Offers close 22 July
2/42 Kempthorne Crescent,
Mission Bay, Auckland City
Asking Price $670,000
Property details
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Agents
Ray White St Heliers: Five AM Bayside Realty Limited Licensed (REAA 2008)
10 Polygon Road, St Heliers Auckland City 1071
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Chattels
- Stove
- Rangehood
- Dishwasher
- Light Fittings
- Floor Covers
- Blinds
- Drapes
- TV Aerial
First Home Buyer Opportunity in Mission Bay
Not every opportunity arrives polished. Some arrive priced for action.
At 2/42 Kempthorne Crescent, Mission Bay, first home buyers, investors and renovators have a rare sub-$700k entry point into one of Auckland's most recognised coastal suburbs.
This vacant 1960s 2-bedroom, 1-bathroom cross-lease townhouse/unit offers approx. 47m2 of floor area, off-street parking and a 1/2 share of 1,255m2. It needs work and that is exactly where the opportunity sits.
The vendor paid $795,000 in 2023. Today, the expectation is $670,000, with the 2024 CV also sitting at $670,000. For the right buyer, this is a chance to renovate, improve rentability and hold long-term in a tightly held Mission Bay location.
Positioned close to Eastridge, Mission Bay Village, Kohimarama Beach, public transport and local schooling, the property offers location strength that entry-level buyers rarely find at this price point.
This is a practical add-value opportunity for investors, renovators, builders and buyers who can see past the current condition.
Australian citizens looking at NZ rental opportunities should also take note. NZ residential property has been attracting interest from Australian investors, with commentators pointing to relative affordability, different tax settings, and the fact that Australian citizens can generally buy NZ residential property on similar terms to locals, subject to individual advice.
Bring your builder. Bring your property manager. Bring your offer.
At 2/42 Kempthorne Crescent, Mission Bay, first home buyers, investors and renovators have a rare sub-$700k entry point into one of Auckland's most recognised coastal suburbs.
This vacant 1960s 2-bedroom, 1-bathroom cross-lease townhouse/unit offers approx. 47m2 of floor area, off-street parking and a 1/2 share of 1,255m2. It needs work and that is exactly where the opportunity sits.
The vendor paid $795,000 in 2023. Today, the expectation is $670,000, with the 2024 CV also sitting at $670,000. For the right buyer, this is a chance to renovate, improve rentability and hold long-term in a tightly held Mission Bay location.
Positioned close to Eastridge, Mission Bay Village, Kohimarama Beach, public transport and local schooling, the property offers location strength that entry-level buyers rarely find at this price point.
This is a practical add-value opportunity for investors, renovators, builders and buyers who can see past the current condition.
Australian citizens looking at NZ rental opportunities should also take note. NZ residential property has been attracting interest from Australian investors, with commentators pointing to relative affordability, different tax settings, and the fact that Australian citizens can generally buy NZ residential property on similar terms to locals, subject to individual advice.
Bring your builder. Bring your property manager. Bring your offer.
Inspections
Explore the area
School catchments
- Selwyn College Secondary Years 9-15 State 0.40km
- St Thomas School (Auckland) Full primary Years 1-8 State 0.61km
- Kohimarama School Full primary Years 1-8 State 1.1km
- St Joseph's School (Orakei) Primary Years 1-6 State integrated 1.3km
- Mt Carmel School (Meadowbank) Primary Years 1-6 State integrated 1.3km
- Meadowbank School Primary Years 1-6 State 1.8km
- St Ignatius Catholic School (St Heliers) Primary Years 1-6 State integrated 1.9km
- Orakei School Full primary Years 1-8 State 1.9km
- St Pius X Catholic School (Glen Innes) Full primary Years 1-8 State integrated 1.9km
- A1 Student School Composite Years 1-15 Private 1.9km
- Glen Innes School Full primary Years 1-8 State 2.3km
- St Heliers School Full primary Years 1-8 State 2.4km
- TKKM o Puau Te Moananui-a-Kiwa Composite Years 1-15 State 2.5km
- Glen Taylor School Full primary Years 1-8 State 2.7km
- Stonefields School Full primary Years 1-8 State 2.7km
- Saint Kentigern Girls' School Full primary Years 1-8 Private 2.8km
- Glendowie College Secondary Years 9-15 State 3.0km
- Baradene College Secondary Years 7-15 State integrated 3.1km
- Tamaki College Secondary Years 9-15 State 3.3km
- Sacred Heart College (Auckland) Secondary Years 7-15 State integrated 3.4km
- Michael Park School Composite Years 1-15 State integrated 3.7km
- Auckland Montessori College Secondary Years 7-15 Private 4.2km
- Atea College Composite Years 1-15 Private 4.4km
- Crimson Global Academy Secondary Years 9-15 Private 4.9km
- One Tree Hill College Secondary Years 9-15 State 4.9km
- ACG Parnell College Composite Years 1-15 Private 5.1km
- Dilworth School Composite Years 1-15 Private 5.1km
- Diocesan School For Girls Composite Years 1-15 Private 5.2km
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.
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Photos
Floorplan
Contact Stuart Trewheela
Contact Stuart Trewheela
Stuart Trewheela
2/42 Kempthorne Crescent, Mission Bay 1071
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Stuart Trewheela
2/42 Kempthorne Crescent, Mission Bay 1071