3 Derrett Place, Mangere Bridge, Auckland
Terraces on Derrett offers a rare opportunity to purchase a high-quality, yet affordable home, in the heart of Mangere Bridge.
This new boutique development is comprised of eight beautifully crafted homes, featuring a mix of two and three-bedroom options, so you can choose the home that is just right for you.
Offered at a very attractive price point, these high-quality townhouses do not compromise on location, style or finish. Terraces on Derrett have been carefully designed to provide you with a modern, low maintenance home and outdoor living area. Each of these architecturally designed homes sits on a freehold title, with its own carpark, to maximise convenience to your every day living.
Completed
Location
3 Derrett Place, Mangere Bridge, is located on a quiet cul-de-sac in a tightknit neighbourhood. The ideal neighbourhood for young families or couples.
The nearby Mangere Bridge village provides access to a host of amenities (including cafes, restaurants, shops and a supermarket), while popular bus routes and the proximity to the motorway means all other amenities are within easy reach.
Waterlea Primary School 900m
Kiwi Esplanade Reserve 1.4km
FreshChoice supermarket Mangere Bridge 1.5km
Mangere Bridge School 1.7km
Ambury Farm 2.1km
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 Overview
3 Derrett Place, Mangere Bridge, Auckland features 8 x 2 & 3 bedroom homes priced from $725,000.
Available units from $725,000 - $898,000.
According to oneroof.co.nz the median sale price in Mangere Bridge is $1,420,000, making these homes an affordable option for those looking to invest in the area.
Mangere Bridge is becoming increasingly popular amongst both property investors and first home buyers. Homes in the area tend to be priced well below Auckland’s median sale price, making the suburb a soft entry into the Auckland housing market.
48% of residents in Mangere Bridge own their own homes while 33% of the population are tenants.
Investment Overview
Strategy: Off the plan Upside: Growth prior to settlement Rent: Unfurnished Deposit: 10% Title: Freehold
Investment Type
Dwelling: Townhouse Growth: High Yield: High Pros: Proximity to the city centre
Suburb Performance
Median sale price 10 years: +46% Median sale price 20 years: +253% Capital growth 10 years: 3.85% Capital growth 20 years: 6.51%
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