31 King Street Grey Lynn, Auckland City

Gold Rush - Investors Find Yield Here!

Thought to be the original homestead on the big west-facing rise of Arch Hill, this circa 1890 character treasure offers big bang for buck. Boasting 5 bedrooms over two levels, 2 bathrooms, 2 great living zones and flow, both owner occupiers, investors and home and income hunters should explore what's on offer here.

Owner occupiers: Take a good serious look at this home. The position is pretty spectacular with its big views to the west and huge backyard with the promise of add-value potential. The home has glorious character and is well presented throughout. A flexible layout provides good options for a flatmate or extended family.

Investors: There are already tenants in the home paying $1400 per week and it is being sold with these great fixed term tenants in place. A generous yield is on offer, while the huge freehold section and enduring appeal of this character home should assure strong capital gains also.

Home and Income Hunters: It is worth exploring the option of creating a minor dwelling at the rear of the site. Investigate further with Auckland City Council, your builder and architect into this potential option.

So there you have it, the original homestead with a whole lot of options! I love real estate like this. Come and explore all the possibilities.

Auction: 6:30pm, Wednesday 24th February 2021, In Rooms at Ray White Mt Eden - 451 Mt Eden Road, Mt Eden (unless sold prior)