Buy at Atherstone

Atherstone is all about flexibility. Choose your builder and home design, and take your pick of a wide range of easy-to-build on, level lots. Once you’ve selected the option that’s right for you, Lendlease will prepare a Land Sale Contract. To buy a house and land package, you enter into two contracts. One is with Lendlease to buy the land, the other with the builder to build the house.

Want more options? At Atherstone you can bring your own builder* and just buy land from our sales team. Townhouses are also available for purchase with everything you need for a convenient life.

Before you are issued the Land Sale Contract for your selected lot, you will be required to pay a refundable deposit of $3,000 which will place an exclusive hold on your selected lot for up to 7 days. In this time you are welcome to take a copy of the contract away with you to review with your solicitor or conveyancer. As with any contract, it’s a good idea to seek legal advice prior to signing. At the time of signing the contract you will be required to pay the remaining balance of a non-refundable 10% deposit on the land contract purchase price. It is a good idea to seek loan pre-approval, prior to signing and paying your deposit.

Our recommended builder partners have been carefully selected for their quality reputation, and their willingness to taking you through the details. Once you’ve chosen your home design*, your builder will help you select a floor plan and discuss any upgrades you need that will suit your lot at Atherstone. At this time, your home design will also need to be approved by Lendlease’s development team. Your builder will give you a building contract, and you will need to pay a percentage of the build price as a deposit, which varies from builder to builder. Prior to signing, be sure to take notice of the holding time frame of the build price.

Most of the land in Atherstone will be sold ‘off the plan’ as unregistered land. Lendlease will keep you informed on how the development is progressing. Once your land is ready to build on, we will register your individual lot with the government. Your solicitor or conveyancer will be notified once the land is registered. Settlement of your lot will typically occur within 14 days of registration – this is where the land is transferred into your name after the remaining 90% of the land contract purchase price has been paid and any mortgage documents signed.

Now your block of land is registered and your builder can start work, you will typically start paying progress payments to your builder. Progress payments are made at various stages of construction – from putting down the slab and erecting the frame, to lock-up and interior completion. Your builder will invoice you at the completion of each stage and your lender or broker can help you arrange these payments.

Congratulations! Your new home is now ready – pick up the keys from your builder and move in. Then it’s time to celebrate! Meet your neighbours at a welcome event, join a community group – and start enjoying life at Atherstone.