Wholesale Property

32 SUNNYMEAD RD, GLEN INNES, AUCKLAND TOWNHOUSES

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

• 10 x 1 bedroom townhouses

• Opportunity for additional capital growth before settlement in late 2021

• Within 5 minutes of popular cafes & restaurants, 13km to Auckland CBD

• Prices: 1 bed $595k to $620k

• 40% of dwellings in this suburb have 1-2 occupants and 30% have annual household income of $70k+

GLEN INNES TOWNHOUSE/HOUSE MARKET PERFORMANCE

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

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.

PROJECT OVERVIEW

Located on Sunnymead Road, these Townhouses are walking distance to the Bus Stop, Glen Innes Village, various Schools, reserves, recreation and leisure centres 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.

On the Ground Floor, the kitchen, dining and living areas are open plan. There is a Washer/Dryer Combination conveniently located within the kitchen and a large storage space under the stairs (additional storage space also upstairs). Upstairs is 1 full size bedroom, which includes a large built-in wardrobe. Also upstairs is a full size bathroom. Outside is a low maintenance private courtyard, which includes a Clothesline, Storage/Bike Shed and 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)