15 Awamutu Grove, Waiwhetu, Lower Hutt

Welcome to 15 Awamutu Grove, Waiwhetu, Lower Hutt. A dynamic new development featuring a range of meticulously crafted townhouses designed to offer comfortable living in a highly convenient location. This exceptional address grants effortless access to numerous amenities, including cafes, supermarkets, Lower Hutt CBD, and schools. This diverse development of 14 townhouses offers an array of configurations catering to various lifestyles.

The three-bedroom residence spans two levels, providing an ideal family layout. The ground floor features an inviting open-plan living space with seamless indoor-outdoor flow to a timber deck. This level also includes a master bedroom and a generously proportioned family bathroom. Upstairs, you'll discover two spacious double bedrooms, another family-sized bathroom, and plenty of wardrobe space.

The 2-bedroom, 1.5-bathroom home offers convenience and suitability for those seeking single-level living. The open-plan living and kitchen area effortlessly connect to an inviting outdoor deck. The double bedrooms are easily accessible from a connecting hallway, ensuring privacy and easy access to the family-sized bathroom.

The two-bedroom homes with 1.5 bathrooms strike a balance between functionality and comfort. Downstairs, the open-plan living, dining, and kitchen area flows seamlessly to a private deck. Upstairs, the generously sized bathroom complements two well-appointed bedrooms with built-in wardrobes.

Units 9 and 11 - 14 come complete with off-street parking, providing dedicated spaces for residents' convenience.

These thoughtfully designed homes showcase particular attention to detail, creating a comfortable and stylish living environment. The kitchen is equipped with high-quality Samsung appliances, blending functionality with the sleek design. Adjoining the kitchen, the open-plan living and dining areas are seamlessly connected to timber decks. Modern touches like tiled splashbacks and floating vanities enhance the bathrooms.

Each home features a keyless front door system, ensuring security and convenience. A heat pump in each unit guarantees year-round comfort, while installed blinds offer privacy and the flexibility to control natural light.

Completion due Q3 2024

Location

Nestled in Lower Hutt, this location offers suburban living with easy access to Wellington Central. With a nearby train station, commuting is a breeze. Petone Beach, just 4km away, provides a coastal retreat. Lower Hutt is well-equipped with amenities, including schools, supermarkets, and recreational facilities. Nature enthusiasts will appreciate scenic trails with breathtaking views.

• Hutt Valley High School 1.7km

• Waterloo Train Station 1.8km

• Queensgate Shopping Mall 2.3km

• Pak’n’Save 3.5km

• Hutt Hospital 4.4km

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.

Notable changes in the market along with sales in the new build sector of Lower Hutt so the turnaround of the market as values of properties have started to shift upwards. This development presents a great investment option due to the centralization to Hutt Central for tenants that commute to the city. Easy access to public transport like the train station would make this a desirable location for potential tenants.

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 4.7%. When combined with the fact that Lower Hutt is currently undervalued compared to its long-term average, it presents a sound investment opportunity for discerning investors.

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