125b Metcalfe Rd, Ranui, Auckland Townhouses
Well designed, high quality, low maintenance townhouses in strong rental demand location
74 x 2 & 3 bedroom townhouses
Opportunity for additional capital growth before settlement in June 2022
Prices: 2 beds $649,990 - $669,990, 3 beds $739,990 - $749,990
Located within minutes of local parks and cafes, 350m to public transport, 3.6km to Waitakere Hospital, 4.4km to West City shopping centre, 3.7km to the motorway, 19km to CBD
76% of dwellings in this suburb have 1-4 occupants and 31% have annual household income of $70k+
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. This location is 16km from Auckland 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: Fee Simple
THE PROPERTY
Type: Townhouse
Beds/Baths: 2+1.5, 3+2.5
Carparks: 1 Off-street
Internal floor area: 71 - 95sqm
Land size: Outdoor courtyards
SUBURB PERFORMANCE
Dwelling type: Townhouses
Market rents 2 bed: $490 p.w
Market rents 3 bed: $572 p.w
Median gross yield: 4.2%
Median sale price 10 years: +132%
Median sale price 20 years: +350%
Capital growth (20 years): 8.2% p.a.
RANUI HOUSE/TOWNHOUSE MARKET PERFORMANCE
House/Townhouse median sale price Sep 20: $720,000
House/Townhouse sales volume: 159 per year
House/Townhouse days to sell: 25
House/Townhouse sales value: $121 million per year
Market data sources: Real Estate Investar, Tenancy Services, REINZ, One Roof
FIRST HOME BUYERS
Dwelling: 2 bedroom townhouse
Purchase price: $649,990
Deposit: 10%
Weekly cost to own: $634
Occupancy: Sole
FIRST HOME INVESTORS
Dwelling: 2 bedroom townhouse
Purchase price: $649,990
Deposit: 10%
Weekly cost to own: $400
Occupancy: With flatmate/s
PROPERTY INVESTORS
Assessed rent 2 bed: $580 - $620 p.w
Assessed rent 3 bed: $690 - $720 p.w
Year 1 cashflow: 2 bed +$84 p.w, 3 bed +$111 p.w
DSR: 1.0 - 1.6
Gross yield: 4.4% - 4.5%
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.
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: 3.0%
LVR: 100% Investors / 90% Home Buyers
Rates: $2,200
Insurance: Included in bodycorp
CPI: 3.0%
Capital Growth: 8.2%
Legal/Loan fees: $2,000
Rent: Market rents appraised by property manager
Body Corporate / owners levy: $1,400
Property Manager: 10% of rent
Vacancy Rate: 1 week p.a
First Home Buyers/Investors current rent: $390 p.w.
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PROJECT OVERVIEW
125b Metcalfe Road is a new development site in the up and coming suburb of Ranui. It is a superb location with excellent access to public transport and just a short drive to Lincoln Road and the motorway links. A classic contemporary design with longevity in mind, these townhouses offer investors and first home buyers minimal maintenance both inside and out.
Boasting two bedrooms on the second floor which is serviced by a full bathroom while downstairs on the ground floor offers an open plan living, kitchen and dining with excellent flow to the outdoor patio, perfect for small get togethers. A second W.C is also located on this level. This home is fitted with all the modern comforts including double glazed windows, LED lights and a heat pump which meet the Healthy Homes Standards. A smart choice for investors looking to grow their portfolio, first home buyers or those looking to downsize.
Location
300m to the trains (one every 8 mins when the City Rail Link is completed shortly)
Bus stop to multiple locations
Close to a huge selection of the TOP fast food joints in Auckland
Short drive to the best black sand coastal beaches in NZ
Near the biggest Pak n Save in Auckland, Nido, Ikea and retail hubs
Shopping malls and specialty markets
Greenspaces, inc walks, golf, football club, parks and reserves
Historical boutique wineries nearby
Close to the hospital and other key employers and educational facilities
Industrial area for trades and services
Religious facilities and community centre close by
Very reputable Childcare facilities including preschool, primary, intermediate and secondary schools
Significant growth area for your return in investment
Proximity to the motorway and less congestion with easy access in many directions
Close to the stunning west coast beaches, waterfalls and gigantic native forests of the Waitakere ranges
Sitting at the base of the prestigious Bach Hills real estate mecca is your answer to stylish and sophisticated but affordable living. This smart location is ideal for people who love to enjoy their weekends exploring the great outdoors with a combination of incredible options for the ultimate beach escapes, boutique wine tasting, greenspaces, incredible schools and transport solutions right on your doorstep.
For forward thinking buyers there’s a bus stop outside the gate and it’s an easy 250m walking distance to the Ranui Train Station and Henderson Heights Parks. A short drive to popular amenities at Lincoln Road and Henderson Shopping Mall, Trust Stadium, Westgate Town Centre, Waitakere Hospital, multiple schooling and child care options and motorway access. Living here you will join a community that cares about their future and invests in it’s people with local projects you can be a part of. Explore this area for yourself and you will uncover a wealth of opportunity.
Ranui is a significant growth area offering multiple employment opportunities from educational and military campus’s, the Waitakarie Hospital, Industrial and construction, through to viticulture and forestry. Limitless opportunities in a very exciting location. Invest or settle, this fast growing area won’t disappoint. We offer two or three level quality finished, highly specified, luxurious Terraced Townhouses that will stand the test of time and hold value for years to come with the confidence you’re joining a team with 18 years experience.