12 Quaifes Rd, Country Downs Halswell, Christchurch
Well designed, high quality, low maintenance house & land in Christchurch growth suburb.
1 x 3 bed, 2 bath with single garage, off the plan house and land package
Opportunity for additional capital growth before settlement in late 2021.
Prices: $569.5k
46% of dwellings in this suburb have 3 - 6 occupants and 34% have annual household income of $100k+
The Christchurch market is undervalued based on the historical growth performance and growing gap between Christchurch and national average. The earthquakes in 2010 and 2011 and city rebuild have interrupted the growth cycle.
INVESTMENT OVERVIEW
Strategy: Off the plan
Upside: Growth prior to settlement
Rent: Unfurnished
Lending: 80% LVR
Deposit: 10%
Deposit type: Cash, equity
Title: Freehold
THE PROPERTY
Type: House & land
Beds/Baths: 3 + 2
Cars: 1 x garage, 1 x off street
Internal floor area: 127 sqm
Land area: 362 sqm
SUBURB PERFORMANCE
Dwelling type: House
Market rents 3 bed: $500
Median gross yield: 4.9%
Median sale price 10 years: +36%
Median sale price 20 years: +200%
Capital growth (20 years): 6.0% p.a
HALSWELL HOUSE MARKET PERFORMANCE
House median sale price Sep 20: $570,000
House sales volume: 281 per year
House days to sell: 25
House sales value: $161 million per year
Market data sources: Real Estate Investar, Tenancy Services, REINZ, One Roof
FIRST HOME BUYERS
Dwelling: 3 bed house & land
Purchase price: $569,500
Deposit: 10%
Weekly cost to own: $579
Occupancy: Sole
FIRST HOME INVESTORS
Dwelling: 3 bed house & land
Purchase price: $569,500
Deposit: 10%
Weekly cost to own: $390
Occupancy: With flatmate/s
PROPERTY INVESTORS
Assessed rent 3 bed: $510 p.w
Year 1 cashflows: 3 bed +$36 p.w
DSR: 1.2
Gross yield: 4.3%
Note: Cost to own and cashflows are approximate examples only. Actual results achieved will vary based on purchase price, interest rate, deposit %, providing carparks, providing furniture, insurance, property rates and rental rate.
DESIGN AND PRICE OPTIONS
Land 362 sqm, Internal 127 sqm
Download: floor plan, site plan, specs and landscaping
Lot 98: $569,500
3 bed, 2 bath, 1 car garage
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: 3.00%
LVR: 100% Investors / 90% Home Buyers
Rates: $2,400 p.a
Insurance: $2,000 p.a
CPI: 3.0%
Capital Growth: 6.0%
Legal/Loan fees: $2,000
Rent: Market rents appraised by property manager
Body Corporate / Owners Levy: NIL
Property Manager: 10%
Vacancy Rate: 1 week p.a
First Home Buyers/Investors current rent: $370 p.w.
ADDITIONAL DOCUMENTS
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PROJECT OVERVIEW
Originally a separate village, Halswell is now one of the fastest growing residential suburbs of Christchurch, New Zealand, located 9 kilometres southwest of Cathedral Square on State Highway 75, which feels even closer thanks to the new motorway completed in late 2019.
A vibrant and thriving community, there is something for everyone in Halswell. Places to visit, to discover. Indulge yourself. Living here is easy with an array of activities and recreational facilities on your doorstep that makes this place perfect to build your new home – to live, life, better.
Te Hāpua Halswell Summer Pool
Te Hāpua Halswell Summer Pool is located at 339 Halswell Road, Halswell and is open from November to March. There is plenty of parking on site. Includes; seven lane 33.3 metre pool, toddler pool & a hydroslide.
Halswell Community Market
Halswell Domain
Parks and green spaces
There are a number of large parks in Halswell. These are Quarry Park, Westlake Park, the Halswell Domain, and Curletts Reserve. As Halswell develops, more green spaces will be put aside as water retention basins which are important for preventing flooding in the Heathcote catchment when it rains heavily. Many of the parks and green spaces have lakes and creeks in them. As well as these there are numerous smaller parks and playgrounds in the area. Read more.
Places to visit, to discover.
Halswell is central to a great array of rural places to explore and enjoy. With a diverse range of fun activities on offer in the district, you and your family will soon discover why Halswell is one of Christchurch’s, fastest growing communities. From the coast where you can fish, surf and swim, to the mountains for tramping, camping, and skiing. Nearby Banks Peninsular is a popular destination with its many bays, coves, and beaches to visit. Or, why not indulge yourself with a visit to one of many excellent wineries and eateries in and around the area. For more information on what’s happening in and around here, visit The Halswell Community website.
CHRISTCHURCH OVERVIEW
Christchurch is the largest city in the South Island of New Zealand and the heart of the Canterbury Region. The Christchurch urban area lies on the South Island's east coast, just north of Banks Peninsula. It is home to 404,500 residents, making it New Zealand's third-most populous city behind Auckland and Wellington.
The city suffered a series of earthquakes between September 2010 and January 2012, with the most destructive of them occurring at 12.51 p.m. on Tuesday, 22 February 2011, in which 185 people were killed and thousands of buildings across the city collapsed or suffered severe damage. By late 2013, 1,500 buildings in the city had been demolished, leading to an ongoing recovery and rebuilding project.
The city experienced rapid growth following the earthquakes. A Christchurch Central Recovery Plan guides rebuilding in the central city. There has been massive growth in the residential sector, with around 50,000 new houses expected to be constructed in the Greater Christchurch area by 2028 as outlined in the Land Use Recovery Plan (LURP). The rebuild of Christchurch and population growth has created significant investment opportunities for investors. Read more