Property of the week

Here’s a sneak peek at what’s on our watchlist today

180C Colombo St, Beckenham


Price  Enquiries over $509,000
Bedrooms 3 bedrooms
Bathrooms 2 bathroom
Property type Townhouse
Floor area 153m²
Land area 251m²
Parking Double garage

This is a low maintenance two-storey three bedroom freestanding townhouse, the third and last from the street in a private and quiet setting.

This house was built in 2009, fully insulated with double glazing, underfloor heating and heatpump, so is warm and toasty.



These are our assumptions:

Purchase this investment property worth $509,000
With a cash deposit of $0.00
We expect capital gains at a rate of 4.50%
The average interest rate over 10 years will be 4.30%
Rents and expenses increase at a rate of 3%
We assume a rate of vacancy at 5%
Your weekly rent expectation in year one is $480.00
This is what we’ve calculated:
Gross yield year one 4.90%
Net yield year one 3.12%
By year ten you will have made $203,919
You’ll have gained this much equity $243,422
Over the 10 year period your total cash flow will be -$39,503
That will be a weekly average cash cost of -$76

Property Investors Club turns everyday kiwis into successful property investors and manages the entire process for them.

Other things:


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+0800 943 534


Property Investors Club
Stranges Lane, Cnr Lichfield & High Street