Welby Place Māngere West
Māngere West is an exciting location nested in a growing and diverse community. Our Welby Place location has much to offer and we're confident we will have a home that suits your family and lifestyle. With handy motorway connections to the CBD, Manukau and Airport and access to amenities, Māngere West is an ideal place to live.
Welby Place is a quiet and peaceful residential street compared to the busier parts of Māngere. This site will offer 2, 3, and 4 bedroom architecturally designed homes. Enjoy low maintenance living in a brand-new home and vibrant community.
2 Bedroom
Market price is from $670K
With Shared Ownership your 60% share will be from $402K including deposit.
Weekly mortgage repayments would be approximately $538 per week, based on a 30-year term and a 6.5% interest rate.
With Shared Ownership your 60% share will be from $402K including deposit.
Weekly mortgage repayments would be approximately $538 per week, based on a 30-year term and a 6.5% interest rate.
3 Bedroom
Market price is from $790k.
With Shared Ownership your 60% share will cost from $474K including deposit.
Weekly mortgage repayments would be approximately $634, based on a 30-year term and a 6.5% interest rate.
With Shared Ownership your 60% share will cost from $474K including deposit.
Weekly mortgage repayments would be approximately $634, based on a 30-year term and a 6.5% interest rate.
4 Bedroom
Market price is from $855k.
With Shared Ownership your 60% share will cost from $513K including deposit.
Weekly mortgage repayments would be approximately $686 per week, based on a 30-year term and a 6.5% interest rate.
With Shared Ownership your 60% share will cost from $513K including deposit.
Weekly mortgage repayments would be approximately $686 per week, based on a 30-year term and a 6.5% interest rate.
Frequently Asked Questions
What is “Shared Ownership”?
With Shared Ownership, you purchase a majority share of the home and we buy the rest. Over time, and as you can afford it, you buy our share out until the home is entirely yours.
If I’m not a first home buyer, can I buy a Housing Foundation home?
Yes, Housing Foundation do sell a small number of new homes on the open market to buyers who intend on living in the home. You’ll need to arrange your own bank finance. Talk to us about this option – we’ll be happy to help.
Can I purchase a Housing Foundation home as an investment to rent out?
No. Investors are not able to buy Housing Foundation homes.
Are pets allowed?
Most pets are allowed subject to normal Council conditions and the local Residents’ Association rules. Most Housing Foundation homes are not suitable for larger animals.
What appliances will be supplied?
Housing Foundation will supply an under-bench oven, cook top, and the range hood. No dishwasher is supplied but a space is left in the kitchen for one.
Are the homes freehold?
All the homes are freehold title. There is no Body Corp involved. However, we are planning to have a Residents Association that will have responsibility to maintain the common areas. The annual levy would be in the vicinity of $50 per year.
Who is Housing Foundation?
Housing Foundation is a not for profit housing charity that builds new homes for first home buyers. Its focus is primarily on helping families buy their first home using its Shared Ownership programme. It also sells a small number of homes on the open market.
What has the Housing Foundation built before?
Housing Foundation has been operating for over 20 years and built or funded more than 1100 homes across Aotearoa New Zealand, helping hundreds of families achieve their dream of home ownership.
Who else does Housing Foundation work with?
Housing Foundation partners with developers, councils, iwi, banks and other housing organisations.
Does Housing Foundation have social housing?
We do not have any social rental homes in our Welby Place development.