14 Leitch Street in Christchurch

Name: Sales in 14 Leitch Street started!
Start: 2022-08-19T07:07:19.732562+00:00
End: 2023-12-31T23:59:59+0000
Location: 14 Leitch Street

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Project info

Object ID: 21708

Finished at	December 2022
Price, m²	From 3910$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 171.00 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

668,610$

Net profit

9,376$

Payback period

56.9 years

Avg property value increase per year

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About the project

These homes have been designed with modern living in mind. Inside, the open plan layout gives you a light filled home that you’ll look forward to coming home to. The thoughtfully designed kitchen features an island style design to maximise bench space, Samsung appliances, and a timeless colour scheme. In units 1-2 you’ll also find the handily located washer dryer combo tucked away under the bench. The comfortable living area opens out to a sunny courtyard where you can enjoy warm summer evenings with friends and family. There is also a guest toilet on this level.

Upstairs you’ll find the two bedrooms which both have built in wardrobes, the laundry facilities for units 3-6, the linen cupboard and the master bathroom which features a fully tiled shower for easy cleaning.

All townhouses are fitted with a keyless front door system, a heat pump, Samsung appliances as well as blinds throughout, which makes this a truly turnkey property, ready to be lived in on completion.

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