6d/8 Bankside Street, Auckland Central, Auckland

Nestled in the heart of Auckland Central at 6d/8 Bankside Street, this residential apartment boasts a single bedroom and bathroom, with a modest floor area of 30 square meters. Constructed in 2003 with concrete walls and an iron roof, both in good condition, this unit title property offers the comfort of a level contour and a serene environment within a quiet cul-de-sac. The property presents a golden opportunity for investors, with the option to purchase two such studios – both vacant, stylish, and equipped with new carpet and furniture. An excellent freehold investment, it's located in a prime commercial district, just a short 2-minute walk to Queen St, making it an ideal choice for the savvy investor or an owner-occupier working in the city.

As for the financials, the capital value has seen a decrease from $320,000 in 2017 to $290,000 as of June 2021, indicating a -9.375% growth rate. However, the HouGarden AVM estimates the property at $315,000, and with the latest sale history showing a sale in 2019 for $312,000, there's potential for value appreciation. The property's latest sale was for $150,000 in May 2024, presenting a significant investment opportunity.

For families, the property falls within the zones of several reputable schools. Western Springs College, a secondary school with a decile rating of 8, Ponsonby Intermediate at decile 9, Freemans Bay School at decile 6, and Auckland Girls' Grammar School at decile 3, ensuring a range of educational options for children of different ages.

Updated on July 26, 2024