LAKESIDE, 95 SCOTT RD, TE KAUWHATA OFF THE PLAN HOUSE AND LAND

  • Lakeside is a new residential master-planned community nestled on the banks of Lake Waikare in Te Kauwhata. Situated immediately south of the existing village centre, Lakeside is the logical extension of the township.

  • Developed by Winton, successful developer of Northlake, Wanaka and Hobsonville Point, Auckland

  • Well designed, high quality, low maintenance house and land packages in prime Hamilton / Auckland satellite town

  • Total 10 x off-the-plan 3 bedroom house and land packages exclusively discounted $10k - $12.5k for our clients

  • Opportunity for additional capital growth before settlement in mid 2020 and from future stage releases at higher prices

  • Prices: $535k to $611.5k, with all packages cashflow positive up to $5,876 per year

  • Major roading and train travel upgrades along with significant employment growth within a 15 - 60 minute radius make this location a dream setting at highly affordable rents and purchase prices.

Aerial view of the new 1,300 home Lakeside subdivision development at Te Kauwhata

Aerial tour of the site at the commencement of the earthworks and artists render of finished project

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 and land
Beds/Baths: 3+1, 3+2
Off street parking: 1-2
Valuation: N/A
Internal floor area: 82 - 98 sqm
Land area: 339 - 520 sqm

SUBURB PERFORMANCE

Category: Houses
Market rents 3 bed: $424
Median gross yield: 4.58%
Median sale price 10 years: +80%
Median sale price 20 years: +229%
Capital growth (20 years): 6.5%

TE KAUWHATA HOUSE MARKET PERFORMANCE

House median sale price July 19: $560,000

Townhouse sales volume: 30 - 40 per year

Townhouse days to sell: 77

Townhouse sales value: $16 million per year

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

FIRST HOME BUYERS

Dwelling: 3 bedroom house
Purchase price: $535k
Deposit: 10%
Weekly cost to own: $598
Occupancy: Sole

FIRST HOME INVESTORS

Dwelling: 3 bedroom house
Purchase price: $535k
Deposit: 10%
Weekly cost to own: $404
Occupancy: With flatmate/s

PROPERTY INVESTORS

Assessed rent 3 bed: $600 - $630 p.w
Year 1 cashflow: +$77 to $112 p.w
DSR: 1.5
Gross yield: 4.8% - 5.3%

 
 
 
 

PRICE AND AVAILABILITY SUMMARY

ANALYSIS ASSUMPTIONS

  • Loan length: 30 years

  • Interest rate: 3.75%

  • LVR: 100% Investors / 90% Home Buyers

  • Rates: $3,000

  • CPI: 3.0%

  • Capital Growth: 6.5%

  • Legal/Loan fees: $2,000

  • Body Corporate: N/A

  • Property Manager: NIL

  • First Home Buyers/Investors current rent: $400 p.w..

 
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PROJECT OVERVIEW

Lakeside is a new residential master-planned community nestled on the banks of Lake Waikare in Te Kauwhata. Situated immediately south of the existing village centre, Lakeside is the logical extension of the township. Breathe in, stretch out and make that dream of a Kiwi lifestyle your reality. At Lakeside you’re buying more than just a home, you’ll be building a lifestyle that will be the envy of many. Set in a relaxed rural environment and quintessential Kiwi community, Lakeside’s innovative house designs give you the freedom to choose a home that suits both your needs and your budget. Whether you’re raising a family, enjoying your career or retiring, leave the stress behind and enjoy a slice of the good life. 

Life is better by the water. An exciting new residential community is coming to the banks of Lake Waikare, less than a kilometre from Te Kauwhata’s charming village centre. Lakeside will see for the first time public access provided to the banks of Lake Waikare thanks to the creation of over 5km of walking and cycle trails within 185 acres of dedicated reserve land. Lakeside’s main entrance will be via Scott Road with a secondary entrance via Rata and Rimu Streets, both providing easy access to SH1. 

Access Everywhere

Forty-five minutes north of Lakeside is the supercity of Auckland. With a population of around 1.6 million, Auckland is New Zealand’s major economic and financial centre. With large commercial and industrial areas in Manukau City, plus a wide range of primary industries located in the Pukekohe region, this thriving hub provides a plethora of employment, study and recreation opportunities. 

