Real Estate for Sale: North Island, New Zealand, Beautiful Views - Brand New House in Red Hill, Auckland - Papakura

Asking Price: $500,000
Location: Papakura
City: Auckland
State/Province: North Island
Country: New Zealand
Type: House

FOR SALE: New Residential Development (3 Houses are being built at any one time - currently under construction & near to completion no.46, 48, 52 Keri Vista Rise, Lots 101-103 on Site Plan). These 4 Bedroom Houses of over 170 sqm with 2 Lounges, 2 Bathrooms (1 Bathroom, 1 Ensuite (handi-capped)), Double Garage, plus Study have been specifically designed to be suitable for extended families or families with teenagers. The houses are in an excellent location on the top of the hill with nice views, close to local schools and parks, and an easy commute to the Auckland CBD, just 10 km from Manukau City a variety of shops, facilities and huge shopping center), just 20 km from Silvia Park - one of the biggest Auckland shopping centers and 30 km from Auckland City Centre. If the house is purchased as a residential rental investment, the property may prove a financial success in a number of ways. Aside from the weekly rental, this investment will provide a vehicle in which to reduce your income tax. Being a new build, with a high building to land value ratio, this property will maximise the depreciation you can claim. Over time, you can expect the rental income to increase, which together with the capital gain will create a profitable retirement vehicle. Rental appraisal is $480 - $520 p/w.

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