102 MILLBROOK ROAD, HENDERSON, AUCKLAND, TOWNHOUSES
Well designed, high quality, low maintenance townhouses in strong rental demand location
9 x 1 bedroom townhouses
Opportunity for additional capital growth before settlement in late 2020
Prices: $465k - $475k
The West Auckland market is a consistent long term performer. Extensive investment in public transport and motorway widening is progressively reducing commuting times to the CBD
INVESTMENT OVERVIEW
Strategy: Off the plan
Upside: Growth prior to settlement
Rent: Unfurnished / Furnished
Lending: 80% LVR
Deposit: 10%
Deposit type: Cash, equity
Title: Freehold
THE PROPERTY
Type: Townhouse
Beds/Baths: 1+1
Carparks: On street
Valuation: Matches selling prices
Internal floor area: 1 bed 56 - 57 sqm
Land size: 72sqm - 120sqm
SUBURB PERFORMANCE
Dwelling type: Townhouses
Market rents 1 bed: $350 - $370 p.w.
Median gross yield: 4.5%
Median sale price 10 years: +105%
Median sale price 20 years: +305%
Capital growth (20 years): 7.6% p.a.
HENDERSON TOWNHOUSE MARKET PERFORMANCE
Townhouse median sale price July 19: $770,000
Townhouse sales volume: 450 per year
Townhouse days to sell: 36
Townhouse sales value: $358 million per year
Market data sources: Real Estate Investar, Tenancy Services, REINZ, One Roof
FIRST HOME BUYERS
Dwelling: 1 bedroom townhouse
Purchase price: $465,000
Deposit: 10%
Weekly cost to own: $509
Occupancy: Sole
FIRST HOME INVESTORS
No 2 bedroom options available
PROPERTY INVESTORS
Assessed rent 1 bed: $425 - $490 p.w
Year 1 cashflow: 1 bed +$33 to $62 p.w
DSR: 1.4
Gross yield: 4.6% - 5.0%
PRICE AND AVAILABILITY SUMMARY
Note: The NSA/Net Sqm/Int. SQM area is calculated from the mid-point of the inter-tenancy wall to the external face of the façade as per PCNZ Guidelines.
ANALYSIS ASSUMPTIONS
Loan length: 30 years
Interest rate: 3.75%
LVR: 100% Investors / 90% Home Buyers
Rates: $2,000
CPI: 3.0%
Capital Growth: 7.6%
Valuation: Matches listing prices
Legal/Loan fees: $2,000
Rent: Market rents appraised by property manager
Body Corporate: N/A
Property Manager: NIL
First Home Buyers/Investors current rent: $370 p.w.
View in Google Streetview
View suburb demographics