9 Marlene Ave, Te Atatu South, Auckland TOWNHOUSES

  • Well designed, high quality, low maintenance townhouses in strong rental demand location.

  • Boutique development of 2 duplex homes and 5 terraced homes

  • 7 x 2 bedroom townhouses

  • Opportunity for additional capital growth before settlement in late 2020

  • Prices: $649k - $675k

  • The West Auckland market is a consistent long term performer.

  • Extensive investment in public transport and motorway widening is progressively reducing commuting times to the CBD


Strategy: Off the plan
Upside: Growth prior to settlement
Rent: Unfurnished / Furnished
Lending: 80% LVR
Deposit: 10%
Deposit type: Cash, equity
Title: Freehold


Type: Townhouse
Beds/Baths: 2+1.5
Carparks: 1 car park off street
Internal floor area: 75 - 77 sqm
Land size:


Dwelling type: Townhouses
Market rents 2 bed: $450 - $470 p.w.
Median gross yield: 4.5%
Median sale price 10 years: +111%
Median sale price 20 years: +280%
Capital growth (20 years): 7.3% p.a.

Te Atatu South Townhouse MARKET PERFORMANCE

Townhouse median sale price July 19: $780,000

Townhouse sales volume: 210 per year


Townhouse days to sell: 41

Townhouse sales value: $170 million per year

Market data sources: Real Estate Investar, Tenancy Services, REINZ, One Roof


Dwelling: 2 bedroom townhouse
Purchase price: $649,990
Deposit: 10%
Weekly cost to own: $702
Occupancy: Sole


Dwelling: 2 bedroom townhouse
Purchase price: $649,990
Deposit: 10%
Weekly cost to own: $405
Occupancy: With flatmate/s


Assessed rent 2 bed: $580 - $640 p.w
Year 1 cashflow: 2 bed +$49 p.w
DSR: 1.3
Gross yield: 4.5%


To reserve a property, request a contract, provide the details requested in the form and we will issue a conditional contract to you for signing. You have up to 48 hours from receipt of the contract to sign, or the property may be released to another buyer. This is not a binding commitment until the contract documents are issued and signed by both parties. Your contract will include a conditional period to enable you to complete due diligence and confirm finance. Until your contract goes unconditional, you are not obligated to purchase the property.


  • Loan length: 30 years

  • Interest rate: 3.75%

  • LVR: 100% Investors / 90% Home Buyers

  • Rates: $2,500

  • CPI: 3.0%

  • Capital Growth: 7.3%

  • Valuation: Matches listing prices

  • Legal/Loan fees: $2,000

  • Rent: Market rents appraised by property manager

  • Body Corporate: N/A

  • Property Manager: NIL

  • First Home Buyers/Investors current rent: $450 p.w.



Project overview

This boutique development of 2 Duplex Homes and 5 Terraced Homes will be popular amongst First-Home-Buyers and Investors alike. 2 beds with 1 full bathroom plus a second toilet on the ground floor. Allocated car park with each of the townhouses is included in the price.


  • Full brick cladding

  • Well-apportioned, yet low-maintenance landscaping

  • The latest in insulation and double glazing windows

  • Open-plan living

  • 2nd, guest toilet on ground floor

  • Great indoor-outdoor flow

  • High-end appliances

  • Heatpump

These warm and dry homes are conveniently located:

  • Easy access onto the Motorway

  • Backs onto parkland (including children’s playground 200metres away)

  • Walking distance to supermarket and shopping

  • Café’s close by

  • Good schooling less than 500m away

Auckland Overview

Auckland home buyers need to get in quick - city house prices could leap to record highs by this time next year, one property pundit predicts. Infometrics economist Paul Barkle says that while Auckland house prices have stagnated for close to two years they are set for an almost 10 per cent jump next year followed by sustained increases through to mid-2022. Behind the forecast price rise is an acute shortage of houses. By Barkle’s estimate the city needs at least 45,000 more homes. But the news is not so rosy for homeowners outside the Super City, with national prices poised to ease next year from current record highs.

“By the end of next year we expect house prices in Auckland to be 9 per cent higher than in December 2018 compared to a slight decline in national prices of roughly 1 per cent over the same period,” Barkle said. Should Barkle’s forecast play out, it would push Auckland property values to new highs. Last month, the city’s median price reached $867,000 - or 3.7 per cent below the record price of $900,000 set in March 2017, according to the Real Estate Institute of NZ.
(Exert from Article originally appeared on nzherald.co.nz on December 29, 2018)