7 Hinemoa Street in Christchurch

Name: Sales in 7 Hinemoa Street started!
Start: 2022-08-19T10:39:05.831304+00:00
End: 2023-12-31T23:59:59+0000
Location: 7 Hinemoa Street

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Project info

Object ID: 21714

Finished at	November 2022
Price, m²	From 4160$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 155.00 m²
Floors	2
Apartments	6
Condition	Turnkey
Construction type	Monolyth
Security	CCTV
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

644,800$

Net profit

9,376$

Payback period

54.9 years

Avg property value increase per year

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About the project

With a timeless design and modern touches, these townhouses will appeal to buyers tastes now and into the future. Inside you’ll find the open plan kitchen and living area that seamlessly opens out to a private outdoor area. The stylish kitchen features a Prime Stone benchtop and Samsung stainless steel appliances. Thoughtful in every detail, this kitchen has been designed as an island style to maximize bench space and to create additional dining. Tucked away under the bench is a washer/dryer combo.

Outside, you’ll find a timber deck with easy-care landscaping that’s perfect for enjoying the sun from your favorite spot. Also on this level is a handily located guest toilet.

Upstairs are the two bedrooms both include built-in wardrobes, and double-glazed windows to keep you warm-even in the coldest months of the year. A storage cupboard is placed at the top of the stairs, and there’s the stylish bathroom that features a fully tiled shower for easy cleaning and a floating vanity which creates a sense of spaciousness.

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