Why consented sites with holding income are a gold mine

In the current market, development opportunities must be carefully assessed. Rising construction costs, extended consent timelines, and subdued resale prices mean that only a select few projects truly make sense. 11 School Road, Sandringham is one of those rare sites that offers genuine potential, both immediately and over the longer term.

1. Resource Consent in Place

One of the most significant advantages of this site is that it comes with resource consent already granted for five terraced homes. This removes a major barrier to development, saving both time and considerable cost. For developers seeking a faster route to market and fewer uncertainties, a consented site is highly valuable.

2. Holding Income from Existing Dwelling

While planning your build or managing presales, the existing six-bedroom home on the site can generate holding income. This reduces financial pressure and helps maintain cash flow during the pre-construction phase. Few sites offer this kind of income buffer, and it is a major advantage in a cautious market.

3. Northwest Aspect Enhances Resale Appeal

The property’s northwest orientation ensures excellent natural light, particularly in the afternoon and early evening. This improves overall liveability and directly contributes to buyer appeal. Well-designed homes on sunny sites consistently achieve better market traction and resale value.

4. Highly Sought-After Location

Sandringham is a well-established, high-demand suburb with close proximity to Auckland’s CBD. The area is known for its vibrant village, strong school zones, public transport options, and established character. There is consistent buyer and tenant demand for modern, low-maintenance housing in this location, making it an ideal site for residential development.

5. Flat, Practical Site for Streamlined Construction

The land is flat and easily accessible, which allows for efficient construction without the added complexities of steep gradients or difficult access. This can result in faster build times and reduced overall costs, a key factor when margins are tight.

Conclusion

11 School Road, Sandringham offers a rare combination of attributes: a consented site with immediate development potential, holding income from an existing dwelling, favourable orientation, and a proven location. For developers or land investors seeking a project that aligns with current market conditions, this property represents a compelling opportunity.

For further details or to arrange a private inspection, please contact:

Craig Watkins021 308 021Mint Real Estate Licensed Agent REAA 2008