Range development perfect for those wanting to downsize

ROCKHAMPTON’S historic Boldeman soap factory may be gone, but the new development going up in its place will ensure it won’t be forgotten.

Developer John Kele and real estate agent Leanne Fenech outside the Savon Villas site on Upper Dawson Road. . Picture: Chris Ison

ROCKHAMPTON'S historic Boldeman soap factory may be gone, but the new development going up in its place will ensure it won't be forgotten.

The Savon Villas will be built on the old site at 188 Upper Dawson Road, with 12 two and three-bedroom units for sale from $349,000.

Savon is French for soap, so Pat O'Driscoll's Leanne Fenech said Savon Villas was a fitting name.

"A lot of people have been living on The Range forever, and they want to downsize but want to stay on the south side," Ms Fenech said.

"We've designed a product the market wants and needs."

Kele Property Group is the developer, and director John Kele said the project would increase the area's value.

"It's going to be a great development," he said. "The factory was very old, and it had deteriorated to a point it had to be knocked down."

One unit had already had an expression of interest.

It is hoped construction will start in January and should be finished by mid-2014.

THE RANGE:

• The Range is about three square kilometres. It has two parks.
• In 2006, the population of The Range was 5628 people. By 2011 the population was 5358, showing a population decline of 4% in the area.
• Households in The Range are primarily couples with children and are likely to be repaying between $1800 to $2400 a month on mortgage repayments.
• In general, people in The Range work in a professional occupation.
• In 2006, 67.7% of the homes in The Range were owner-occupied compared with 66.6% in 2011.
• Currently the median sales price of houses in the area is 294,597.

SALE PRICES:

Recent Median Unit Sale Prices
The Range	Rockhampton City
Period	MedianPrice	Median Price
August 2013	$200,000	$237,500
July 2013	$200,000	$237,500
June 2013	$200,000	$307,000
May 2013	$200,000	$206,000

Originally published as Range development perfect for those wanting to downsize