602/133 Beach Road, Auckland Central, Auckland

Located at 602/133 Beach Road, Auckland Central, Auckland - City, this residential apartment offers a compact yet highly functional living space, ideal for students or city workers. The property features 1 bedroom, 1 bathroom, and a floor area of 17sqm, with no car parks. Constructed in 2004, the building boasts mixed materials for the roof and concrete walls, both in good condition. The property is on a level contour and holds a Unit Title ownership.

The capital value of the property has seen a decrease from $210,000 in July 2017 to $175,000 in June 2021, marking a -16.67% change. Despite this, the HouGarden AVM estimates its value at $200,000. The latest sale recorded was on September 19, 2004, for $111,951. This unit is a leasehold property with annual ground rent levy of $2,358.50, operating levy of $2,491.31, and council rates of $1,147.99. It's described as a personal ATM machine due to its high rental appraisal of $360-380 per week, highlighting its potential as a lucrative investment.

The property is zoned for several reputable schools, including Western Springs College (Secondary, decile 8), Freemans Bay School (Contributing, decile 6), and Auckland Girls' Grammar School (Secondary, decile 3). This makes it an attractive option for those seeking quality education options.

Updated on April 04, 2024.