27 Sumner Street in Christchurch

Name: Sales in 27 Sumner Street started!
Start: 2022-09-01T06:42:54.934902+00:00
End: 2023-12-31T23:59:59+0000
Location: 27 Sumner Street

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Project info

Object ID: 21875

Finished at	November 2022
Price, m²	From 4755$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 147.00 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

698,985$

Net profit

9,376$

Payback period

59.5 years

Avg property value increase per year

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About the project

Starting Construction in April. Resource consent issued and Building consent expected any day.

27 Sumner St consists of 5 architecturally designed 2 bed town houses, on freehold titles within proximity to both the City Centre and all the essentials of modern living.

The designer kitchens are complete with engineered stone benchtops, breakfast bar and all new modern appliances.

For families, there are a number of Christchurch schools within zone of this development, including Middleton Grange & Hillmorton High.

Less than a 10 minute drive to the City Centre for entertainment and amenities at your convenience. Within proximity to Hagley park south, 4 minutes to Addington raceway & Events Centre and a short 10 minutes walk to Addington shops, provides you with all essentials right at your doorstep.

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