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 RM1,400 to RM1,800 (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 3.71%, compared to 3.84% a year ago in Q1 2018. The highest rental yield ever recorded was 5.83% in Q3 2016; while the lowest one was 3.51% 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
12-Mar-19Condominium1,100 sfRM440,000
12-Mar-19Studio650 sfRM350,000
11-Mar-19Condominium900 sfRM460,000
05-Mar-19Condominium1,300 sfRM600,000
05-Mar-19Condominium650 sfRM350,000
03-Mar-19Studio650 sfRM355,000
03-Mar-19Condominium1,100 sfRM430,000
01-Mar-19Condominium1,300 sfRM560,000
01-Mar-19Condominium1,300 sfRM550,000
17-Feb-19Condominium1,100 sfRM418,000

Latest Wellesley Residences for rent listings:

DateTypeBuilt-upRental
TodayCondominium900 sfRM1,000
YesterdayCondominium650 sfRM1,300
17-Mar-19Condominium600 sfRM1,300
08-Mar-19Condominium650 sfRM1,500
06-Mar-19Condominium900 sfRM1,000
24-Feb-19Condominium900 sfRM1,000
24-Feb-19Studio650 sfRM1,400
12-Feb-19Condominium900 sfRM1,000
12-Feb-19Condominium1,300 sfRM2,200
22-Jan-19Studio650 sfRM1,500