422 Devonport Road in Tauranga

Name: Sales in 422 Devonport Road started!
Start: 2022-08-25T06:46:27.050300+00:00
End: 2023-12-31T23:59:59+0000
Location: 422 Devonport Road

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Project info

Object ID: 21828

Finished at	March 2023
Price, m²	From 9450$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Townhouse
Square	from 82.00 m²
Floors	2
Apartments	8
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

774,900$

Net profit

9,376$

Payback period

65.9 years

Avg property value increase per year

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About the project

In the glow of Tauranga’s Central Avenues is Lumina, a boutique development of eight architecturally-designed, contemporary homes.

Near the vibrant centre of New Zealand’s most desirable region and within walking distance to the city’s best food, retail and business precincts, Lumina is the epitome of sophisticated urban living.

Created by Lighthouse Group and designed by Archistudio, the light-filled open-plan kitchen and living areas flow out into a private courtyard. The kitchen features quality stainless steel appliances, stone benchtops and a glass splashback. Each home’s two-bedrooms feature a palette of quality materials and refined shades.

The clean, thoughtful design beckons outdoor living and effortless entertaining. A secluded and landscaped outdoor area is a perfect haven to unwind after a long day or host sundowners for friends after a day at the beach. Off-street carparking ensures ease, accessibility and piece of mind for every home owner.

Developer

At Lighthouse Group, our vision has long been to deliver residential communities that are a cut above what’s offered in New Zealand’s evolvi…
Details about Lighthouse Group