61 Hyde Street, Wainuiomata, Lower Hutt

Introducing the stunning development at 61 Hyde Street, Wainuiomata, Lower Hutt, featuring fourteen well-crafted townhouses. This collection includes ten spacious three-bedroom homes and four thoughtfully designed two-bedroom homes, each boasting high-quality finishes and modern living features.

Step inside and experience the difference that quality makes. No detail has been overlooked, from the sleek stone benchtops in the kitchens and laundries to the integrated laundry package. Custom-designed kitchens by Mastercraft Kitchens, some featuring island layouts, are installed with precision and equipped with top-tier appliances. The interiors are filled with natural light, while bedroom blinds offer privacy and comfort.

Each home is built to a higher insulation and double glazing standard, ensuring warmth and quiet living, thanks to superior intertenancy wall systems. Outside, easy-care fenced entertainment areas feature timber decking or concrete paving, perfect for relaxing or hosting guests.

Situated with public transport options right on your doorstep, this development combines convenience and quality, making it an ideal choice for those seeking modern living in a thriving community.

Completion due Q1 2025

Location

61 Hyde Street located in the Lower Hutt suburb of Wainuiomata, is located close to the shopping area. There are bus stops near for commuting to work or schools. Surrounded by multiple parks and reserves for recreation.

• Woolworths Wainuiomata 650m

• Wainuiomata High School 1.8km

• Woburn Station 7.6km

• Wellington Central 22.3km

• Wellington Airport 28.9km

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, 61 Hyde Street stands out for several reasons. The homes are competitively priced, and tenant demand in Lower Hutt, particularly in Wainuiomata, is strong. We expect these homes to achieve gross rental yields of up to 6.06%, 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 well under the suburb’s median sales price this is a good chance to invest in Wainuiomata for under $560,000, at least $100,000 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. 61 Hyde Street offers high rental returns making it an excellent choice for investors.

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