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.


Highlights:

Property Features: New Build / Multi Dwelling Property

  • Price: PBN
  • Capital Value: $131,000 (Land Value)
  • Rental Status: Vacant
  • Rent Appraisal: $880 - $920 p/w (Unfurnished)
    $900 - $960 p/w (1 Bedroom Studio Furnished)
    Written Appraisal available to potential purchasers
  • Annual Rates: $1,534
  • Estate Type: Freehold
  • Land Area: 578m2

Are we close?

If this property is not quite what you are looking for, contact the agent today to discuss finding a property directly for you.

Additional Information

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.

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.

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

iFindProperty Janet Dixon

Janet Dixon
Licensed Salesperson - REAA 2008

janet@ifindproperty.co.nz
021 552 191

Contact us about this property

Agent Contact Details

iFindProperty Janet Dixon

Janet Dixon
Licensed Salesperson - REAA 2008

janet@ifindproperty.co.nz
021 552 191

NEW Tauranga Emails

Tauranga property market news, stats, case studies and more, periodically delivered to your inbox.

Join Mailing List or Login

Registration successful!

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."