8 Tonga Place in Christchurch

Name: Sales in 8 Tonga Place started!
Start: 2022-08-18T07:01:32.179335+00:00
End: 2023-12-31T23:59:59+0000
Location: 8 Tonga Place

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Project info

Object ID: 21699

Finished at	June 2023
Price, m²	From 4800$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 156.00 m²
Floors	3
Apartments	17
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

748,800$

Net profit

9,376$

Payback period

63.7 years

Avg property value increase per year

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Promos and discounts for 8 Tonga Place

About the project

The 2-bedroom units have an open plan layout on the ground floor, with an island-style kitchen to maximise space and storage options, there is also a handily located guest toilet on this level. The living space opens to a beautifully landscaped courtyard, with a timber deck. Upstairs, are two double bedrooms with built-in wardrobes. This is where the main bathroom is also located, with a floating vanity to create spaciousness and a tiled shower for easy cleaning.

The 3-bedroom units are designed with two different layouts either over two or three levels. In units 1-6, on the ground floor you will find an open plan kitchen and dining area, with an L-shaped kitchen to maximise space, the living area opens to a timber deck and beautifully landscaped area to enjoy the sunny mornings in. On the second floor, there is one double bedroom with the main bathroom, storage space and a washing cupboard.

The third floor holds the remaining two double bedrooms, with an ensuite in the master. There is also

ample storage space in this area.

In units 7-9 and unit 12, the 3-bedrooms are set over two levels. On the ground floor, there is a double bedroom with an ensuite, also an open plan kitchen and living area. The island-style kitchen means that the counter can also be used as a breakfast bar. The living area opens onto a generously sized courtyard with timber decking. Upstairs, you will find the remaining two bedrooms, along with the main bathroom – complete with a stylish tiled shower and floating vanity.

With Prime Stone benchtops, tiled splashbacks and quality stainless steel appliances used in all kitchens, as well as durable flooring and carpet, these townhouses will be the perfect investment for years to come.

Wolfbrook homes are ‘move-in’ ready on settlement, meaning that your home comes equipped with a heat pump to keep you warm and dry in winter and cool in summer, keyless front door entry, blinds, a washer and dryer machine and stainless-steel appliances.

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