Southridge Property Development in Mellieha Homes
The Southridge Property Development in Mellieha epitomizes the essence of luxury living Mellieha through its innovative design and remarkable construction. Nestled just 400 meters from the vibrant town center, this prestigious development showcases exceptional smart apartments that offer not only modern conveniences but also stunning views of the surrounding landscape. The Southridge project, completed in April 2020, features an impressive eight floors, providing ample square footage starting from 348.00 m² at a price of $2185 per square meter1. Developed by GAP, a company with over 20 years of experience in the Maltese property market, Southridge stands out with its comfort-class specifications. The project includes amenities such as a pool, parking, a kids’ playground, and is conveniently located near supermarkets and reception services, truly fit for contemporary living1.
Strategically situated in Mellieha, an area rich in history and natural beauty, Southridge is perfectly positioned to attract both residents and investors. The town, home to approximately 6,500 people, is renowned for its beautiful beaches and a vibrant cultural scene that draws tourists year-round2. Moreover, Southridge benefits from its status as a special designated area, removing the AIP permit requirement for property buyers, thereby making it more accessible for both EU and non-EU citizens looking to invest3.
Key Takeaways
- Southridge offers luxury apartments in a prime location just 400 meters from the town center.
- The development features an impressive eight floors and a variety of amenities.
- It’s developed by GAP, a reputable company with over two decades of experience.
- Mellieha boasts a population of around 6,500 and is known for its stunning beaches.
- Investors benefit from no AIP permit requirements in this special designated area.
Overview of Southridge Property Development in Mellieha
The Southridge property development is an impressive addition to the real estate development Mellieha, attracting attention for its luxurious offerings and strategic location. Nestled in the northern part of Malta, the Mellieha Southridge location provides convenient access to various local amenities. Residents enjoy the proximity to shopping centers, exquisite dining, and recreational spaces, alongside some of the island’s most well-known beaches.
Location and Accessibility
This sought-after location is perfect for those looking to invest in property within Mellieha, as it facilitates an easy commute to other parts of the island. A private service road leads to a three-level underground car park, enhancing both convenience and privacy for residents. The development is particularly appealing for its strategic positioning near vibrant urban areas.
Development Specifications and Features
The Southridge development boasts high-quality apartments ranging from 155sqm to 350sqm, crafted with modern designs and high-caliber finishes. Each unit includes expansive living spaces, three meticulously designed double bedrooms, and en-suite bathrooms. The demand for properties developed by reputable property developers in Mellieha is on the rise, with options for private terraces that offer stunning panoramic views of the surrounding landscape. This development also benefits from Special Designated Area status, allowing foreign investors to purchase these units without needing an AIP permit and rent them out immediately4. For more information, check out the Southridge property development.
| Feature | Description |
|---|---|
| Apartment Sizes | 155sqm to 350sqm |
| Bedrooms | Three double bedrooms with en-suite bathrooms |
| Parking | Three-level underground car park |
| Location | Near shopping centers and famous beaches |
| Investment Status | Special Designated Area for foreign investors |
Luxury Living at Southridge
Discover the essence of luxury living at Southridge, where every aspect of lifestyle and comfort is enhanced. This exceptional property boasts smart apartments that blend contemporary design with state-of-the-art technology, offering a living experience that is both elegant and functional. Residents enjoy remarkable views overlooking the stunning landscape, making each day feel like a retreat.
Smart Apartments with Spectacular Views
The Southridge Mellieha projects are renowned for their scenic vistas, with apartments that provide uninterrupted views that enrich daily life. Each residence is thoughtfully designed to maximize natural light, showcasing spacious open-plan layouts that integrate the kitchen, dining, and living areas beautifully. Features include nine distinct floor plan options across studio, one, two, and three-bedroom apartments, allowing residents to select the space that best suits their lifestyle needs5.
