Yes, you can still buy properties in Auckland with built in equity
This West Auckland property brought for our offshore client presents with a number of classic features that will lead to good capital growth over the medium to the long term –
- Large full site, 1012m2
- Floor area 210m2
- 1960’s weatherboard bungalow, with a concrete block base and an iron roof
- Upstairs: 3 bedrooms and 1 bathroom
Downstairs: 4th bedroom, second living area, second toilet downstairs
- Single garage plus carport
Recently renovated and immediately rentable, this property located in a quiet cul de sac with good street appeal has a lot to offer tenants. Close proximity to local amenities, in zone for good quality schools and nicely presented it has excellent storage and plenty of off street parking.
Purchased for 1,098M our clients were pleased when the property came in with a registered valuation of 1,250M – so built in equity of 152K at time of settlement.
At time of publication this property was being advertised for rent by our sister company Point Property and Portfolio Management, for an anticipated rental of $670.