This is a larger development where the existing dwelling will be demolished once all consents are approved.

We aim to construct 8 x 2 story, 3 Bed terraced houses on site. We have received Resource- and Building Consent to start construction.

Our builder is very experienced, and uses specific ICF (Insulating Concrete Form) construction that offers better insulation, sound proofing, improved indoor air quality, better surface burning characteristics ratings among other things.

The biggest advantage over this type of construction is the speed of construction and the cost, which makes this ideal for investment purposes. This will also ensure that there are no future issues on the property, for instance leaky houses.

Project durations is expected to be as follows (From date of settlement):

• Building and Council Consents: 12 Months (Complete)
• Construction: 6-7 Months
• Sales: 2-3 Months

We estimate the project to be completed within 24 months. (With a planned contingency of up to 30 months)

The Property Settlement date was 30 November 2021, and consent applications, building contracts and Architectural designs have been completed as of April 2023.

The Property is a 1158 Square Meter site.

The units will consist of 8 Terraced houses with:

• 86 Square Meter Floor space
• 4 Units – 3 Bedrooms; 4 Units – 2 Bedrooms and Study
• 2 Bathrooms
• Parking
• Balcony on End Units 1 and 4.

Target Sale price for each unit is estimated in the current market of $825,000.