Client Property Profile
As Buyer’s Agents, the team at Erskine + Owen take great pride in finding the perfect property to fit every client’s specific requirements for an investment property. Here is a recent example of a property acquired for a client which is expected to provide both a solid rental income, and growth in equity.
Land: Fee Simple – 771 m2
Dwelling: 1970’s brick exterior, cedar trim, tile roof
Configuration: 4 bedrooms, 2 bathrooms, 2 toilets
Garage: Single plus room downstairs, double carport
Tenancy: Estimated rental range $600 to $630pw
Renovation: Rentable condition
The Property’s Story
This property was for sale by negotiation, and the agreed purchase price was very prudent buying for the current market.
Our client’s goals were to make an investment they could hold long term with the view to generate capital growth. The location, land and property type mapped well to achieving our client’s goals. The location in close proximity to the Avondale Rd reserve and borders the Whau River which provides easy access for water activities. This property had undergone a complete renovation, to a standard well suited for the area, and which will allow them to optimise the rental return for the location. It has 5 bedrooms, 2 bathrooms which also offers the potential for an increased yield. Avondale is a gentrifying 2nd tier city fringe suburb that has close access to motorways in all directions, as well as being served by the train line. Reliable transport solutions are increasingly important with Auckland’s rapid population growth.
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