Affordable newbuild investment in growth location

Description

Resource consent has recently been approved for (4 x) 2 bedroom, 1 bathroom townhouses. This development consists of 2 duplex (4 townhouses in total). 2 of these townhouses have their own driveways and the other two are accessible by a Right of Way. The estimated completion date is the end of 2023.

This development consists of 4 freehold titles. No body corporate or residents association applies.

  • Price $500,000 each (or $490,000 each if you are buying an entire duplex)
  • Healthy homes compliant
  • Fully fenced, low maintenance
  • 65m2 floor area
  • Rental appraisal $450 per week
  • Open plan kitchen, living, and dining
  • 1 x off-street carpark
  • Quality chattels and fit-out

These properties are a land and build package which means that you’d pay a 10% deposit and then settle the ‘land’ portion once titles are issued. The construction is by way of progress payments.

As you’ll be buying direct from the developer, you may be able to purchase with a lower deposit of 20% dependent on your lending situation.

https://youtu.be/HXruc6ikIYY
PROPERTY DETAILS
  • Estate type: Freehold
  • Rental status:
  • Rental appraisal:$430-450 pw
    $450-470 pw (Written rental appraisal available to potential purchasers)
  • Floor area: 65m2
  • Land area: 150 - 181m2
  • Bedrooms: 2
  • Bathrooms: 1
  • Car parking: 1
  • Rates: $2,200
  • Body corporate fee: NA
AMENITIES

10 minutes drive from the CBD, hospital, airport and shops.

A few minutes from the beach and local cafe.

Zoned for and within 5km of Whanganui Collegiate.

LOCATION
  • $500,000
  • Gross yield: 4.7%
  • Rental appraisal: $430-450 pw $450-470 pw (Written rental appraisal available to potential purchasers)
  • Annual rates: $2,200
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ABOUT THE AGENT
Maree Tassell

Maree Tassell
Licensed Agent - REAA 2008

maree@ifindproperty.co.nz
027 486 6146