Sat Jun 22 12:00-12:30
Welcome to 49 Burnley Terrace, Mount Eden, a rare and lucrative investment opportunity that promises substantial returns. This exceptional property features four two-bedroom flats, each with a bathroom, perfectly blending modern & original character. Currently generating an impressive $2710 per week, this property is a money-printing asset that ensures a steady stream of income from day one.
Each of the four flats boasts a well-designed layout, offering two bedrooms and a functional bathroom, catering to tenants' comfort and convenience. The flats feature a mix of charming original details and contemporary updates, appealing to its current tenants. Situated in the highly sought-after Mount Eden, this property benefits from excellent connectivity & proximity to key amenities, including schools, parks, shops, public transport and CBD.
All four flats and yields a remarkable $2710 per week, making it an investor's dream. The strong rental demand in Mount Eden guarantees low vacancy rates and a reliable income stream, making this property a sound investment for the future.
Disclaimer - This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.
All prospective purchasers shall complete their own due diligence, seek legal and expert advice, and satisfy themselves with respect to information supplied during the marketing of this property, including but not limited to: the floor and land sizes, boundary lines, underground services, along with any scheme plans or consent
Name | Distance | Type | Year | Attribute | Gender | Score | Decile | |
|---|---|---|---|---|---|---|---|---|
Balmoral School (Auckland) | 0.70 km | Primary | 1-8 | Government | Co-Educational | EQI: 371 | 9 | |
Kowhai Intermediate | 0.73 km | Secondary | 7-8 | Government | Co-Educational | EQI: 406 | 7 | |
Mt Eden Normal School | 0.99 km | Primary | 1-6 | Government | Co-Educational | EQI: 352 | 10 | |
Mt Albert Grammar School | 1.93 km | Secondary | 9-15 | Government | Co-Educational | EQI: 419 | 7 | |
Auckland Girls' Grammar School | 2.49 km | Secondary | 9-15 | Government | Single Sex-Girls | EQI: 488 | 3 |
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $3,450,000 | 9.5% | 2 |
2022 | $3,151,000 | 1.6% | 5 |
2021 | $3,100,000 | 21.6% | 7 |
2020 | $2,550,000 | 40.1% | 9 |
2019 | $1,820,000 | -31.3% | 4 |
2018 | $2,649,456 | -4.5% | 4 |
2017 | $2,775,000 | 38.1% | 9 |
2016 | $2,010,000 | -15.9% | 9 |
2015 | $2,390,000 | 16.6% | 11 |
2014 | $2,050,000 | - | 17 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.04 km | 1 | 1 | 42m2 | Year 2024 Month 06 Day 05 | $510,000 | Council approved | |
 | 0.12 km | 3 | 1 | 112m2 | Year 2024 Month 05 Day 20 | $1,800,000 | Council approved | |
 | 0.09 km | 2 | 1 | -m2 | Year 2024 Month 05 Day 10 | $720,000 | Council approved | |
 | 0.04 km | 4 | 2 | -m2 | Year 2024 Month 03 Day 27 | $2,850,000 | Council approved | |
 | 0.11 km | 4 | 2 | 123m2 | Year 2024 Month 01 Day 31 | $2,050,000 | Council approved |