9 MARLENE AVE, TE ATATU SOUTH, AUCKLAND TOWNHOUSES

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

  • Boutique development of 2 duplex homes and 5 terraced homes

  • 7 x 2 bedroom townhouses

  • Opportunity for additional capital growth before settlement in late 2020

  • Prices: $649k - $675k

  • 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: 2+1.5
Carparks: 1 car park off street
Valuation:
Internal floor area: 75 - 77 sqm
Land size:

SUBURB PERFORMANCE

Dwelling type: Townhouses
Market rents 2 bed: $450 - $470 p.w.
Median gross yield: 4.5%
Median sale price 10 years: +111%
Median sale price 20 years: +280%
Capital growth (20 years): 7.3% p.a.

TE ATATU SOUTH TOWNHOUSE MARKET PERFORMANCE

Townhouse median sale price July 19: $780,000

Townhouse sales volume: 210 per year

Townhouse days to sell: 41

Townhouse sales value: $170 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: $702
Occupancy: Sole

FIRST HOME INVESTORS

Dwelling: 2 bedroom townhouse
Purchase price: $649,990
Deposit: 10%
Weekly cost to own: $405
Occupancy: With flatmate/s

PROPERTY INVESTORS

Assessed rent 2 bed: $580 - $640 p.w
Year 1 cashflow: 2 bed +$49 p.w
DSR: 1.3
Gross yield: 4.5%

PRICE AND AVAILABILITY SUMMARY

ANALYSIS ASSUMPTIONS

  • Loan length: 30 years

  • Interest rate: 3.75%

  • LVR: 100% Investors / 90% Home Buyers

  • Rates: $2,500

  • CPI: 3.0%

  • Capital Growth: 7.3%

  • 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: $450 p.w.