49 McLean Street in Christchurch

Name: Sales in 49 McLean Street started!
Start: 2022-08-18T11:50:26.885810+00:00
End: 2023-12-31T23:59:59+0000
Location: 49 McLean Street

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Project info

Object ID: 21705

Finished at	April 2023
Price, m²	From 3765$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 166.00 m²
Floors	2
Condition	Turnkey
Construction type	Monolyth
Security	—
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

624,990$

Net profit

9,376$

Payback period

53.2 years

Avg property value increase per year

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About the project

Offering undeniable ease of living, modern comfort and affordability, these townhouses will attract professionals, families and investors wanting to reside in a convenient neighbourhood on the outskirts of the city.

Townhouses 2-8 have two full bathrooms (master with ensuite), while townhouses 9 and 10 have one bathroom and a guest toilet downstairs. All townhouses are very well specified with stylish kitchens including stone benchtops and quality Bosch appliances.

Eight of the townhouses include off-street carparking while the remaining two have direct access to on-road parking.

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