1003/76 Wakefield Street, Auckland Central, Auckland

Introducing a prime one-bedroom apartment located at 1003/76 Wakefield Street, Auckland Central, Auckland - City, offering a unique blend of comfort and convenience for homeowners, investors, and parents of university students. This freehold unit spans approximately 38 sqm and boasts a concrete exterior with an iron roof, both in good condition. The apartment, built in 2004, features a level property contour and is designed with two balconies that provide ample natural light, thanks to its northwest-facing aspect. Despite not being recently renovated, the apartment is well-maintained and comes furnished, ready for immediate occupancy.

The property has experienced a decrease in capital value from $390,000 in July 2017 to $340,000 in June 2021, marking a -12.82% change. However, the latest HouGarden AVM estimates its value at $372,500. The most recent sale occurred on February 3, 2024, for $348,000, up from its 2003 sale price of $198,000. This apartment's strategic location near the AUT business building, Auckland University, and Queen Street enhances its appeal, especially for students and professionals. With Body Corporate fees at approximately $5,353 and Auckland Council rates around $1,362 annually, the apartment also offers a strong rental appraisal between $470 to $520 per week.

Located within prestigious school zones, including Auckland Grammar and Auckland Girls' Grammar School with deciles of 9 and 3 respectively, Ponsonby Intermediate (decile 9), and Freemans Bay School (decile 6), this property promises an advantageous educational environment. Its proximity to key educational institutions underscores its value for families and investors alike.

Updated on April 05, 2024.