Owning impossible? Think again


1/1 Abraham Place, St Johns

Asking Price NZD $175,000

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Owning impossible? Think again | 1/1 Abraham Place, St Johns | 1410461 |      X Close
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Owning impossible? Think again


This is an excellent opportunity to get into Auckland's hot housing market in a central city location at a very affordable price.

Buying Leasehold means owning a property in Auckland is within reach and the mortgage repayments are preferable to "lost rent moneys" and the uncertainty of tenure. Here the 21 year reviewable lease expires 14 December 2028. Ground rent is $9,587.50pa and rates $1,931.36pa.

Purchase price $175,000. Deposit $35,000, interest rate 6%, term 10 years. Minimum fortnightly mortgage repayment is $714 per fortnight (to approved buyers).

The property itself is a charming two double bedroom unit with a delightful garden (and large shed!).

The kitchen and bathroom have been recently renovated, the laundry is separate with tub and new hot water cylinder, the carport has a storage unit and the home has been insulated.

Conveniently positioned for buses, train, Tamaki Campus, supermarkets, Morrin/Merton Rd sportsgrounds, Stonefields school zone, short drive to Eastern Bays

If you are tired of being "moved on" and the accompanying rent increases, purchasing a leasehold property is a viable alternative.

And this super sunny adorable home could be the answer!

Viewing by appointment only

Agent Susan Rees 027 535 8173

Susan Rees

Ellerslie

Licensed under the REA Act 2008

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1/1 Abraham Place, St Johns

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Susan Rees

Ellerslie

Licensed under the REA Act 2008

View profile