West Auckland continues to provide good yielding/ capital growth properties
We purchased this home and income investment property for 1.3M in an increasingly popular suburb, New Lynn, in West Auckland. A very attractive area for tenants, this property is in a good location, offering relatively close proximity to New Lynn town centre, schools, train station, motorways, bus routes, shops, and amenities.
On the full site is a 4 bedroom 2 bathroom house, along with a 3 bedroom, 1 bathroom house. Both dwellings on the site were constructed in 2010. Being recently built, they are low maintenance. The property is fenced and has an easy-care section well suited for tenancy.
On settlement the property was ready to rent straight away and is currently rented for $1160 p/w, providing a yield of 4.64%.