Sold $549,000
2
Description

Home & Income on large prime Land in Papatoetoe, Akl $91K Below Reg Value 7% Return.

House Sold - Papatoetoe Auckland

ATT: Buy & Hold Investors – Land bank in a prime area at a Discount and with a 7% Return

ATT: Traders (Subdividable Property) There easy money in this.

Legal Home & Income on large prime Land, Allenby Rd, Papatoetoe, Auckland. $91,000. Below GV & Registered Value. 7% Return

Price $549,000. (Agents please remember to always ad your fee to this price)

Allenby Rd
Papatoetoe,
Auckland.

Freehold.
Land Size: 1019m2
Government Value $640,000
New Registered Value $640,000

Rent
$420 + $320 = $740p/w as is. Gross Return 7%
$450 + $350 = $800p/w with tidy up. Gross Return 7.5%
Cost to tidy up about $11K

Rates $2,560.80pa (GST inclusive)

Cost to Subdividable existing homes is approximately $50-$75K
Value after Subdivision: Front Home $400K+, Rear Home $300K+. Total $700K +

Front House
Huge 3 bedroom Family Home.
2 Bathrooms, Built: mid 1900’s
House size: 160m2 approximately
Own private landscaped Garden
Brick House, Single garage
Plenty of off street parking.
Fully Fenced
Own drive way
Very good area
Great School Zone
Rent $420p/w as is or $450+p/w with about a $6k tidy up.
New Paint and carpet to modernise and a good clean inside & out.

Rear Home
2 bedroom brick home
1 Bathroom, Built: Late 1900’s
House size: 80m2 approximately
Own Back Garden area.
Own drive way, Car port.
Could be fully fenced by just adding a gate.
Rent $320p/w as is or $350+p/w with about a $5k tidy up.
New Paint and carpet to modernise and a good clean inside & out.

This property is situated on a beautiful wide street and is handy to everything.
School Zones: Papatoetoe Golden Circle (one of the most desirable school zones in Sth Akl) Kindergarten, Playcentre, Primary, Intermediate and Secondary schools within 1km.
Opposite the unit is a top school, Central Primary and in 200m easy walk is Papatoetoe High School and Hunters Plaza on Great South Road.
Other facilities like the train station, Library, RSA and Middlemore Hospital are all close by. 2 minutes to motorway exits, 10 minutes to the airport.

Property Features
  • House
  • Built 1960
  • 2 Parking Spaces
  • Land is 1019 m²
  • Garage
  • Carport
  • Fully Fenced
Sold $549,000
2
Description

Home & Income on large prime Land in Papatoetoe, Akl $91K Below Reg Value 7% Return.

House Sold - Papatoetoe Auckland

ATT: Buy & Hold Investors – Land bank in a prime area at a Discount and with a 7% Return

ATT: Traders (Subdividable Property) There easy money in this.

Legal Home & Income on large prime Land, Allenby Rd, Papatoetoe, Auckland. $91,000. Below GV & Registered Value. 7% Return

Price $549,000. (Agents please remember to always ad your fee to this price)

Allenby Rd
Papatoetoe,
Auckland.

Freehold.
Land Size: 1019m2
Government Value $640,000
New Registered Value $640,000

Rent
$420 + $320 = $740p/w as is. Gross Return 7%
$450 + $350 = $800p/w with tidy up. Gross Return 7.5%
Cost to tidy up about $11K

Rates $2,560.80pa (GST inclusive)

Cost to Subdividable existing homes is approximately $50-$75K
Value after Subdivision: Front Home $400K+, Rear Home $300K+. Total $700K +

Front House
Huge 3 bedroom Family Home.
2 Bathrooms, Built: mid 1900’s
House size: 160m2 approximately
Own private landscaped Garden
Brick House, Single garage
Plenty of off street parking.
Fully Fenced
Own drive way
Very good area
Great School Zone
Rent $420p/w as is or $450+p/w with about a $6k tidy up.
New Paint and carpet to modernise and a good clean inside & out.

Rear Home
2 bedroom brick home
1 Bathroom, Built: Late 1900’s
House size: 80m2 approximately
Own Back Garden area.
Own drive way, Car port.
Could be fully fenced by just adding a gate.
Rent $320p/w as is or $350+p/w with about a $5k tidy up.
New Paint and carpet to modernise and a good clean inside & out.

This property is situated on a beautiful wide street and is handy to everything.
School Zones: Papatoetoe Golden Circle (one of the most desirable school zones in Sth Akl) Kindergarten, Playcentre, Primary, Intermediate and Secondary schools within 1km.
Opposite the unit is a top school, Central Primary and in 200m easy walk is Papatoetoe High School and Hunters Plaza on Great South Road.
Other facilities like the train station, Library, RSA and Middlemore Hospital are all close by. 2 minutes to motorway exits, 10 minutes to the airport.

Property Features
  • House
  • Built 1960
  • 2 Parking Spaces
  • Land is 1019 m²
  • Garage
  • Carport
  • Fully Fenced
Discount Property Properties Home & Income on large prime Land in Papatoetoe, Akl $91K Below Reg Value 7% Return.

Home & Income on large prime Land in Papatoetoe, Akl $91K Below Reg Value 7% Return.

Sold $549,000
2
Description

Home & Income on large prime Land in Papatoetoe, Akl $91K Below Reg Value 7% Return.

House Sold - Papatoetoe Auckland

ATT: Buy & Hold Investors – Land bank in a prime area at a Discount and with a 7% Return

ATT: Traders (Subdividable Property) There easy money in this.

Legal Home & Income on large prime Land, Allenby Rd, Papatoetoe, Auckland. $91,000. Below GV & Registered Value. 7% Return

Price $549,000. (Agents please remember to always ad your fee to this price)

Allenby Rd
Papatoetoe,
Auckland.

Freehold.
Land Size: 1019m2
Government Value $640,000
New Registered Value $640,000

Rent
$420 + $320 = $740p/w as is. Gross Return 7%
$450 + $350 = $800p/w with tidy up. Gross Return 7.5%
Cost to tidy up about $11K

Rates $2,560.80pa (GST inclusive)

Cost to Subdividable existing homes is approximately $50-$75K
Value after Subdivision: Front Home $400K+, Rear Home $300K+. Total $700K +

Front House
Huge 3 bedroom Family Home.
2 Bathrooms, Built: mid 1900’s
House size: 160m2 approximately
Own private landscaped Garden
Brick House, Single garage
Plenty of off street parking.
Fully Fenced
Own drive way
Very good area
Great School Zone
Rent $420p/w as is or $450+p/w with about a $6k tidy up.
New Paint and carpet to modernise and a good clean inside & out.

Rear Home
2 bedroom brick home
1 Bathroom, Built: Late 1900’s
House size: 80m2 approximately
Own Back Garden area.
Own drive way, Car port.
Could be fully fenced by just adding a gate.
Rent $320p/w as is or $350+p/w with about a $5k tidy up.
New Paint and carpet to modernise and a good clean inside & out.

This property is situated on a beautiful wide street and is handy to everything.
School Zones: Papatoetoe Golden Circle (one of the most desirable school zones in Sth Akl) Kindergarten, Playcentre, Primary, Intermediate and Secondary schools within 1km.
Opposite the unit is a top school, Central Primary and in 200m easy walk is Papatoetoe High School and Hunters Plaza on Great South Road.
Other facilities like the train station, Library, RSA and Middlemore Hospital are all close by. 2 minutes to motorway exits, 10 minutes to the airport.

Property Features
  • House
  • Built 1960
  • 2 Parking Spaces
  • Land is 1019 m²
  • Garage
  • Carport
  • Fully Fenced

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