129 Tancred Street in Christchurch

Name: Sales in 129 Tancred Street started!
Start: 2022-08-18T10:40:53.986446+00:00
End: 2023-12-31T23:59:59+0000
Location: 129 Tancred Street

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Project info

Object ID: 21703

Finished at	March 2023
Price, m²	From 3920$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 163.00 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

638,960$

Net profit

9,376$

Payback period

54.4 years

Avg property value increase per year

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About the project

The two-bedroom townhouses feature an open plan kitchen with stone benchtop, living and dining area on the ground floor which leads out to a private and secure courtyard. There is also a handily located guest toilet on this level. Upstairs are two bedrooms both with in-built wardrobes, a storage cupboard, and a stylish bathroom featuring a frameless glass tiled shower. All townhouses include a reserved off-street car park.

There are nine two-bedroom plus office and garage townhouses which are spread over three levels. The ground floor houses the garage, laundry and large home office. The first floor provides an open plan kitchen with stone benchtop, living and dining area opening out to a balcony. Upstairs, on the third level are two-bedrooms both with in-built wardrobes, a separate guest toilet and a stylish bathroom featuring a frameless glass tiled shower.

The three-bedroom townhouses with garage are split over three levels. On the ground floor is the garage, laundry space, and third bedroom with ensuite which leads out to a private and secure courtyard. The first floor provides an open plan kitchen with stone benchtop, living and dining area opening out to a balcony. On the third floor are the remaining two bedrooms, one with an ensuite, both with in-built wardrobes, and the stylish main bathroom featuring a frameless glass tiled shower.

All townhouses feature Samsung appliances, blinds throughout, quality floor coverings, and a heat pump as well as keyless front door system.

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