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Condo prices · D19

Colchester Park

Colchester Grove · D19 · Outside central region · Terrace

The median sale at Colchester Park was $3,800,000 — $2,264 psf of land — across one transaction between Aug 2024 and Aug 2024. 999-year lease from 1956.

Figures here are based on a single sale, so treat it as an anecdote rather than a rate.

Median price
$3,800,000
one sale in the window.
Median per sq ft of land
$2,264 psf
Median unit 1,678 sq ft.
Lease remaining
929 years
999-year lease from 1956

Colchester Park saw zero sales in the past 12 months. A median over that is a record of what happened, not a rate you could expect to transact at.

What it costs per month of lease

A lease is a wasting asset. Spread the median price across the months of lease that are left and the figure is comparable between a dear flat with a long lease and a cheap one with a short one — which is the comparison a price alone cannot make.

Price per month of lease
$341
$3,800,000 over 929 years remaining.
Per sq ft per year
$2.44
What a square foot of this development costs for one year of lease.
Lease expires
2955
7 per cent of the lease already run.

This is the purchase price divided by the lease, and nothing else. It excludes stamp duty, the interest on a mortgage, maintenance and property tax. The calculator adds those.

Year by year

Too few sales in one or both ends of the window to quote a change, so the years are given as they are.

  • 2024one sale$2264
Show the figures
YearMedian pricePer sq ft of landSales
2024$3,800,000$2,264 psf1

Other landed housing in D19

Transactions from the Urban Redevelopment Authority, covering Oct 2021 to Oct 2026. URA publishes a rolling five-year window; months before it are held in this site’s own archive. A caveat is lodged after a sale is agreed, so the most recent weeks are always incomplete.