Cashflow Positive New Build with Two Incomes
33B Homestead Place, Welcome Bay, Tauranga - PBN
Attract great tenants with this newly completed dual-income property in popular Welcome Bay and enjoy strong cashflow to boot.
With a district population projected to grow 40% between 2013 - 2033 (source: Tauranga City Council), Tauranga has a lot of people to house. Established suburbs are becoming "inner" suburbs and Welcome Bay is no exception with rental demand - and rents - on a steady upward path, as more and more people relocate to the Bay of Plenty.
This property is a newly built 4 bedroom / 2 bathroom home with an attached self-contained 1 bedroom studio unit in the heart of Welcome Bay. A large open plan kitchen & living area flows easily through to the rest of the home. The studio comprises a good sized living space, kitchenette and bathroom. All of the benefits of a new home are there: full insulation, double glazed windows, modern construction and new fittings.
Dual-income properties are a great investment for those who want a higher yield than a single-tenancy home and to smooth out their cashflow between tenancies.
There are two other aspects to buying new that most investors miss because they impact the bottom line and not your "gross yield":
- Your maintenance costs are near zero at first and low for many years.
- Chattels depreciation gives you a really nice net cashflow bump.
The property looks directly onto Welcome Bay School, which is across the road, and offers "glimpses" of the sea. A great view to wake up to. On the other side of the property at the top of the driveway is a park with tons of space for kids to run around.
This property offers the chance of both Capital Gains and Yield in the fast paced market of Tauranga.
Welcome Bay is close to all the amenities of downtown Tauranga and the beach at Mt Maunganui/Papamoa, especially with a new roading system currently being built.
In Welcome Bay itself there is a Doctors, Vet, several Primary Schools, a Shopping Centre, Service Station and the property is within an easy walk of nearby parks and reserves.
The bus stop is also within easy walking distance and the property is an easy commute to Toi-Ohomai Bay of Plenty Polytechnic.
Licensed Salesperson - REAA 2008
021 552 191