Te Awa Terraces in Auckland

Name: Sales in Te Awa Terraces started!
Start: 2022-08-16T06:36:13.485444+00:00
End: 2023-12-31T23:59:59+0000
Location: Te Awa Terraces

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Property for sale in Te Awa Terraces — look at the real estate search engine GEOLN.COM. Photo 1

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Project info

Object ID: 21685

Finished at	April 2023
Price, m²	From 4600$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 180.00 m²
Floors	2
Apartments	79
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

828,000$

Net profit

9,376$

Payback period

70.4 years

Avg property value increase per year

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Promos and discounts for Te Awa Terraces

About the project

Te Awa Terraces introduces a vibrant development of 79 residential units to Māngere East. Our bespoke townhouses boast spacious 2-bedrooms, 1.5 bathrooms and their own car park.

Intelligently designed and situated in a fabulous, family-friendly location Te Awa Terraces is a wonderful community to come home to. Built close to large employment hubs, key infrastructure, Middlemore Hospital, and transport links, these innovative homes will be perfectly positioned for young professionals, couples, and investors.

This development sits next to Royal Auckland and Grange Golf Club, Walter Massey Park and Ōtāhuhu Leisure and Pool Centre, offering both a healthier lifestyle and plenty of wholesome entertainment for homeowners to enjoy.

Whether you are looking to revel in some retail therapy or simply need to do your weekly food shop you will have everything you need with Ōtāhuhu Shopping Centre and Old Papatoetoe Shopping Centre, all on your doorstep.

Located in the middle of Ōtāhuhu and Papatoetoe Train station, Te Awa Terraces are in an excellent location for commuters and allows access to unlimited travel and employment options for all Te Awa residents.

This thoughtfully designed development offers beautiful homes that are ideal for those seeking a relaxed lifestyle. Every home provides premium lighting, quality fittings and sophisticated detailing throughout. Downstairs, you will find an inviting living area that flows effortlessly out to an immaculate private garden, superb for entertaining and alfresco dining.

All gardens are fully fenced, giving peace of mind for those with small children or pets. Additionally, purchasers will have space for bicycle storage, facilitating cycle access throughout the area and beyond. Upstairs lay two stunning bedrooms with large wardrobes. Placed between the two bedrooms you will find a pristine bathroom fitted with the latest modern fixtures.

The typical terraced unit is “blurred” with shared roof forms and varied cladding types. A sense of safety is achieved through passive surveillance, as front doors and windows provide sightlines over all the shared spaces within the site. Be the first to own one of these brand-new homes whilst investing in high-quality that lasts.