Revolucion, Mountcook, Wellington, off the plan dual key apartments
Revolution is a well designed project with high quality and low maintenance dual income apartments. With an expected gross yield of 8.1% and a net yield of 6.0% (on the cash component), its forecast to perform well above the gross yield for the area, due to the two income streams from one title configuration.
Revolution has strong potential for growth with it being located on the southern city fringe with a growing population. This is being built by an experienced developer, who keeps a high percentage of the properties in all of his developments.
Key investment results
Release date: 2014
Results date: 2018
Stock quantity: 30
Timeframe: 4.0 years
Equity gain through value gain buying off the plan.
Off the plan dual key apartments
Purchase price: $464,000
Value at end: $580,000
Deal profit: $116,000
Deal profit: 25%