Campaign Proposal and Appraisal - 8 Westwood Terrace
8 Westwood Terrace, St Marys Bay, Auckland
06/06/2025
Shaoshan Guo - Westwood Investment Ltd
Thank you for the opportunity to provide a updated market appraisal for your development
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
Property Description
Two substan al luxury homes as part of the Westwood Terrace Development in highly desired St Marys Bay, Auckland.
Sited on compact freehold tles, these homes are a contemporary alterna ve to a tradi onal villa or high end apartment living
A er research, your home is sure to a ract a en on from a number of buyer groups including
Professionals wan ng to secure a brand new home in one of Auckland's most sought a er suburbs
High net worth clients looking for a residence that aligns with their success
Down-sizers from Herne Bay, St Marys Bay, Remuera, and Parnell wan ng a lock and leave home with minimal upkeep
Buyers looking for a luxury Auckland base
Ex pat professionals returning to Aotearoa New Zealand.
The market is currently in a stable state with property prices not expected to undergo any significant movement in the next 2-3 years with a return to the post COVID peak prices (seen in Auckland) predicted to eventuate in late 2028
This is an ideal me to sell in a stable market that shows indica on of a return in sales numbers and business confidence
We have seen
A reduc on of DOM (average days on market) in your area
There are increasing numbers of “under the hammer sales” and pre auc on offers
We have appraised your property as detailed in the following pages and would envisage an improvement on sales prices as the market recovers
When you feel it is me to move on with your future plans, we are commi ed to con nue our work with you to ensure that we maximize your property value come sales day
This Compara ve Market Analysis provides an es mate of the probable selling price for 8 Westwood Terrace, St Marys Bay
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: $6,600,000
Land value: $6,600,000
Valua on ref: 12/2600060000
Valua on Date: 2021
Improvements: $0
Land Area: 0
Floor Area: 0 m 2
Bedrooms: 0
Bathrooms: 0
Car Spaces: 2
Building Age: 0
Council Rates: $13,862
Zoning: Mixed Housing Suburban Zone
Wall Material: Mixed Materials
Roof Material: Colour Steel
Property Descrip on
The sale price of comparable proper es in this report range between $3,275,000 and $7,750,000
Es mated Appraisal Price
Based on the selected proper es that have sold nearby, this property is likely to sell for your indica ve pricing of $4,300,000 and $6,000,000
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 subject proper es, with the poten al to be more in a compe ve buying situa on, to sell at your pricing level of:
2/8 Westwood Tce $6,000,000
3/8 Westwood Tce $4,300,000
We are pleased to con nue to offer you our Execu ve Client rate of a flat rate of 2 5% of the purchase price plus Base Fee of $950, plus GST which would equal
2/8 Westwood Tce $150,950 + GST
3/8 Westwood Tce $108,450 + GST
This would be a saving of $7,500 per commission on our standard commission fee of:
A base fee of $950 00 and a standard commission of 4% on the first $500,000 and 2 5% therea er plus GST
Our commission is performance based and is only chargeable when we bring you an offer that you are happy to accept for your property
As per our long standing rela onship, you have our utmost commitment to seeing this project through to the end and ensuring we obtain a premium price for you in any market
Legal Description: Fee Simple, 1/1, Lot 6 Deposited Plan 29740, 1,464 m2
Registered Owners: Westwood Investment Limited
Current Instruments:
Fencing Agreement in Transfer 339017 - 10.10.1941
Subject to a right to pedestrian access over part marked A on DP 498322 created by Easement Instrument 10483590.1 - 25.11.2016 at 4:08 pm
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.
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.
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.
