Real estate in Auckland is quite very active at the moment. With the interest rate dropping to 2.xx%, it makes a lot of sense to get into the market. 

When buying an investment property, no one wants buy a big “lemon” and have problems and headaches from day one. Would you like to know what kind of properties will always rent fast, “trouble-free”, are a dream to investors?

From the many rental properties managed by UNO, we have hand selected 5 of these dream properties: rented for almost all year round, very popular with tenants, attracting high quality tenants, low maintenance. Lets take a look:

1. Remuera  Monteith Crescent

1 monteith

  • Floor Area:88m2
  • 3 bedrooms 1 Bathroom
  • CV $810,000
  • Rent $620/ per week
  • Rented within 5 days on market
  • Average tenancy of 3 years
  • Good location, many good schools to choose from, no garden maintenance, very popular with families

2. Mt Eden  Peary Road

2 peary

  • Floor Area:105m2
  • 4 Bedrooms 2 Bathrooms 
  • CV $1,550,000-
  • Rent $830/per week
  • Rented within 7 days on market 
  • Average tenancy of 2.5 years
  • There is a sleep out and in a school zone, good central location, good for sub-letting

3. North shore  Taumata Road, Castor Bay

3 taumata

  • Floor Area:114m2
  • 3 Bedrooms 2 Bathrooms 
  • CV $1,286,000
  • Rent $800/per week 
  • Rented within 5 days on market
  • Average tenancy of 2.5 years 
  • Sun-filled,  it has sea view, zoned for many good schools, located on a quiet street

4.    North Shore  Alma Street, Milford

4 alma

  • Floor Area : 119m2
  • 3 Bedrooms 2 Bathrooms 
  • CV $1,135,000
  • Rent $750/per week 
  • Rented within 10 days on market
  • Average tenancy of 2 years
  • it’s zoned for Westlake Boys and Girls schools, good condition, convenient transportation and close to the motorway

5. Somerville    Drysdale Place

5 Drydale

  • Floor Area:210m2
  • 4 Bedrooms 2 Bathrooms 
  • CV $1,300,000
  • Rent $780 /per week 
  • Rented within 9 days on market
  • Average tenancy of 2.5 years
  • Sun drenched house in a great school zone, nice sized lawn and a double internal garage. Every open home it would have had more than 20 potential groups showing up wanting to view it.

Overview

  • Location is the most important factor. If the location and the surrounding amenities are good, the market will always respond especially if it is zoned for good schools; the property with good location will attract better quality tenants.
  • If the Tenant quality is good, the chance for drama and problems are reduced heavily, and the potential maintenance costs are also reduced.
  • At least 2 bathrooms are essential for houses with 3 bedrooms or more.
  • It is important that the property is in good condition.
  • Houses that are spacious and convenient for subletting will be more affordable and they will rent out faster.

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