One of Adelaide’s most exciting up-and-coming suburbs will become the centrepiece of a multi-million-dollar residential development that is set to create more than 200 jobs.
Award-winning South Australian-based developer, Monopoly Property Group (MPG) will officially turn the first sod today, signalling the launch of the $42.4 million Angus Estate in Mansfield Park.
The development will create almost 100 new allotments of prime real-estate in what has been rated as Australia’s most affordable investment suburb for 2016.
“Angus Estate is a premier location for those wanting to live close to the city whilst still enjoying a suburban lifestyle,” said MPG Executive Chairman and Founder Ben Howard.
“Located a mere 9 kilometres north-west of the Adelaide CBD, residents will have the very best amenities at their fingertips, including parks, playgrounds, shopping facilities and public transport.”
Picturesque tree-lined streets and an almost 5,000 m2 landscaped reserve lie at the heart of the community-minded development.
“The site is located on the corner of Henry Street and Dudley Street, right in the centre of Mansfield Park,” said Mr Howard.
“As a proud South Australian developer we are delighted to be helping shape successful communities across the state.
“Blocks are currently priced as low as $182,500 and are available in a variety of dimensions to cater for families of different sizes.”
Mansfield Park has been ranked first by RealEstate.com as the best affordable suburb to invest in within 20 kilometres of an Australian city, with an annual compound growth rate of 6.8 per cent.
The estate is named after MPG’s non-executive chairman – Bob Angus – who has spent a lifetime in the entertainment industry, as a highly successful music, concert and stadium promoter.
The development is due for completion early in 2017.