Rawhiti Village Hamilton - Unlocked
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Rawhiti Village Hamilton
124 Commerce Street,
Frankton
2 2 0 1
Situated in the rapidly developing suburb of Frankton, the Rawhiti Village
development provides 2 bedroom townhouses just minutes from the Hamilton CBD.
The combination of stained timber and concrete creates a refined urban living
experience, which is located just 5 minutes walk from Frankton Train Station, the
Hamilton stop for the new Auckland to Hamilton commuter train Te Huia.
Experience the best Hamilton has to offer as a first home buyer, or purchase as a
low maintenance investment with guaranteed capital gains.
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See rental appraisal March 2021 Fee Simple
$2,100 TBC April 2023
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Available properties - Stage 2
Type 3: PU33, PU34, PU35
Type 1: PU56, PU57
Type 2: PU61, PU62, PU63
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Type 3 - PU33, PU34, PU35
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Type 1 - PU56, PU57 Type 2 - PU61, PU62, PU63
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Frankton, Hamilton
CBD Developments Limited, Chris Dinan
"Established in 2013 CBD Developments has become an well known name through out the Waikato.
Providing quality, award winning inner city living to the people of New Zealand. Chris has 24 years’
experience in the construction trade ranging from high rise developments, shop fit outs, high end
specialised houses & mansions throughout New Zealand and the United Kingdom. CBD Developments
have strong financial backing and have sold most of their products before the construction is
completed. Chris always says the apartments sell themselves and that CBD Developments are
privileged to have great craftsmen in the trade that take pride in their workmanship in our builds
delivering a great quality to our investors."
- Frankton
Frankton is one of the many micro-suburbs that make up the greater Hamilton region, which is
flanked to the east by Hamilton Central and to the west by Dinsdale. With it's central location and
proximity to the Frankton train station, it's an ideal location for both first home buyers and
investors. Frankton is approximately 2km west of the Hamilton Central Business District and provides
seamless access to everything you could need.
In terms of local amenities and facilities, we consider the subject to be adequately served and we
note some of the pertaining locational advantages to include:
- Proximity to local shopping facilities in Frankton or Hamilton Central
- Proximity to the Frankton train station - rail services to Auckland on Te Huia
- Situated within the school enrolment zones of Whitiora School and Fairfield College
- Hamilton
Hamilton is one of New Zealand’s fastest growing urban centres, with population growth continuing
and forecast to reach 210,000 by 2045 (Stats NZ). This rapid increase has resulted in average house
prices more than doubling in the last 10 years from 2011 to 2020 reaching a new high of $763,446
(realestate.co.nz). Due to low housing stock and tenants staying in rentals longer, Hamilton has one
of the tightest rental markets in the country. Median rent for 2 bedroom properties in Hamilton
Central is now $465 per week, with an upper quartile of $490.00 (Tenancy Services). New and off-
plan properties are achieving in the higher end of the median to upper quartile and this will continue
to increase with demand. Hamilton City Council is investing $2 billion in infrastructure projects over
the next 10 years, and the launch of the Te Huia rail link with Auckland in April 2021 makes Hamilton
more accessible than ever.
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Property Type Price Floor Area Land Area Location Bedrooms Bathrooms
PU33 Type 3 $610,000 74 m2 98 m2 Terrace 2 2
PU34 Type 3 $610,000 74 m2 98 m2 Terrace 2 2
PU35 Type 3 $610,000 74 m2 98 m2 Terrace 2 2
PU56 Type 1 $620,000 78 m2 102 m2 Terrace 2 2
PU57 Type 1 $620,000 78 m2 102 m2 Terrace 2 2
PU61 Type 2 $600,000 72 m2 99 m2 Terrace 2 2
PU62 Type 2 $600,000 72 m2 99 m2 Terrace 2 2
PU63 Type 2 $600,000 72 m2 99 m2 Terrace 2 2
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Rental Appraisal Rawhiti Village, Hamilton
31st March 2021
Simon Osner
Unlocked Real Estate
PO Box 33847
Takapuna 0740
Dear Simon,
Rental appraisal for properties situated at Rawhiti Village, Frankton, Hamilton
Thank you for the opportunity to present a rental appraisal for your properties.