Lakeside is also within easy reach of bustling Hamilton and beachy Tauranga. With large shopping and service precincts available less than forty minutes’ drive away via the new Waikato expressway, all the necessities in life are just a stone’s throw away. For your outdoor enjoyment the Coromandel and its golden sandy beaches, Waihi and the scenic Karangahake Gorge to the east are all an easy drive from your new Lakeside home.

To the west you’ll enjoy the charms of popular seaside hamlets like Port Waikato, world famous surf town Raglan and the nature reserve of Mt Pirongia. Boating is not just a hobby but a lifestyle for many in the area, and there are dozens of places nearby providing access to the Waikato River for water skiing and fishing. The town is serviced by a newly-built highway interchange leading from the country’s main artery, SH1.

The plan for Lakeside’s centre is a boutique commercial hub, where you can get a latte then walk back to your idyllic new home — or even the beach. A recreational lake is being built adjacent to Lake Waikare. The new lake, along with sports fields, playgrounds, and walking and mountain bike tracks, will offer loads of fun in the outdoors. The Lakeside Village Centre may include: Café / Restaurant, children’s playground, childcare centre, modern medical centre, communal business office, spaces, ample parking, sports field and a basketball court.

All of this will ensure that Lakeside will be both a great place to live now, and for future generations to come. 

  • Lakeside Developments 2017 Limited has purchased a 179 hectare parcel of land located at 94 Scott Road, Te Kauwhata.

  • Located on the southern boundary of the existing community of Te Kauwhata, on the northern banks of Lake Waikare, 45 minutes to Auckland and 40 minutes to Hamilton.

  • The property is situated in the “Golden Triangle” between Auckland, Tauranga and Hamilton – one of the countries fastest growing regions with net additional households forecast to grow by 12,400 homes per annum over the next 15 years.

  • A private plan change rezoned this land to residential in order to allow for the development; over 1,600 homes over 7 years.

  • Landscape led master-planned residential community and commercial hub. The Village Centre will include a café and restaurant, a childcare centre, medical facility, convenience store, retail shops and offices and a children’s playground. The MoE has approved a new primary school within the development.

  • The existing Te Kauwhata community is a thriving township offering primary and secondary schools, a new library, sports clubs (including golf, bowls, rugby and squash) and community and social groups (including Lions, Scouts and Guides).

  • The development will retain 80 hectares as recreation reserve with sports fields, over 5km’s of walking and cycle trails and the creation of a recreational lake to be enjoyed by all residents.

  • There are currently 5 shows homes and a sales suite on-site. Earthworks for the first 162 lots have been completed with house construction commencing in September 2019.

Selecting your investment

At Lakeside, there are two categories of home and section for you to choose from: Modern and Vantage. Our range of considered designs gives you the flexibility to choose the perfect home to fit your lifestyle.

Modern Homes

For our Modern Home sections, there is a range of sixteen Modern Home designs, which Lakeside will construct on site ready for you to move into. Lakeside’s Modern Homes are affordable architecturally designed homes, available with either two or three bedrooms. Perfect for first time buyers, investors or down sizers. 

Vantage Homes

Fourteen different Vantage Home designs are available to build on our Vantage Home sections. Lakeside can build the home for you or, if you prefer, you can engage your own builder and follow our specifications, house plans and design guidelines. Lakeside’s Vantage Homes are larger architecturally designed homes with three or four bedrooms and either one or two storeys. All Vantage Homes have either an internal garage or off-street parking for your vehicle.

TE KAUWHATA OVERVIEW

Take a look around the town and you’ll see traditional Kiwi landmarks letting you know you’re living somewhere with a heart. The town has many classic Kiwi features including a memorial domain, ANZAC memorial, Four Square, farm supply stores — and of course fish & chips! 

Te Kauwhata boasts several early childhood centres, two excellent primary schools, a secondary school and a modern library. There are a number of thriving clubs and community groups including the Waikare Golf Club, Te Kauwhata Rugby Club, Bowling Club, Scouts & Keas — making it easy to get involved and meet your neighbours.

Find out more about Te Kauwhata

Find out more about Te Kauwhata