Nestled in the vibrant Auckland Central, at 12b/113 Vincent Street, lies a compact yet lucrative investment opportunity. This one-bedroom, one-bathroom studio apartment with a floor area of 14 square meters is built with concrete walls and roof, and boasts an average condition. It's a unit title in a 2005-built complex, offering unobstructed city views from its penthouse level. With no car parks, it's perfect for those seeking a low-maintenance, high-yield investment. The capital value has seen a decrease of 35%, from $130,000 in 2021 to $200,000 in 2017. However, the HouGarden AVM estimates it at $195,000, and the latest sales history shows a sale in 2024 for $62,000 and another in 2017 for $192,000. These studios offer an impressive 6% to 7% net rental return, a rare find in the city. Educationally, the property falls within the zones of Western Springs College (Decile 8), Ponsonby Intermediate (Decile 9), Freemans Bay School (Decile 6), and Auckland Girls' Grammar School (Decile 3), making it an attractive option for families.
Despite the decline in CV, this is a smart money investment in a prime location, just a short stroll from Queen St., Aotea Square, University, and AUT. Don't miss the chance to capitalize on these two exclusive opportunities in a quiet cul-de-sac.
With a strong school network and potential for growth, this property is not just a home but a wise investment for the future.
Updated on November 20, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
0.00 km | 2 | 1 | 34m2 | Year 2024 Month 11 Day 18 | $175,000 | Council approved | ||
 | 0.00 km | 1 | 1 | 14m2 | Year 2024 Month 10 Day 21 | - | Council approved | |
 | 0.00 km | 1 | 1 | 25m2 | Year 2024 Month 10 Day 02 | $95,000 | Council approved | |
 | 0.06 km | 2 | 1 | 70m2 | Year 2024 Month 09 Day 06 | - | Council approved | |
0.00 km | 1 | 1 | 23m2 | Year 2024 Month 07 Day 22 | $80,000 | Council approved |