Work getting underway at The Lookout
Around a quarter of the house-and-land packages being offered in The Lookout subdivision in Wellington have now sold.
General manager of Bayleys, Grant Henderson, says that the standard of the subdivision is extremely high and with views of city, Wellington Harbour, Somes Island and Petone, The Lookout represents a good opportunity for buyers.
“Located by native bush it’s a great opportunity for people to secure a flat site with good views and sun to build a brand new home, built to the latest specifications, at a starting price of $795,000,” says Grant.
Developed by Jarden Corporation, the subdivision links Domett Street to Glanmire Road in Newlands.
It will offer a total of 48 sites from 380sqm to 1370sqm. Local building company Penny Homes has the design and build contract for the sites.
Grant says that all the homes in The Lookout have been specifically designed by Penny Homes and JT Design Architecture for Wellington wind zones in terms of glazing and cladding.
The design of the homes is contemporary with a mix of gable, mono pitch and low slung hip roof lines to give diversity to the development. Penny Homes has a showhome at The Lookout.
The 204sqm three bedroom home with study nook is clad in vertical cedar and Linea weatherboard.
Grant says that caveats mean homes built around the outside of the development must be single storey to maintain the views.
He says that the mix of one and two level homes will suit different lifestyle needs and budgets. So far homes have sold from $860,000 – $1.5m.
The Lookout is situated just ten minutes from Wellington’s CBD with an easy walk to buses, local schools and the recently refurbished shopping centre.
The subdivision will feature high-speed fibre underground and LED street lighting. Jarden Corporation is investing heavily in planting in the subdivision and has also donated a 36ha conservation block next to the subdivision to Wellington City Council.
It will be used as a public reserve and Grant says council is seeking to protect and encourage native birdlife and will work with local residents to get behind a planting and pest eradication programme.
Penny Homes is a family-owned and operated company founded in the Central North Island in 1998 by John and Kellie Penny.
Today the company has offices in Auckland, Christchurch, Taupo and Wellington.
The company’s services encompass creating unique land and home packages as well as residential design and build, re-development sites, commercial projects and multi-unit developments.