85 Ridge Street, Otumoetai, Tauranga

Welcome to 85 Ridge Street, Otumoetai, Tauranga, which presents thirteen thoughtfully crafted two-bedroom architecturally designed townhouses that are charming inside and out. While maintaining grace, these homes also prioritise open-plan living areas, ideal for flexible use.

The ground floor of all units includes the dining area, which connects to the lounge and kitchen, which features top-quality finishes and appliances. Units one to four all feature convertible laundry and storage options. Units one, four, five, and seven boast a master bedroom upstairs with an ensuite bathroom and an additional bedroom that can utilise the bathroom on the top floor. Units two, three, and six have two bedrooms with a shared top-floor central bathroom.

Meanwhile, Units eight, ten, eleven, and thirteen provide a downstairs toilet, and Units nine and twelve exclusively house the bathroom upstairs. All Units eight to thirteen offer two equally sized bedrooms without a designated master, but have the additional convenience of a downstairs toilet for guests.

The symmetrical upstairs bedrooms offer universal uses such as bedrooms, studies, or nurseries. The finishings on these homes include tiled bathrooms for simplicity and durability. The kitchens feature prime stone benchtops and offer a durable, stylish space, perfect for culinary pursuits.

These homes effortlessly blend with the neighborhood's timeless charm while providing modern comfort. Easy parking, sunny outdoor spaces, and thoughtful storage
areas add to the community's appeal. All townhouses have a keyless front door system, a heat pump, and blinds, making these townhouses ready to be lived in on completion.

completion due Q4 2024

Location

Nestled in Otumoetai, this location offers easy access via sidewalks and a nearby bus stop. Surrounded by scenic parks like Waiaka Reserve and Kulim Park, and close to essential amenities on Otumoetai Road, it's a vibrant neighborhood with everything you need within reach. Schools, churches, and pools are just a quick drive away.

• New World Brookfield 2.1km

• Tauranga CBD 5.2km

• Tauranga Hospital 5.9km

• Tauranga Airport 8.1km

• Mount Maunganui 8.4km

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

Tauranga's real estate market is experiencing a surge in popularity, evidenced by its January 2024 median sale price of $900,000, which exceeds the national median of $800,000. However, this heightened demand is met with limited supply, as indicated by only 12 newly built townhouse listings on TradeMe as of February 2024.

Tauranga's scarcity of townhouse rentals accentuates the urgent need for quality rental properties. Historical data underscores the market's potential, with Tauranga's peak occurring between May and September 2022, boasting a median sale price of $1,020,000, surpassing the national average.

Investing in Tauranga's townhouse market presents opportunities for capital appreciation and rental income. By addressing the demand for warm rentals, investors can capitalise on a lucrative market and contribute to fulfilling the community's housing needs, thereby fostering positive growth in the local economy.

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