1102/76 Wakefield Street, Auckland Central, Auckland City

Nestled on the eleventh level, this studio apartment is now available for sale, boasting a freehold title and fully furnished with wooden floors. Situated in the heart of Auckland Central, adjacent to AUT and within the esteemed Auckland Grammar Zone, it offers a rental appraisal of $320 to $330 per week, along with an exceptionally low body corporate levy of just $2,013 per year, covering hot and cold water. The property, with a floor area of 23 square meters, features concrete walls in good condition and an iron roof, both well-maintained. The capital value has seen a decrease of 12.5% from $280,000 in 2017 to $245,000 as of 2021, presenting a potential investment opportunity with a 7% NET RETURN on a freehold property. The HouGarden AVM estimates the property at $270,000, while the latest sales were recorded at $180,000 in 2024 and $197,000 in 2015. Don't miss out on this sapphire studio apartment at 76 Wakefield Street!

With a history of government valuations and a promising school network, this property is located in a sought-after educational zone. The Auckland Grammar School, a secondary school with a decile rating of 9, is in the vicinity, along with Ponsonby Intermediate, also rated 9. Freemans Bay School contributes with a rating of 6, and Auckland Girls' Grammar School stands at a decile rating of 3.

Whether you're looking for a comfortable residence or a lucrative investment, this studio apartment in a prime location is a gem to behold.

Updated on October 23, 2024