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 53 real estate projects in Malaysia. Other similar projects by the same developer are Eclipse Residence, Endah Regal, Endah Ria, Mirage Residence, Oakleaf Park, Ocean View Residences, Solstice, USJ One Condominium, You Residences and You Vista.

Property Type
Apartment
Land Tenure
Freehold
Built-up
650 sf - 1,300 sf
Market Price
RM350,000 - RM550,000
Density
401 Units
Completed In
Jul 2014
Launch Price
About RM300 psf

This apartment has some amenities nearby, for example schools and universities. The following are some main schools here:

The current market prices for Wellesley Residences are from RM350,000 to RM550,000 (about RM440 psf); while the monthly rentals are from RM1,200 to RM1,700 (about RM2.08 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 5.0%, compared to 4.51% a year ago in Q2 2018. The highest rental yield ever recorded was 5.83% in Q3 2016; while the lowest one was 3.52% in Q4 2017. 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 RM440 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.

Latest Wellesley Residences for sale listings:

DateTypeBuilt-upPrice
14-May-19Studio650 sfRM310,000
13-May-19Studio650 sfRM390,000
13-May-19Condominium900 sfRM450,000
13-May-19Condominium1,100 sfRM430,000
02-May-19Condominium947 sfRM385,000
02-May-19Condominium1,100 sfRM420,000
26-Apr-19Studio650 sfRM300,000
25-Apr-19Condominium1,100 sfRM430,000
25-Apr-19Condominium1,300 sfRM530,000
07-Apr-19Condominium900 sfRM380,000

Latest Wellesley Residences for rent listings:

DateTypeBuilt-upRental
17-May-19Condominium1,300 sfRM2,200
15-May-19Condominium650 sfRM1,300
15-May-19Condominium900 sfRM950
15-May-19Studio-NA-RM1,200
05-May-19Condominium1,100 sfRM1,500
04-May-19Low-Cost Flat1,100 sfRM1,800
04-May-19Condominium650 sfRM1,150
02-May-19Condominium1,300 sfRM1,500
02-May-19Condominium900 sfRM1,600
26-Apr-19Condominium1,300 sfRM1,200