59 Wingate Street in Auckland

Name: 59 Wingate Street
Brand: Williams Corporation
SKU: 21820
Availability: InStock

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Project info

Object ID: 21820

Finished at	November 2022
Price, m²	From 10955$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 84.90 m²
Floors	3
Condition	Turnkey
Construction type	Monolyth
Security	CCTV
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital
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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

920,220$

Net profit

9,376$

Payback period

78.3 years

Avg property value increase per year

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About the project

Located on Wingate Road in Avondale, these Townhouses are in an area spoilt for choice of Reserves and Parks. Public transport is also covered with a Bus Stop and Train Station nearby.It is with no doubt that finding new homes at an affordable price point is only going to get increasingly harder as the City’s population grows.

Developer

Williams Corporation was founded by Matthew William Horncastle and Blair William Chappell in 2012. The duo were friends growing up. However,…
Details about Williams Corporation