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Zero vacancy in 5 years? What do these DREAM investment properties have in common??

June 22, 2020 By UNO Property Management Leave a Comment

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.

Do you need to get an updated rental appraisal for your property in Auckland?

Would you like to get that information in writing within 1 working day?

Click here to get an updated rental appraisal for your property!

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