The proposed two-level homes comprise 2 double bedrooms, one with an ensuite, and one with easy access to the
bathroom. Living is an open-plan lounge/dining/kitchen area.
The latest tenancy statistics for Frankton show 81 bonds have been lodged over the past 6 months for properties with 2
bedrooms with a lower to upper quartile of $390.00 to $465.00.
Given that the properties are new builds, they will be presented in excellent condition and as at today’s date I would
expect them to achieve a weekly rent of $500.00 to $520.00.
Although we endeavour to provide the most accurate information we can, this rental assessment does not purport to be
a registered valuation and it should be noted that rental values may change as market conditions fluctuate.
We are committed to achieving the best possible rental return on your property and have presented our
management offer below:
Management offer
• 6.9% + GST Property management fee
• 5% + GST on repairs and maintenance fee
• $0 inspection fee
• $349 + GST on property marketing costs, tenant background and credit checks for tenancy placements. This
cost applies per tenancy agreement.
• $99 + GST on smoke alarm compliance checks. This cost applies as an annual subscription, however covers all
visits and changes.
• $119 + GST Healthy Homes Standards compliance report (not necessary for newly built housing).
Please see the attached report and give me a call if you have any queries, I look forward to hearing from you.
Yours sincerely,
Connor Blake
Director
Omni Property ManagementRental Appraisal
Prepared for: Simon Osner
Date: 31st March 2021
We have taken the following factors into consideration when appraising your property:
• Features that the property offers
• Internal and government data
• Comparable properties within the area
• Current condition of the rental market (i.e. vacancy rates, supply and demand)
• The condition of the property
PROPERTY DETAILS
Rawhiti Village, Frankton, Hamilton
Address of Property
72-78 m2 98-102 m2
Land area (square
Dwelling area (square metres)
metres)
2021 2
Year built Number of levels
Type of dwelling Attached townhouse
2 2 (1 full bathroom,1
Number of bedrooms Number of bathrooms ensuite)
1 -
Number of living areas Garaging (number)
-
Name of owner
- -
Owner’s email Owner’s phone number
COMPARABLE PROPERTIES
Current Listings for Rent No of listings Lower $ Upper $
TradeMe (2 bedroom properties – Frankton, Hamilton) 4 $470.00 $550.00
Average of rent of properties currently advertised: $490.00
Comparable No of Floor
General features Rent $
Properties currently bed/ area
listed for rent bath
106/1 Village Quarter New property, new appliances fitted, heat 2 bed/2 bath N/A $470.00
Lane, Frankton pump
5/232 Killarney Road, Modern kitchen, single garage, fenced 2 bed/2 bath 84m2 $470.00
Frankton courtyard
2/20 Marama Street, Modern, fully furnished, single garage 2 bed/2 bath N/A $550.00
FranktonBonds Lodged - Area Lower Rent $ Median Rent $ Upper Rent $
81 bonds received for 2 bedroom properties in Frankton $390.00 $430.00 $465.00
- Source: Tenancy Services – 1 Sep 2020 – 28 Feb 2021
COMMENTS
The proposed properties are two-level 2 bedroom townhouses with open plan kitchen and living area.
The properties are just 3 minutes drive from the Hamilton CBD and zoned for several local primary schools.
They are also within walking distance of public transport and the local amenities making it an ideal location for
working professionals.
The lack of comparable properties in this area is indicative of the lack of housing stock in Hamilton and
given the quality of the homes and the location, I expect them yield close to the upper quartile rent figures.
RECOMMENDATION
$500.00 to $520.00 per week
Rent range recommended
for this property (weekly)
Connor Blake 31/03/2021
Property Manager Date
This rental appraisal does not claim to be a registered valuation and it should be noted that rental values may change as
market conditions fluctuate.You can also read
