Bella Bellaria
Burlington Terrace
Bella Bellaria is a two-storey townhouse at 398 Albert Street, East Melbourne, in Burlington Terrace, a row built in the 1860s to a design by Charles Webb. The project was a restoration rather than a remodel.
The aim was to recover the formal, ordered feel the house would have had when it was new, using materials and details chosen to last rather than to follow fashion. Inside, the rooms take their cue from classical architecture, with careful proportions, restrained decoration and quality craftsmanship. The finish is understated, so the character of the building does most of the work.
East Melbourne is one of the city's most established residential precincts, close to the CBD and surrounded by parks and period architecture. Homes with genuine heritage credentials are in short supply there, which is why a faithful restoration appeals to buyers at the premium end.
Kelkap is currently progressing a new boutique residential redevelopment opportunity in East Melbourne — one of Melbourne’s most prestigious and supply-constrained inner-city locations. The project follows the same proven investment approach utilised across prior Windsor and Albert Park developments.
Address
398 Albert Street, East Melbourne
Project Type
Premium residential redevelopment
Investment Time Frame
12 Months
Acquisition Price
$2.7m
Exit Strategy
Sale Upon Completion
Investment Strategy
Acquisition of a premium inner-Melbourne residential asset, Design-led renovation or redevelopment, Controlled construction timeframe, Defined exit via private resale.
