17 Bernard Street in Christchurch

Name: Sales in 17 Bernard Street started!
Start: 2022-08-18T10:11:06.129670+00:00
End: 2023-12-31T23:59:59+0000
Location: 17 Bernard Street

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Project info

Object ID: 21701

Finished at	April 2023
Price, m²	From 4885$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 184.00 m²
Floors	3
Apartments	12
Condition	Turnkey
Construction type	Monolyth
Security	CCTV
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket
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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

898,840$

Net profit

9,376$

Payback period

76.5 years

Avg property value increase per year

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About the project

Set back off Lincoln Road, this development features automatic access gates for peace of mind and security.

This final release consists of twelve three-bedroom townhouses with garage split over three levels. On the ground floor is the garage, laundry space, and third bedroom with ensuite which leads out to a private and secure courtyard. The first floor provides an open plan kitchen with stone benchtop, living and dining area opening out to a balcony. On the third floor are the remaining two bedrooms, one with an ensuite, both with in-built wardrobes, and the stylish main bathroom featuring a frameless glass tiled shower.

All townhouses feature Samsung appliances, blinds throughout, quality floor coverings, and a heat pump as well as keyless front door system.

Developer

Wolfbrook Residential was formed in 2020 for the purpose of building high-quality developments across New Zealand. The Directors have spent …
Details about Wolfbrook Residential