One of New Zealand’s most successful developers has teamed with award-winning architects to create a versatile townhouse showcase in the heart of Paraparaumu.
FourKapiti, at 4 Kapiti Rd, will comprise 78 freehold townhouses within easy reach of everything that makes the Kapiti Coast community such a sought after place to live.
Due for completion in autumn 2022, the GibbonsCo development will offer a choice of two, three- and four-bedroom dwellings on their own titles, including 13 dual-key residences.
“The dual-key option provides great flexibility for owners and investors,” developer Kurt Gibbons says.
“Investors can choose to rent the townhouses as a three-bedroom unit or as a two-bedroom unit and a studio.
“Similarly, it allows owners the flexibility of living in a three-bedroom home or opting for two bedrooms and renting out the studio to help service the mortgage.”
He says a two-bedroom unit would rent from $620 to $670 a week and a studio for $275 a week. “Together, they would return more than a three-bedroom unit of the same size.”
The Novak+Middleton designs also will appeal to buyers wanting a low-maintenance or lock up-and-leave lifestyle in a prime location with its own microclimate, shops, eateries and public transport on the doorstep, and the beach and motorway within a minute’s drive.
“With the opening of Transmission Gully in September, the capital city will be only a 30-minute drive away from the comparative warmth of Paraparaumu,” Gibbons says.
Priced from $799,000, the townhouses will range in size from 77 square metres to 141sqm and come with a dedicated carport, parking space or garage.
The exteriors will boast a stylish combination of vertical stained cedar weatherboards and vertical profile metal cladding, which will be fixed over a cavity drainage system, and long-run steel roofing.
Kitchen appliances will include Fisher & Paykel underbench ovens, ceramic cooktops, dishwashers and rangehoods.
The kitchens also will have tiled splashbacks, granite or Uniquartz stone benchtops, and stained oak flooring while the bathrooms will have tiled floors.
“They will set the standard for laid-back living on the Kapiti Coast,” Gibbons says.
“As well as being fully double-glazed and insulated, with heat pump options, they’ll be on professionally landscaped sites with established trees and the choice of private courtyard gardens, decks or balconies.”
“These low maintenance homes are perfect for ‘lock-up and leavers’ or ‘lifestylers’ who would rather explore everything the Kapiti Coast has to offer than spend their weekends working on the house,” Sam Newbie and Nicki Cruickshank, of Tommy’s Real Estate, say.
“We’ve had interest from first-home buyers, investors and people buying a first home for their children.
“They recognise this as a rare chance to buy a new, architecturally-designed townhouse in the heart of Paraparaumu close to shops, schools, aquatic centre and train station while being handy to the motorway and beach.
“What’s more, the developer is one of the largest in New Zealand and is well known for delivering high-quality developments.”