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Trademe properties colwill road 007 min

This is a case study of a development I recommended on Colwill Road in Auckland. You'll see how it stacked up as an investment, and how it compared with 2 similar developments in Massey. 

Please note that this property is not currently available and has already been recommended to an investor. The statistics provided were accurate at that time, but may now be outdated.

#1 – It was a better deal than comparable properties

To be considered a good investment, a property must offer a competitive price compared to others on the market. Here's how Colwill Road stacked up against two similar developments in Auckland at the time:

  • Impatiens Lane: $90,000 more expensive than Colwill Road, despite similarities.
  • Lawson Creek: $60,000 cheaper than Colwill Road, but significantly smaller (2 bedrooms, 90m2 floorplan).

Colwill Road emerged as the more affordable 3-bedroom option, even though Impatiens Lane offered 45m2 more space.

#2 – It had the highest gross yield

To gauge investment potential, we consider the gross yield, a widely-used metric that measures rent income compared to property value.

  • Colwill Road: Had the highest gross yield at 4.82%
  • Impatiens Lane: Followed with a yield of 4.14%.
  • Lawson Creek: Lagged behind with a yield of just 4.07%.

Interestingly, the varied rental incomes among these properties, despite their proximity in the same suburb, reflected the importance of location in Auckland. 

Colwill Road's prime location contributed to its higher yield.

This example demonstrates that the cheapest property isn't necessarily the best investment.

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Andrew Nicol

Managing Director, 20+ Years' Experience Investing In Property, Author & Host

Andrew Nicol, Managing Director at Opes Partners, is a seasoned financial adviser and property investment expert with 20+ years of experience. With 40 investment properties, he hosts the Property Academy Podcast, co-authored 'Wealth Plan' with Ed Mcknight, and has helped 1,894 Kiwis achieve financial security through property investment.

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