404/76 Wakefield Street, Auckland Central, Auckland

Located in the heart of Auckland Central at 404/76 Wakefield Street, this unique residential apartment offers a one-of-a-kind living experience with its one bedroom, one bathroom layout, and two balconies that provide extra natural light. Spanning 38 square meters in floor area, this property is constructed with concrete walls and an iron roof, both in good condition, and was built in 2005. It falls under the Unit Title ownership type, making it a perfect choice for those looking for a hassle-free property in a prime location. The apartment is situated on level ground, enhancing its accessibility and appeal.

The property has seen a fluctuation in its capital value, with a decrease from $360,000 in July 2017 to $310,000 in June 2021, marking a -13.89% change. However, the HouGarden AVM estimates its value at $342,500, and its latest sale in February 2024 reached $364,000, indicating a positive market response. This apartment is not only a cozy living space but also a wise investment, with low outgoings including a body corp levy of $2,597.46/year and city council rates of $1,039.49/year.

Education is a priority for many, and this property does not disappoint. It is zoned for Auckland Grammar and Auckland Girls' Grammar School, both secondary institutions with deciles of 9 and 3, respectively. Ponsonby Intermediate and Freemans Bay School, with deciles of 9 and 6, cater to younger students, ensuring a range of quality educational options. Its location next to AUT and a short walk from the University makes it highly sought after for rental demand.

Updated on April 05, 2024.