avenue, auckland off the plan apartments

A new suburban apartment community in the heart of South Auckland, Avenue Apartments provide 119 architecturally designed apartments over three levels within a secure, gated, suburban community located in a prime commuter belt. Avenue Apartments provide an excellent investment opportunity in a prime commuter belt. Ideally positioned in a suburban setting just five minutes away from the bustling “Ponsonby of the South” Mangere Bridge, a short 15 minutes drive from Auckland Airport and within 12 minutes from the busy industrial employment hub of Otahuhu.

Key investment results

  • Off the plan apartments

  • Purchase price: $456,174

  • Value at end: $500,000

  • Deal profit: $43,826

  • Deal profit: 10%

  • Release date: June 2017

  • Results date: June 2019

  • Stock quantity: 23

  • Timeframe: 2.0 years

  • Equity created through value gain over time. End value is estimate only

The median property price in Auckland rose 20% in 2016 to $975,000
— The Property Factory

In partnership with Downey Construction, one of the central North Islands largest construction contractors, form the development team for Avenue Apartments. Downey have a 22-year history building significant projects for clients as diverse as Fonterra, Red Bull, Waikato Milking Systems and Winger Motor Group and have a track record for bringing in design led projects on time and on budget. The Du Val & Downey partnership has developed or is in the process of developing approximately $400 Million of property across Auckland.