Cashflow & Capital Gains for the Passive Investor

12 Royal Terrace, Mt Eden, Auckland

Property Details

  • Type
    Freehold
  • Location
    Mt Eden, Auckland
  • Price
    $2,050,000
  • Rental Income
    $1,495 + $690
  • Yield
    5.5%
  • Lot Size
    506
  • Property Size
    Combined = 284
  • Bedrooms
    9
  • Bathrooms
    2
  • Carparking
    4 Off Street Parks

Cashflow & Capital Gains for the Passive Investor

A 5.5% gross return makes this legal home-and-income a rarity in 'blue chip' Mt Eden.

The freehold property consists of two separate tenancies together bringing in around $111,000 per year. With a registered valuation of $2.2 Million (April 2016), this property offers over $150,000 instant equity for the new owner.

The 1920's bungalow has been recently renovated and consists of 6 bedrooms, 2 bathrooms, study or single bedroom plus large open plan living.

The smaller dwelling consists of 3 bedrooms, 1 bathroom and offers a well presented and cosy interior.

Some Key Points:

  • The 'Main House' is currently rented for $1495/w (including water) - fixed until Feb 2018
  • The 'Side Unit' is currently rented for $690/w (including water) - fixed until Feb 2018
  • Both the occupancies have off-street parking for 2 vehicles each
  • Capital gains of 220% over 9 years of current ownership (more than triple growth)
  • Rental growth of 44% over the last 4 years
  • Close to Kingsland train station, bars, restaurants and Eden Park
  • High demand from young professional tenants
  • Potential to split the property into two separate strata titles
  • New roof in the last 3 years with room for further exterior improvements

Being surrounded by beautiful properties, adjacent to Eden Park and just a short commute to the CBD, we predict a great future for this historically resilient and popular area.

To find out more or arrange a viewing please contact Hamish on 022 099 6849.



Email Hamish Anderson



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