Fresh Hope Communities is collaborating with Melbourne-based affordable housing developer Nightingale for a new Build to Rent development in Sydney’s Marrickville.
The development on the site of a disused church will comprise 55 “teilhaus” micro-units of between 20 and 50 square metres each, rented out at 25% under market value, as well as a communal rooftop space for laundry, socialising, gardening, and outdoor dining.
Maria Yanez, development manager at Nightingale, told The Urban Developer that, as the company’s first BTR project, the development will serve as a “testing ground”.
“Our belief is that the rental market in Sydney has to be targeted more than the owner-occupier market, so we’re testing it out to see how the market will respond to these micro units we’re delivering as a build-to-rent model in Marrickville,” she said.
According to Nightingale’s website, the Fresh Hope partnership has allowed the company to access land in the heart of Marrickville.
“(Fresh Hope’s) aim is to repurpose underutilised spaces to benefit the community, and so we’ll be developing the site to address a pressing need in the Marrickville community: affordable long-term rental accommodation,” it said.
Concrete has already been poured on the site, with completion expected next year.
