which would deliver a healthy 19% profit to the client.