1431/72 Nelson Street, Auckland Central, Auckland

Nestled within a sought-after apartment complex at 1431/72 Nelson Street, Auckland Central, this freehold unit boasts 2 bedrooms and 1 bathroom. Constructed in 2003 with concrete walls and an iron roof, both in average condition, the property offers a level contour and a floor area of 37 square meters. Notably, it is located in a high-demand rental area with sunny views over the harbour and the Waitakeres from the 14th floor. The complex amenities include a pool, gym, and steam room. The government's capital value has seen a decrease from $360,000 in 2017 to $320,000 as of 2021, indicating a -11.11% change. However, the HouGarden AVM estimates the property at $352,500. The latest sale history shows a significant increase from $170,000 in 2012 to $260,000 in 2024.

For families, 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), offering a range of educational options.

Currently vacant, this apartment presents a golden opportunity for investors looking to enter the market and potentially secure a steady stream of rental income. With its prime location within walking distance to the viaduct precinct, Wynyard Quarter, and the central city, it's an investment that could pay off handsomely in the long run.

Updated on August 01, 2024