Warren Apartments Limited - Anthony Corin as Director
Thank you for the opportunity to provide a current market appraisal for your property.
The content of this submission includes a strategic marke ng plan that will help us to achieve the best possible results in the current market
The following pages include recent suburb sales data and demographics, some sugges ons for a marke ng investment, and a li le bit of informa on about us, along with genuine feedback from our clients following the sale of their homes
We understand that the sale of your property is important and want to assure you that we take the marke ng and sale of your property seriously
Our aim is to provide the best possible service and the best results, every me
We’re proud to be supported by Now Realty Group, one of New Zealand’s top performing Ray White franchises and backed by the fastest growing real estate brand in the country
On behalf of our team and Ray White’s Now Epsom, we look forward to working with you
Warm regards,
Stuart & Murray
Ray White Epsom
027 574 7659 | stuart robertson@raywhite com
027 466 2660 | murray.dow@raywhite.com
Property Description
A quality development of 10, three level townhouses built using the latest energy efficient building prac ses This has created a community of quiet, low maintenance homes enjoying a consistent temperature no ma er what the season
Sited on a private right of way se ng and posi oned to take advantage of the sun and views, The Warren has introduced a new standard of suburban living to the market
The handy loca on is just a short distance from Three Kings Village, and handy to Royal Oak and Mount Eden Villages There is no be er loca on for proximity to the CBD, motorways and transport
The wider area has seen a con nued appeal with solid sales ac vity during this challenging market
A er research, we have iden fied The Warren should appeal to buyer groups including:
First home buyers looking at their ini al step up the property ladder
Astute investors looking to add value and obtain a rental income
Down-sizers from the area wan ng a more compact home
Empty nesters looking for secure easy living alterna ves.
The market is currently in a stable state with property prices not expected to undergo any significant movement in the next 2-3 years
This is an ideal me to sell and to u lise the gains for future projects The latest OCR announcement and more to come may further s mulate the market
During recent sales campaigns
A reduc on of DOM (average days on market) in your area
Many homes being sold by auc on have a DOM of around 21 -28 days
There are increasing numbers of “under the hammer sales” and pre auc on offers
When you feel it is me to move on with your future plans, we are here to work with you to ensure that we maximize your development's poten al come sales day
Comparative Market Analysis
Prepared for: Warren Apartments Limited - Anthony Corin as Director
Subject property: 25 Warren Avenue
Prepared on: 29 May 2025
Prepared by: Stuart Robertson and Murray Dow
This Compara ve Market Analysis provides an es mate of the probable selling price for 25 Warren Avenue, Three Kings
The es mated selling price is based on other proper es deemed 'comparable' - either sold or currently for sale in the area, plus suppor ng market informa on
Descrip on
Capital value: $2,550,000
Land value: $2,500,000
Valua on ref: 2251/24600
Valua on Date: 2021
Improvements:
Land Area: TBA
Floor Area: Mixed m 2
Bedrooms: 2-3
Bathrooms: 2-2 5
Car Spaces: 1
Building Age: 2025
Council Rates: $6,129
Zoning: Terrace Housing and Apartment Building Zone
Wall Material: Insulated Concrete Formwork
Roof Material: Colour Steel
Property Descrip on
The sale price of comparable proper es in this report range between $905,000 and $1,490,000
Es mated Appraisal Price
Based on the selected proper es and taking into account your build quality, projected values the townhouses could a ract buyer interest between $1,280,000 - $1,400,000
Map of Property
Prepared for: Warren Apartments Limited - Anthony Corin as Director
Subject property: 25 Warren Avenue
Prepared on: 29 May 2025
Prepared by: Stuart Robertson and Murray Dow
Map of Comparable Properties
Prepared for: Warren Apartments Limited - Anthony Corin as Director
Subject property: 25 Warren Avenue
Prepared on: 29 May 2025
Prepared by: Stuart Robertson and Murray Dow
Prepared for: Warren Apartments Limited - Anthony Corin as Director
Subject property: 25 Warren Avenue
Prepared on: 29 May 2025
Prepared by: Stuart Robertson and Murray Dow
Nearby Sales
Prepared for: Warren Apartments Limited - Anthony Corin as Director
Subject property: 25 Warren Avenue
Prepared on: 29 May 2025
Prepared by: Stuart Robertson and Murray Dow
Nearby Sales
Prepared for: Warren Apartments Limited - Anthony Corin as Director
Subject property: 25 Warren Avenue
Prepared on: 29 May 2025
Prepared by: Stuart Robertson and Murray Dow
Nearby Listings
Prepared for: Warren Apartments Limited - Anthony Corin as Director
Subject property: 25 Warren Avenue
Prepared on: 29 May 2025
Prepared by: Stuart Robertson and Murray Dow
Nearby Listings
Prepared for: Warren Apartments Limited - Anthony Corin as Director
Subject property: 25 Warren Avenue
Prepared on: 29 May 2025
Prepared by: Stuart Robertson and Murray Dow
Our Recommendations
Your property would receive wide market attention when launched as part of a strategic and targeted marketing campaign, attracting qualified buyers competing for the chance to secure your property.
