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4F/147 Hobson Street,
Auckland Central, Auckland City

2 bedrooms
1 bathroom
38m² building size
Apartment

NZD 285,000


Property details

Budget Bliss for 1st Home or Investors

This is the perfect opportunity for first-time home buyers on a budget or investors wishing to add to their portfolio at the ever-popular Harvard Apartments. This Freehold 2-bedroom, 1-bathroom apartment spans around 38 sqm, making it Bank-Friendly. Residents also have access to an on-site gym.

This apartment is ideally located, providing easy access to all the city's conveniences and attractions. You can easily enjoy the vibrant city lifestyle. The apartment is close to Sky City, diverse dining and shopping options, universities, and international schools, making it an ideal location. In addition, you have excellent access to various public transport options.

The current weekly rental income for this apartment is $480, with the potential to increase to an appraised $520 - $550 per week with some improvements to the property. At the current rent, the ROI is approximately 7%. However, with some enhancements to the apartment, the expected ROI is over 8% based on the increased rental appraisal, making it a profitable choice for your portfolio.

The body corporate levy is around $3,450 annually, and council rates are about $1,347 annually.

Take advantage of this opportunity to own a property in the city's heart. Whether stepping onto the property ladder or expanding your investment portfolio, this apartment at the Harvard Apartments is a must-see. Contact me today to schedule a viewing.

Explore the area


School catchments

  • City 0-10 Composite Years 1-15 Private 0.51km
  • Freemans Bay School Primary Years 1-6 State 0.65km
  • Te Uru Karaka Newton Central School Primary Years 1-6 State 1.5km
  • Ponsonby Intermediate Intermediate Years 7-8 State 1.8km
  • Richmond Road School Primary Years 1-6 State 1.9km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check enrolment zones and eligibility with the school. School data © Ministry of Education, licensed under CC BY 4.0.


Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.


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