Wellesley Residences, Butterworth
Wellesley Residences is a freehold apartment located in Butterworth, Seberang Perai. There are 401 units available at this project with built-up from 650 sf to 1,300 sf. It was developed by OSK Property Holdings Bhd (fka PJ Development or PJD) with a launch price at around RM300 psf, and was completed in about Jul 2014.
OSK Property Holdings Bhd (fka PJ Development or PJD) is a very big-sized real estate company listed on KLSE, and it has constructed around 54 real estate projects in Malaysia. Other similar projects by the same developer are Eclipse Residence, Endah Regal, Endah Ria, Hartamas Regency 2, Mirage Residence, Ocean View Residences, Solstice, USJ One Condominium, You Residences and You Vista.
This apartment has some amenities nearby, for example schools and universities. The following are some main schools here:
- SK Convent Butterworth
- SK Kuala Perai
- SK Perai
- SK St.Mark Butterworth
- SK Sungai Nyior
- SMK Convent Butterworth
- SMK Convert Butterworth
- SRK Convent
- SRK St Mark
The current market prices for Wellesley Residences are from RM350,000 to RM560,000 (about RM430 psf); while the monthly rentals are from RM1,000 to RM1,700 (about RM2.00 psf). The highest median price psf ever recorded was RM460 psf in Q3 2018; while the lowest one was RM300 psf in Q1 2012.
The current rental yield of Wellesley Residences is around 3.52%, compared to 5.62% a year ago in Q3 2018. The highest rental yield ever recorded was 5.83% in Q3 2016; while the lowest one was 3.52% in Q3 2019. Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size combination at Wellesley Residences is 2-bedroom / 900 sf with a median price of RM430 psf. For price wise, the most expensive one is Studio / 650 sf with a median price of RM540 psf; while the cheapest one is 2-bedroom / 1,100 sf with a median price of RM390 psf.
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