The most effective sales method in the current market is sale by public auction The first stage of our marketing process is crafted to ensure the following benefits:
Time-Limited Campaign: This approach minimizes your days on the market by creating a sense of urgency among buyers
Focus on Buyer Value: By removing price focus, we highlight the current value buyers place on the property, thereby attracting genuine interest
Unconditional Readiness: Buyers are prepared to make unconditional offers, streamlining the sale process
Competitive Environment: The auction format fosters competition among buyers, rather than pitting them against you, the seller
Pre-Agreed Terms: Buyers agree to your terms and conditions before bidding begins, ensuring clarity and efficiency
Seller’s Motivation: An auction signals to the market that you are motivated and committed to achieving a sale
Prepared Agreements: Sales and purchase agreements are prepared in advance, enabling us to obtain offers in writing promptly and with urgency
Ongoing Communication: After every open home or inspection, we will provide a detailed call and weekly written reports, including buyer feedback, to keep you informed and support your decision-making process on sale day.
Stage Two: Conditional Negotiations
Should the auction not achieve an acceptable level of bidding, our marketing plan includes a second stage where we will engage with buyers on a conditional basis This ensures that we have a plan in place to secure the best possible outcome for your property. We are confident that this strategic approach will position your property to attract the attention it deserves and ultimately achieve a successful sale
Commission Calculation
Based upon the recent sales and taking into account the current market condi ons, we appraise the value of The Warren (with the poten al to be more in a compe ve buying situa on) within the range of:
$1,280,000 to $1,400,000
With a base fee of $950 00 and a standard commission of 4% on the first $500,000 and 2.5% therea er, the es mated commission based on the mid-range sale price of $1,340,000 would equal
$41,950 (plus GST)
We are pleased to be able to offer you our Valued Client Discount of a flat rate of 2.5% of the purchase price plus Base Fee of $950, plus GST would equal $34,450 (plus GST)
This would be a saving of $7,500 on each unit (excluding GST) on the mid range sale price
This approach has been conserva ve in nature due to the uncertain market With a strategic campaign and crea ng compe on/buyer demand the final sale prices may be higher
Our commission is performance based and is only chargeable when we bring you an offer that you are happy to accept for your property
This appraisal is calculated on Code Compliance and all council requirements being met at the me of comple on
We highly recommend you complete the presenta on works that we discussed at our mee ng, as this could add significant value in the eyes of the buyers
The only certain way of ascertaining market value is from qualified buyers wan ng to purchase during the sales campaign
Residential Insights
Prepared for: Warren Apartments Limited - Anthony Corin as Director
Subject property: 25 Warren Avenue
Prepared on: 29 May 2025
Prepared by: Stuart Robertson and Murray Dow
Residential Insights
Prepared for: Warren Apartments Limited - Anthony Corin as Director
Subject property: 25 Warren Avenue
Prepared on: 29 May 2025
Prepared by: Stuart Robertson and Murray Dow
Demographic Insights
Prepared for: Warren Apartments Limited - Anthony Corin as Director
Subject property: 25 Warren Avenue
Prepared on: 29 May 2025
Prepared by: Stuart Robertson and Murray Dow
Title Details
Prepared for: Warren Apartments Limited - Anthony Corin as Director
Subject property: 25 Warren Avenue
Prepared on: 29 May 2025
Prepared by: Stuart Robertson and Murray Dow
RECORD OF TITLE
DERIVED FROM LAND INFORMATION NEW ZEALAND
Address: 25 Warren Avenue, Three Kings
Identifier: NA1646/96
Land Registration District: North Auckland
Date Issued: 1959-04-22T00:00:00
Prior References: NA125/130
Estate: Freehold
Legal Description: Fee Simple, 1/1, Lot 4 Deposited Plan 46484, 1,161 m2
Registered Owners: Warren Apartments Limited
Current Instruments:
Subject to a right of way over part created by Transfer 618588
Mortgage to Fortress Capital Finance Limited - 28.2.2024 at 4:53 pm
Subject to a right of way over part created by Transfer 619525 - 22.4.1959
Fencing Agreement in Transfer 619525 - 22.4.1959
Mortgage to Ezra Karon - 28.2.2024 at 4:53 pm
Appurtenant hereto is a right of way created by Transfer 619525 - 22.4.1959
Appurtenant hereto is a right of way created by Transfer 618588
The information provided on this Title Details form acts as a guideline only As a result, Relab cannot and does not provide any warranties or assurances of any kind in relation to the accuracy of the information provided through this report Relab will not be liable for any claims in relation to the content of this report.
Nearby Schools (Secondary)
Prepared for: Warren Apartments Limited - Anthony Corin as Director
Subject property: 25 Warren Avenue
Prepared on: 29 May 2025
Prepared by: Stuart Robertson and Murray Dow
This school data from the Ministry of Education Please advise that school zones and other details are subject to change and you should not rely on this information alone To check current boundaries or other details you should contact the school concerned Relab accepts no responsibility for any action taken on the basis of information provided below, or for any errors or omissions.
Nearby Schools (Secondary)
Prepared for: Warren Apartments Limited - Anthony Corin as Director
Subject property: 25 Warren Avenue
Prepared on: 29 May 2025
Prepared by: Stuart Robertson and Murray Dow
Our Lady Sacred Heart School (Primary/Intermediate) Not zoned 1.81km away - 8min drive
Nearby Schools (Primary)
Prepared for: Warren Apartments Limited - Anthony Corin as Director
Subject property: 25 Warren Avenue
Prepared on: 29 May 2025
Prepared by: Stuart Robertson and Murray Dow
This school data from the Ministry of Education Please advise that school zones and other details are subject to change and you should not rely on this information alone To check current boundaries or other details you should contact the school concerned Relab accepts no responsibility for any action taken on the basis of information provided below, or for any errors or omissions.
