This is a larger development where the existing dwelling will be demolished on building consent.

We aim to construct 8 – 2 story terraced houses on site. (Consent dependent)

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: 6-9 Months
• Construction: 6-7 Months
• Sales: 2-3 Months

We estimate the project to be completed withing 15-18 months. (With a planned contingency of up to 24 months)

The Property Settlement date was 30 November 2021, and consent applications, building contracts and Architectural designs to start following settlement.

The Property is a 1158 Square Meter site.

The Layout (From a similar project) will be similar to the below – although Planned designs will be dependent on the consents.

The units will consist of 8 Terraced houses with:

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

Target Sale price for each unit is estimated in the current market of $725,000.