53 Felton Mathew Avenue, Saint Johns, Auckland, 1072, New Zealand
This proud duplex occupies a prime corner site comprising 607sqm, more or less. A rental investment worth serious thought or a very tidy home and income. The two units each have two double bedrooms and a separate lock-up basement garage. This is a leasehold property with the lease expiring in August 2029 – 7 years 8 months to run at $16,900pa. Live in one and let the income pay the ground rent and rates on both. Flat 2 is rented at $475pw and Flat 1 is currently vacant and would return approximately $550pw. Both qualify for Healthy Homes. They are well constructed from block and brick, ceilings and underfloor are insulated and the rear unit enjoys a substantial north facing deck. The location is highly desirable – conveniently close to supermarkets, public transport, railway station and zoned for Stonefield School and Selwyn College.
