20 Fitzherbert Road in Lower Hutt

Name: Sales in 20 Fitzherbert Road started!
Start: 2022-08-18T12:42:42.560037+00:00
End: 2023-12-31T23:59:59+0000
Location: 20 Fitzherbert Road

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Project info

Object ID: 21706

Finished at	August 2023
Price, m²	From 4600$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 139.00 m²
Floors	2
Apartments	10
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

639,400$

Net profit

9,376$

Payback period

54.4 years

Avg property value increase per year

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About the project

As you enter the property, you’ll be greeted with the open plan kitchen and living area. The stylish kitchen features Prime Stone benchtop and 3D Chevron White splash back complemented by Bestwood Melamine joinery. It’s been designed with functionality in mind and comes with quality Samsung appliances. The living area opens out to a private patio area where you can enjoy alfresco dining. On this level you’ll also find the laundry cupboard and for units 3-10 a handily located guest toilet.

As you head upstairs, you’ll find the linen cupboard for additional storage, the comfortable bedrooms, both with in-built wardrobes and the stylish bathroom featuring 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