8 Tutchen Street in Tauranga

Name: 8 Tutchen Street
Brand: Williams Corporation
SKU: 21871
Availability: InStock

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Project info

Object ID: 21871

Finished at	December 2022
Price, m²	From 12480$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 56.00 m²
Floors	3
Apartments	18
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital
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Return on investment for apartment

with price

9,495$

Rental income

1,103$

Management

689$

Utilities

474$

5% Income tax

7,229$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	25%	8	35$	280$
February	28	32%	9	35$	315$
March	31	19%	6	35$	210$
April	30	20%	6	45$	270$
May	31	38%	12	45$	540$
June	30	66%	20	50$	1000$
July	31	83%	26	80$	2080$
August	31	83%	26	85$	2210$
September	30	60%	18	60$	1080$
October	31	58%	18	45$	810$
November	30	33%	10	35$	350$
December	31	32%	10	35$	350$
Total	365		169		9495$
Average		45%		48$

Total invested

698,880$

Net profit

7,229$

Payback period

73.6 years

Avg property value increase per year

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About the project

Located on Tutchen Street, Tauranga, these Townhouses are within walking distance to local parks, schools and supermarkets. Approximately a 5 minute drive to Tauranga Hospital, and with public transport nearby, it is also a short drive to the State Highway. It is with no doubt that finding new homes at an affordable price point is only going to get increasingly harder as the city’s population grows

Developer

Williams Corporation was founded by Matthew William Horncastle and Blair William Chappell in 2012. The duo were friends growing up. However,…
Details about Williams Corporation