Wholesale Property

21 KARAMU ST, TE ATATU PENINSULA, AUCKLAND, TOWNHOUSES

• Well designed, high quality, low maintenance townhouses in strong rental demand location

• 10 x 2 bedroom townhouses - only 2 remaining

• Cashflow positive $54 - $76 per week

• Opportunity for additional capital growth before settlement in early 2021

• Prices: 2 bed $640k - $655k

• 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

TE ATATU PENINSULA TOWNHOUSE MARKET PERFORMANCE

Market data sources: Real Estate Investar, Tenancy Services, REINZ, One Roof

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.

ADDITIONAL DOCUMENTS

• Property Investors 2-bed forecast furnished

• Property Investors 2-bed forecast unfurnished

• First Home Buyers 2-bed forecast

• First Home Investors 2-bed forecast

• Rental appraisals

• Landscape plan

• Survey plan

• Floor plans

• Specifications

PROJECT OVERVIEW

Located on Karamu Street in Te Atatu Peninsula, these Townhouses are a short 3 minute drive to access the North Western Motorway and are walking distance to Schools, transport and other amenities. It is with no doubt that finding new homes at an affordable price point is only going to get increasingly harder as Auckland City’s population grows.

The open plan nature of the kitchen, living and dining provides everything you need for comfortable living. Our extremely functional kitchen will impress, which also includes a combination washer/dryer. There is a large storage space conveniently located under the stairs. Upstairs are 2 full size bedroom(s), which include large built-in wardrobes. Also upstairs is a full size bathroom. Outside is your own low maintenance, private courtyard with ample space for a barbecue, table and chairs. The outdoor area also includes a storage shed along with an outdoor power supply.

AUCKLAND OVERVIEW

Auckland home buyers need to get in quick - city house prices could leap to record highs by this time next year, one property pundit predicts. Infometrics economist Paul Barkle says that while Auckland house prices have stagnated for close to two years they are set for an almost 10 per cent jump next year followed by sustained increases through to mid-2022. Behind the forecast price rise is an acute shortage of houses. By Barkle’s estimate the city needs at least 45,000 more homes. But the news is not so rosy for homeowners outside the Super City, with national prices poised to ease next year from current record highs.

“By the end of next year we expect house prices in Auckland to be 9 per cent higher than in December 2018 compared to a slight decline in national prices of roughly 1 per cent over the same period,” Barkle said. Should Barkle’s forecast play out, it would push Auckland property values to new highs. Last month, the city’s median price reached $867,000 - or 3.7 per cent below the record price of $900,000 set in March 2017, according to the Real Estate Institute of NZ.
(Exert from Article originally appeared on nzherald.co.nz on December 29, 2018)