516 Gloucester Street in Christchurch

Name: Sales in 516 Gloucester Street started!
Start: 2022-08-29T08:07:32.015177+00:00
End: 2023-12-31T23:59:59+0000
Location: 516 Gloucester Street

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Project info

Object ID: 21854

Finished at	December 2022
Price, m²	From 6890$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Townhouse
Square	from 84.00 m²
Floors	2
Apartments	6
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital
Personal discount certificate 300$
Free consultation	Ask a question

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

578,760$

Net profit

9,376$

Payback period

49.2 years

Avg property value increase per year

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Promos and discounts for 516 Gloucester Street

About the project

Introducing 516 Gloucester Street, a collection of 6 exceptional freehold homes, situated in the community of Phillipstown.

One of the most exciting boutique townhouse developments to become available in this location, these 6 exclusive homes offer the best elements of design-led living at an affordable price.

The homes offer two double bedrooms, the master featuring an ensuite, and both the ensuite and main bathroom are complete with a tiled shower. The kitchen features engineered stone benchtops, breakfast bar and all new modern appliances. Enjoy the open plan living area which flows out to the generous outdoor living area, all complete with a designated carpark.

Developer

Boutique Living specialises in architecturally designed residential units with a point of difference. Each of our developments go through a…
Details about BOUTIQUE PROPERTY