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We had a fairly substantial amount of Bartercard Trade Dollars to spend and wanted to use most of them in the property market, after some consideration we decided to purchase a property that would provide income - not just long-term capital gain.

- Nikki Barrett
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Auckland - Investment Property With Potential


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RegionAuckland
Property TypeResidential
Asking Price $700,000
Trade Dollars $140,000
Cash Dollars $560,000
Price Notes
20% Trade
Sold Date19/12/2014
VendorGarth Cutfield
021 636 212 / 09 520 4636
garth@propertytools.co.nz
Downloads
  • valuation mountain road.pdf  
  • Enquire
    *click here for terms &
    Conditions
     
    This House Has It All. Privacy, Size, Outlook, Views, Pool. Just Add Elbow Grease!
     
    Location:


     
    48 Mountain Road
    Mangere Bridge
    Manukau City
    Auckland
    Rooms: 6 or more bedrooms, 2 bathrooms
    Property type: House
    Floor area: 218m2
    Land area: 770m2
    Price: Asking price $700,000
    Property ID#: DZG477
    Parking: Semi detached Garage/Car­port and off street parking for 2 or more
    In the area: Walking Distance to "The New Ponsonby"
     
    Perfect investment . Either live in and do up for the larger family or tidy up and push the rent up.

    Features:
    • Land area 1/2 share of 1540m2
    • Total ground floor level area 144m2
    • Basement area 74m2
    • Terrace 7m2
    • Deck 16m2
    Upstairs
    • 3-4 bedrooms
    • Bathroom
    • Kitchen
    • Lounge
    • Sunroom
    Downstairs
    • 2 bedrooms
    • Bathroom
    • Lounge
    Currently rented for $630pw, with the upstairs tenant sub letting downstairs for $250 pw.
    (Downstairs is not legally a separate dwelling).

    Do your sums, this property could get $350 downstairs and $500 upstairs. Just a little bit
    of work could get this investment pumping.
    $800-$850pw, do your sums.

    That's a potential 6.8% Yield ! in the New Ponsonby!

    OR!!!!!!

    This large family home is crying out for an extreme makeover to bring it back to its glory
    days. Well designed to accommodate big families offering 5/6 bedrooms, 2 bathrooms,
    open plan kitchen, dining and sun room with door that opens out to the back yard backing
    onto Mangere mountains what a great way to go for morning walk and exercise.

    Well situated down the ROW.

    The location is very handy, only a couple of minutes to Mangere Bridge shopping centre,
    schools, parks, public transport and lovely walking trails around Mangere Bridge waterfront.

    Recent registered Valuation Available at $675,000

    Mangere Bridge is the "New Ponsonby." Check out the herald article.

    WOW. Check out the recent sale at 42 Mountain road at $792,000



    NB: This home is rented, so please do not go onto the property, unless we arrange a time.

    For more information please contact Garth on 021 636 212.

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    Cameron Owen

    09 414 6837