342 Waiwhetu Road, Fairfield, Lower Hutt

Discover modern living at its finest with the exceptional townhouses at 342 Waiwhetu Road. This exclusive development features twenty-four meticulously designed townhouses, including nineteen two-bedroom units, two three-bedroom units, and three four-bedroom units. Each home is crafted to provide a comfortable and stylish living environment, perfect for various lifestyles.

Every townhouse boasts quality finishes and top-of-the-line appliances. The kitchens and laundries have stunning stone benchtops, ensuring durability and aesthetic appeal. Selected townhouses feature island kitchens, offering additional workspace and a contemporary design element.

The townhouses at 342 Waiwhetu Road are designed with comfort and convenience in mind. The integrated laundry package includes high-quality appliances; all bedrooms have fitted blinds for privacy and ease. The above-code insulation and double glazing throughout ensure energy efficiency and a comfortable indoor climate year-round.

Fenced outdoor entertainment areas are designed to be easy-care and finished with either timber decking or concrete paving. These spaces provide a perfect setting for relaxation and entertaining guests. Mastercraft Kitchens custom-designed each kitchen, which is renowned for its high-quality installations in Lower Hutt.

Experience the perfect blend of modern design, quality finishes, and convenient living at 342 Waiwhetu Road. Whether you're a young professional, a growing family, or looking to downsize, these townhouses provide an ideal living solution in Lower Hutt. Embrace the opportunity to make one of these beautiful townhouses your new home.

Completion due Q4 2024

Location

Situated in a prime location, 342 Waiwhetu Road offers unparalleled convenience with public transport right on your doorstep. This makes commuting to work, school, or leisure activities straightforward and hassle-free.

• Epuni Primary School 160m

• Epuni Train Station 900m

• Queensgate Shopping Centre 2.7km

• Hutt Hospital 3.2km

• Pak’nSave Lower Hutt 3.3km

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 offers an attractive opportunity for property investors due to its robust rental market, potential for capital growth, improving infrastructure, and high quality of life. Whether you're new to investing or looking to diversify, Lower Hutt is a secure and promising investment destination.

For astute investors, 342 Waiwhetu Road stands out for several reasons. The homes are competitively priced, and tenant demand in Lower Hutt, particularly in Fairfield, is strong. We expect these homes to achieve gross rental yields exceeding 5.4%, making this development the highest-yielding residential property on our list. In a high interest-rate environment, focusing on rental yield is crucial to minimise ownership costs and maintain healthy cash flow.

With the two-bedroom units being priced under the suburb’s median sales price this is a good chance to invest in Fairfield for under $700,000, at least $59,000 under that of the median sales price. These two-bedroom units are also well below the Wellington median sales price of $810,000.

In summary, Lower Hutt is a prime investment destination with strong rental yields and potential for capital growth. 342 Waiwhetu Road offers high rental returns making it an excellent choice for investors.

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