22 Fitzherbert Road in Lower Hutt

Name: Sales in 22 Fitzherbert Road started!
Start: 2022-08-25T11:52:29.637028+00:00
End: 2023-12-31T23:59:59+0000
Location: 22 Fitzherbert Road

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Project info

Object ID: 21835

Finished at	December 2022
Price, m²	From 9300$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 73.00 m²
Floors	2
Apartments	18
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

10,605$

Rental income

1,103$

Management

689$

Utilities

530$

5% Income tax

8,283$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	50$	250$
February	28	21%	6	50$	300$
March	31	16%	5	55$	275$
April	30	16%	5	60$	300$
May	31	32%	10	60$	600$
June	30	60%	18	70$	1260$
July	31	80%	25	95$	2375$
August	31	80%	25	100$	2500$
September	30	46%	14	75$	1050$
October	31	45%	14	60$	840$
November	30	30%	9	50$	450$
December	31	29%	9	45$	405$
Total	365		145		10605$
Average		39%		64$

Total invested

678,900$

Net profit

8,283$

Payback period

64.0 years

Avg property value increase per year

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Promos and discounts for 22 Fitzherbert Road

About the project

Located right in the centre of Wainui this 18 townhouse development has all amenities right at its doorstep. Local shopping village, super market, are all just down the street so everything you need is right at your doorstep.

Wainuiomata has been absolutely booming and property there is now in high demand. Lots of first home buyers and families have been moving into the area over the last few years and we expect to see significant development of local commercial and recreational amenities to cater for the new demand.

Every townhouse we build has been thoughtfully designed to maximise natural light, privacy and use of space. As you step inside it's what you won't see that makes the biggest difference, like the cozy feeling you get from the above-code insulation, double glazed windows, and the sound separation created by the intertenancy wall system. All the materials, fittings and appliances are from reputable suppliers to give you peace of mind and provide a robust home that will stand the test of time.