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  1. #471

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    Anyone know anything about 70 Pitt Street, The Chatham (48 Apartments in good location)
    http://cdn1.ep.dynamics.net/s3/rw-me...ty=95&_ex=.jpg

  2. #472
    Join Date
    Sep 2008
    Posts
    7,056

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    built 2009? - good
    48? apartments

    google will tell you lots

    http://www.nzherald.co.nz/property/n...ectid=11691951
    have you defeated them?
    your demons

  3. #473

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    Quote Originally Posted by eri View Post
    wouldn't imagine there is much difference between 10 fl building and 25fl building

    the best would be a new build by a reputable builder with low BC

    there is going to be a bit of a glut of them next year but they will all be >$10k/m2

    find an area you like

    an aspect you can live with

    a size that is affordable and you should be ok
    Thank you Eri,

    by any chance if you know apartments that have one bedroom plus a study and two bathrooms.
    The study room appears big enough to put a bed in, any potential problems in case of renting this room out?

  4. #474
    Join Date
    Oct 2013
    Posts
    1,471

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    Quote Originally Posted by eri View Post
    it is also questionable if any damage they cause to the building is covered by the BC insurance.....ie if a tenant damages a lift they tenant is charged with the repair, if an airbnb has come and gone they then need to chase the owner
    ....
    with better airbnb agents the system will work better
    The AirBnB agent I use (barely 60% happy with them, so not going to recommend or rubbish publicly) holds an insurance policy that covers this sort of damage.
    AAT Accounting Services - Property Specialist Accounting - AATAccounting.co.nz
    Lower fees for investors, traders & real estate agents!
    [email protected] for more information.

  5. #475
    Join Date
    Sep 2008
    Posts
    7,056

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    it's all a bit confusing without actually seeing the apartment

    <30m2 studios are often listed as 1 bedroom, which doesn't differentiate them from >40m2 apartments with separate living rooms + bedrooms

    many 2 bedroom apartments built by conrad, volt, aura, altitude, harvard, stanford, zest, about 2005 have 1 room with only a window into the living room, but those rooms can just fit a dble bed

    other apartments have outside windows in all bedrooms but most of the rooms are too small for a dble. kiwi on queen, the larger apartments in harvard, stanford

    some agents list any room that can hold a bed as a bedroom, but council now doesn't class some of those rooms as bedrooms and won't allow developers to sell them as bedrooms so they are called flexi rooms....most of the new builds

    likewise bathrooms

    most have a toilet next to the shower, a few actually have a bath, towerhill, century, a very few have the more sensible arrangement of a toilet in a separate room from the shower, embassy

    tetra got caught out between planning and final consent and has a bedroom a living room and 2 bathrooms

    to directly answer your question

    most of the new builds, like queens residences, have apartments in the 60m2 range with 2 bedrooms, 2 bathrooms for about $650-$750,000
    have you defeated them?
    your demons

  6. #476

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    Quote Originally Posted by eri View Post
    some agents list any room that can hold a bed as a bedroom, but council now doesn't class some of those rooms as bedrooms and won't allow developers to sell them as bedrooms so they are called flexi rooms....most of the new builds
    Hi Eri, actually I mean one bedroom with a flexi room in Queens or Park residences. Is this against the rules to convert it into a bedroom and rent it out? Any problems with council?
    thanks

  7. #477
    Join Date
    Sep 2008
    Posts
    7,056

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    not my area of expertise

    but certainly recent tenancy tribunal rulings

    coupled with the change of gov.

    their stated desire to increase the rights of tenants

    and raise the standard of rental accommodation


    would seem to work against making a long term investment decision based on the advertising of a flexi-room as a bedroom

    interestingly though

    the 2 x dble bedrooms in Volt have always had a technical limit of 3 occupants in the TA, placed by the BC during construction based on "load"

    tenants of course have felt free to ignore this without penalty as it's next to impossible to prove who is sleeping where without running afoul to the tenants right to peaceful enjoyment

    however it appears owners have now been successful in lobbying the BC to recalculate the services load on actual usage and not theoretical which has allowed the occupation limit to be raised from 3 to 4, per unit

    this may be because Volt (like all the cheap? well-located conrad blocks) is starting to attract more owner-occupiers who typically don't want to share their 40m2 apartments with 3 others
    Last edited by eri; 31-10-2017 at 09:39 AM.
    have you defeated them?
    your demons

  8. #478

    Default

    Ok, thanks Eri


 

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