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6 Brady Road, Otahuhu, Auckland City, Auckland, 22 Bedrooms, 18 Bathrooms, House

By Negotiation

6 Brady Road, Otahuhu, Auckland City, Auckland

22
18
1290m2
HouseListed on Tue Sep 10

Otahuhu 22 Bedroom Boarding House - Unfinished project - 9% yield

Sat on 1290m2 and opposite seaside park and close to the Tamaki estuary waterway, this outstanding opportunity is screaming BUY ME!

RC, BC and EPA have been issued for a substantial 2 story 16 bedroom 16 bathroom 2 kitchen/living boarding house. The foundations have already been laid and signed off by Council and the steel framing is up!

Also situated on the site is a sizable 6 bedroom 2 living room property affording you some healthy cash flow whilst you complete the project.

Offering an expected completed yield of over 9% I challenge you to find such a fantastic return in Real Estate in Central Auckland.

Tailored towards the executive end of the market or an ideal Air BnB or suiting various forms of Housing Associations.

Situated in the desirable Otahuhu peninsula with easy access to SH1 North and South and main arterials routes East and West. All the entertainment and shopping at Sylvia Park is one junction away along with Highbrooke business park and Otahuhu township with the multitude of restaurants, bus and rail is close by.

Viewings are strictly by appointment so call or email to request a site visit or for the full information pack with cash flow forecast.

Often sought and seldom found, a supreme opportunity to not only realise the capital gain whilst completing the project, but also an exceptional long-term investment opportunity.

Location

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Council Data

Last update : 2025 02 19
Improvement value$250,000Reduced by -21% from year 2017
Land value$1,700,000Increased by 95% from year 2017
CV(Year 2021 Month 06)$1,950,000Increased by 64% from year 2017
View typeNo appreciable view
ContourLevel
Land area1290m²
Floor area272m²
Decade of construction1971
TitleNA20D/921
Type of titleFreehold
Legal descriptionLOT 2 DP 53024
CouncilAuckland - City
Estate descriptionFSIM,1/1,LOT 2 DEPOSITED PLAN 53024,1290m2
Council rates$5,602.59
2023/2024
ConditionExternal Walls: Good
Roof: Good
ZoningResidential - Terrace Housing and Apartment Building Zone

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Fairburn School
1.76 km
Primary
1-6
Government
Co-Educational
EQI: 485
1
Otahuhu College
2.73 km
Secondary
9-15
Government
Co-Educational
EQI: 513
1

Property history

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For developers

Unitary plan:Residential - Terrace Housing and Apartment Building Zone
Land:1290m²
Title:Freehold

Surrounding facilities

Brady Road Neighborhood and Surrounding Data

Suburbs

Data analysis - Otahuhu properties data
Otahuhu property trend
Year
Median price
Growth
Sales count
2024
$1,592,391
14.6%
6
2023
$1,390,000
55.7%
7
2022
$893,000
-43.3%
2
2021
$1,575,000
37%
10
2020
$1,150,000
-56.6%
5
2019
$2,650,000
133%
3
2018
$1,137,500
25%
4
2017
$910,000
29.5%
1
2016
$702,500
-29.3%
4
2015
$993,000
46.1%
10
2014
$679,500
-
10

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
6/16 Brady Road, Otahuhu
0.08 km
3
2
-m2
Year 2025 Month 01 Day 01
$820,000
Council approved
G07/238 Princes Street East, Otahuhu
0.11 km
2
1
58m2
Year 2024 Month 11 Day 25
-
Council approved
0.07 km
3
2
186m2
Year 2024 Month 11 Day 01
$900,000
Council approved
2/16 Brady Road, Otahuhu
0.08 km
3
2
-m2
Year 2024 Month 10 Day 01
$850,000
Council approved
0.08 km
3
2
186m2
Year 2024 Month 10 Day 01
$865,000
Council approved

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Ref:ELL33055Last update:2024-12-04 08:45:44