11j/6 Saint Martins Lane, Grafton, Auckland

Nestled in the heart of Grafton, Auckland, this well-appointed 2-bedroom, 1-bathroom apartment with a floor area of 53m2 boasts an enviable location within a highly sought-after St Martins Apartment Building. Constructed in 2009 with concrete walls and an iron roof, both in good condition, this unit is situated on Level 11, offering scenic city views. It comes with the convenience of a unit title and the added benefit of a secure building with a 24-hour reception and a swimming pool. Notably, the property's Capital Value has seen a change of -11.11% from $540,000 in July 2017 to $480,000 as of June 2021. However, with a HouGarden AVM of $530,000 and a latest sale price of $250,000 on May 9, 2024, it presents a compelling investment opportunity. Moreover, its position in a prime educational zone includes access to Auckland Grammar (Decile 9), Newton Central School (Decile 7), Ponsonby Intermediate (Decile 9), and Auckland Girls' Grammar School (Decile 3), making it an excellent choice for families.

With the potential for rental income guaranteed until 2029 with an option for renewal, this apartment is an investor's dream. Its close proximity to AUT, Auckland University, and public transport, as well as Auckland Hospital, only adds to its appeal. This is a rare chance to secure a stake in a top location – don't let it slip by!

Educationally advantaged, this property falls within the catchment area of some of Auckland's finest schools. The nearby Auckland Grammar offers a Secondary education (Year 9-15) and is rated Decile 9, while Newton Central School provides a Contributing level education with a Decile 7 rating. Ponsonby Intermediate caters to intermediate-level students with a Decile 9 rating, and Auckland Girls' Grammar School offers Secondary education (Year 9-15) with a Decile 3 rating. For those considering an investment that values education, this property is second to none.

Updated on August 20, 2024