Cashflow Positive and Brand New at the same time!

33B Homestead Place, Welcome Bay, Tauranga - $757,655

This is a completed New Build, with a 4 bedroom / 2 bathroom house with an attached studio in Tauranga.


Highlights:

Property Features: New Build / Multi Dwelling Property

  • Price: $757,655
  • Gross Yield: Potential 5.8%
  • Capital Value: $131,000 (Land Value)
  • Rental Status: Vacant
  • Rent Appraisal: $800 - $850 p/w
    Written Appraisal available to potential purchasers
  • Annual Rates: $1,534
  • Estate Type: Freehold
  • Land Area: 578m2

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Additional Information

The main house comprises 4 bedrooms, 2 bathrooms (1 ensuite) and a large open-plan living, dining and kitchen area. The property looks onto Welcome Bay School, and also has sea peeps. A great view to wake up to. Everything is new and modern and you have years of low or no maintenance to look forward to.

The studio comprises a living space, kitchenette and bathroom.

Rental demand in Tauranga is very high at present, which is well documented and tenants are lining up for property.

The property is on Homestead Place surrounded with a range of very nice new houses, a mixture of new and existing properties in a good neighbourhood.

The Tauranga district's population is projected to grow roughly 40% between 2013 and 2033.

Tauranga is currently experiencing a rental shortage as demand outstrips supply with Tauranga widely tipped to continue to grow rapidly.

This property offers the chance of both Capital Gains and Yield in the fast paced market of Tauranga.

Amenities

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.

https://youtu.be/tqta8mh2t5o

QV Property Report 33B Homestead Place Welcome Bay Tauranga 3112.pdf

Janet Dixon
Licensed Salesperson - REAA 2008

janet@ifindproperty.co.nz
021 552 191

Contact us about this property

Agent Contact Details

Janet Dixon
Licensed Salesperson - REAA 2008

janet@ifindproperty.co.nz
021 552 191

I just wanted to say a quick thank you for all the advice, tips and encouragement you have given me the past 2 months - including over your Christmas and New Year holidays Janet!

I've loved every bit of the process and can't wait to do it again! I will be recommending iFind to anyone who will listen!

We finally have our much dreamed about, first rental and I am so pleased that I called you Maree. Janet was well and truly amazing and I am beyond pleased.

What a wonderful business you have set up.."