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3/20 Simkin Avenue

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Sold


3/20 Simkin Avenue

St Johns, Auckland

Sold - 19.03.2021

This property is under contract.

Saving for your first home, in a tough property market?

This property is leasehold however, this is how it can work for you.

Deposit required on leasehold is 50% balance payable on the term left on the lease. Or bite the bullet and pay the full amount from the get go.

ONLY $4,059 per annum is the ground rent that's $78.57 per week 21 Year Perpetual Lease, so the good kind of Lease that doesn't go up every 7 years!

Currently rented for $440.00 per week that's $22,880 per annum

You could move in and keep saving like you normally would till the lease is up in 6 years, Sell it and you will have a bigger deposit for your next property. Renting is dead money, this is a great opportunity to set yourself up for your next purchase.

Or investment perhaps? This property has a history of being an excellent rental property, so kick back and collect.

The current Lease is due to expire in SEPT 2027, so 6 years are left on the clock!

This will sell quickly so enquire within

Property Details

Suburb stats

Property ID ORK21761

Category
Unit
Status
Sold
Bedrooms
1
Bathrooms
1


Local Schools

* While every effort has been made to ensure the information displayed is accurate, please check details directly with the school before making decisions based on this information.

Primary
Intermediate
Secondary
Stonefields School - 1.7km away
Years 1-8
Co-ed
81 Tihi Street
09 527 7721


Stonefields School - 1.7km away
Years 1-8
Co-ed
81 Tihi Street
09 527 7721


Baradene College - 4.1km away
Year 7-15
Girls
237 Victoria Avenue
09 524 6019


Selwyn College - 1.4km away
Year 9-15
Co-ed
Kohimarama Road
09 521 9610


Baradene College - 4.1km away
Year 7-15
Girls
237 Victoria Avenue
09 524 6019



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Suburb Stats

St Johns


Median sale price in August 2024

$855,000

8% last month
5% same time as
last year

Monthly Trend

Total Sales in August 2024

0% last month
7 sales
36% same time as
last year

Monthly Sales