1 Rimu Street, Naenae, lower hutt

1 Rimu Street offers 15 architecturally designed townhouses that illustrate the model of craftsmanship and quality in the ever-popular Naenae neighborhood of Lower Hutt. These residences redefine hassle-free, low-maintenance, contemporary living at its finest.

These two-level homes boast cutting-edge designs and reflect a commitment to delivering affordable architecture in highly desirable locations. Crafted from top-tier building materials,  which feature an artful blend of contrasting yet balanced cladding profiles and equipped with premium appliances, interior finishes, and state-of-the-art healthy home technology, these homes set a new standard of excellence unmatched in the area.

Each residence has been positioned thoughtfully to maximize privacy and sunlight to cater to individual needs. Every unit includes a dedicated parking space. Discover a new level of modern living at 1 Rimu Street, where quality, style, and convenience seamlessly come together.

Completed

Location

Nestled in Lower Hutt, the charming city adjacent to the vibrant metropolis of Wellington, 1 Rimu Street enjoys an ideal location. Lower Hutt is renowned for its family-friendly ambiance, breathtaking natural landscapes, and convenient access to essential amenities. This residence combines the tranquillity of a retreat with the proximity to all necessities, providing the perfect balance for a comfortable lifestyle.

• Naenae Train Station 1.7km

• Hutt Hospital 4.0km

• Pak n Save Lower Hutt 4.9km

• Queensgate Shopping Centre 5.6km

• Wellington CBD 22.4km

Showhome Pictures (Located at Rimu Street)

Note: Cost to own and cashflows are approximate examples only. Actual results achieved will vary based on purchase price, interest rate, deposit %, providing carparks, providing furniture, insurance, property rates and rental rate. Please download free analysis software to complete your own analysis. Our team can help you with this, so don’t hesitate to contact us.

Investment Analysis

Lower Hutt presents a compelling proposition for property investors, given its robust rental market, potential for capital growth, improving infrastructure, and enviable quality of life. Whether you're a first-time or seasoned investor seeking to diversify your portfolio, Lower Hutt should rank high on your list of promising investment destinations.

During the recent market downturn, Lower Hutt's property market experienced some significant challenges. Prices plummeted by nearly 30% between November 2021 and August 2023, compared to just 16% observed nationwide.

In July, there was a notable shift in the Wellington housing market, as reported by CoreLogic. For the first time in 17 months, house prices in Wellington experienced a positive upswing. The house price index from the property data firm revealed a 0.3% increase in Wellington prices in July compared to the previous month. This could signify that the market slowdown is finally concluding, just in time for the traditional spring selling season.

Notably, developers specialising in townhouse construction in Lower Hutt reported a substantial surge in sales in recent weeks. One developer recorded 19 sales of completed homes within a 30-day period. This indicates that the slump, particularly in the new construction sector, may be drawing to a close. Our own sales data, along with insights from developers and agents, align with this positive outlook.

For investors prioritizing yield, Lower Hutt deserves serious consideration. Lower Hutt is likely the highest-yielding location among all the major centres in the country. Many properties currently on the market are expected to generate rental yields exceeding 5%. When combined with the fact that Lower Hutt is currently undervalued in comparison to its long-term average, it presents a sound investment opportunity for discerning investors.

Current projects