Design and Layout of Residences
The design layout residences at Southridge exemplify modern luxury. They come equipped with upscale features such as wood-style flooring, a black appliance package, and 9ft ceilings, creating a refined atmosphere throughout. The amenities offered not only prioritize style but also ensure convenience, catering to residents who cherish a sophisticated living experience. Southridge promotes a pet-friendly environment with options that allow for up to two pets, adding to the comfort of living here, with pet fees ranging from $25 to $50–$100 monthly6
| Feature | Description |
|---|---|
| Floor Plan Options | Nine distinct options including studios, one, two, and three-bedroom layouts |
| Interior Features | Wood-style flooring, black appliance package, 9ft ceilings |
| Amenities | Modern finishes, pet-friendly options, ample community spaces |
| Pet Policy | Maximum of 2 pets, fees range from $25, with deposits from $500 – $1000 |
| Living Experience | Luxury features combined with satisfactory value, ensuring spacious living |
The residences at Southridge are not just homes; they encapsulate a lifestyle that embraces luxury and convenience in Mellieha.
Investment Opportunities in Mellieha Property Market
The Mellieha property market presents a dynamic landscape for potential investors. Recent trends indicate a significant rise in demand for property, especially in luxury segments. Buyers are increasingly seeking properties in desirable locations, which enhances the attractiveness of Mellieha as a focal point for Mellieha property investment.
Mellieha Property Market Trends
In the first quarter of 2023, property prices in Malta surged by 10.51% compared to the previous year, reflecting the robust growth of the real estate market7. The nationwide property price growth was estimated at approximately 8.7% up to Q2 20238. Rental yields vary, generally falling between 3.5% and 6% annually, which can increase to as high as 15% in strategic areas like St Julian’s and Sliema97. These figures suggest that the market is ripe for lucrative Mellieha property investment opportunities, especially with the increasing population and a steady influx of foreign buyers.
Special Designated Area Status for Investors
Southridge benefits from a Special Designated Area (SDA) status, which allows both local and non-EU investors to purchase multiple properties without restrictions9. This policy is attractive as it facilitates immediate rental capabilities and often qualifies for favorable tax rates when leased9. Furthermore, furnishing a rental property can be achieved at relatively low costs, starting around €15,000 for a complete unit9. The expected growth of the rental market may reach an annual rate of 3.94% over the next four years, driven primarily by tourism and tax incentives7.
Conclusion
In summary, Southridge Property Development in Mellieha epitomizes the ultimate Southridge property advantage, combining luxury, accessibility, and excellent investment potential. With smart apartments designed to provide modern conveniences and breathtaking views, this development sets a new standard for upscale living in Mellieha. As the area continues to grow and thrive, the opportunities within the Mellieha real estate potential are becoming increasingly apparent.
Investors and homeowners alike can appreciate the meticulously crafted residences within Southridge. The unique blend of style and functionality creates not just a living space, but a lifestyle choice that draws attention in the competitive market. This strategic location and innovative designs not only enhance daily living experiences but also promise sustainable growth in property value over time.
Ultimately, Southridge offers not just a home, but a community anchored in excellence—a true reflection of what it means to embrace upscale living. With its ongoing commitment to quality and a forward-thinking approach to property development, Southridge stands out as a remarkable opportunity for those looking to make their mark in the flourishing Mellieha market. For more details on wellness and safety protocols, you can refer to the official handbook highlighting the school’s commitments during the pandemic10.
FAQ
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Source Links
- https://geoln.com/malta/mellieha/southridge
- https://mellieha.com/property-for-sale/
- https://timesofmalta.com/article/foreigners-buying-property-at-mellieha-bypass-development.681235
- https://franksalt.com.mt/developments/
- https://www.livesouthridgeapts.com/
- https://www.liveatsouthridge.com/Neighborhood.aspx
- https://immigrantinvest.com/blog/malta-real-estate-investments-en/
- https://franksalt.com.mt/blogs/market-news/real-estate-in-malta-in-the-next-years/
- https://malta-citizenship.info/citizenship/articles/investing-in-the-malta-residential-real-estate-market.php
- https://casetext.com/case/sec-exch-commn-v-southridge-capital-mgmt-2