Newly completed home in Hanley's Farm, Queenstown

Circa 5.8% Rental Return + Capital Growth

The rental return is $92,300 per annum with fixed term tenancies until March 2025.

In July 2024* there was a 5.2% capital growth or circa $80,000 per annum.

Based on these amounts the total return could be circa $170,000 per annum.

Where else could you get both this sort of rental and capital return?

It’s an almost brand-new house; completed in March this year. Comes with the balance of one year maintenance and 10 years structural warranty. This low maintenance property has Linea Oblique weatherboards and Colorsteel exterior walls and an easily maintained garden. Any maintenance costs should be extremely low.

The main house has everything you need, such as, 3 bedrooms, two bathrooms, double garage, walk-in robe, heat pump, curtains and a north-facing sunny backyard. The house is rented for $1,050 per week.

The two-bedroom unit is fully self-contained with a bathroom and its own kitchen with space for washing machine/dryer, car park and fully fenced for privacy. The unit is rented for $725 per week.

There is a shortage of rentals so it’s possible to get 100% occupancy. There’s a regular bus service which also appeals to renters. Queenstown tends to attract a high calibre of tenants which can make being a landlord much easier than the rest of the country.

The new rates are $2,674 per annum.

There’s extensive landscaping will only add more value as the plants grow more. The corner site feels spacious and gets unimpeded jaw-dropping views of The Remarkables mountain range.

Walk to the award-winning playground, childcare centre, Farmhouse Café, primary school and community garden.

Short drive to Remarkable ski field, domestic/international airport and shopping centres. Hanley’s Farm is a highly sought-after village adjacent to the international Jacks Point golf course. The road is now open between Hanleys Farm and Jacks Point for easy access to the Club House restaurant, new retails shops and medical centre.

Please contact Michael on 021 466 778 or michael.morel@goldenhomes.co.nz for an information pack or viewing by appointment only.

* Based on REINZ statistics