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
- 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
- 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
- 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
- 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
- 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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