7f/30 Symonds Street, Grafton, Auckland

Nestled at 7f/30 Symonds Street, Grafton, Auckland, this residential apartment complex boasts a prime location, nearly on-campus for both Auckland University and AUT. Constructed in 2001 with concrete walls and an iron roof, this 27 square meter, 2-bedroom, 1-bathroom unit with unit title ownership offers an average condition throughout. The property's capital value has seen a -32% decrease from $250,000 in 2017 to $170,000 as of 2021, yet the HouGarden AVM estimates it at $245,000. The latest sale history shows a transaction in 2024 at $110,000 and another in 2001 at $132,000. Currently rented at $170 per room weekly, it presents a potential 7.2% net return on the asking price, inclusive of GST. This investment opportunity allows for the purchase of all 4 adjacent apartments together or separately.

With a school zone that includes Auckland Grammar (decile 9) for secondary education and Ponsonby Intermediate (decile 9), Freemans Bay School (decile 6), and Auckland Girls' Grammar School (decile 3), this property is not only an investment but also a smart choice for families.

Updated on August 01, 2024