This Deceased Estate property has been vacant for some time and the beneficiaries of the estate require it to be sold immediately, at whatever level current market conditions will offer.
The 1940's bungalow is in very poor condition, both interior & exterior, and while considerable time & expense would be required to upgrade the 2 bedroom home to a good liveable standard, it is certainly worthy of consideration due to the excellent central Auckland location, and substantial capital gain outcome of undertaking the task.
An alternative would be to explore the option of obtaining the required consents to demolish the dwelling, and re-build a brand new home on the remaining land, being a 1/2 share of 825m². The vendor's willingness to sell at whatever level the market will offer, probably indicates that this property may well offer the cheapest Land Value in the suburb, for a 350 - 400m² building site.
The property is extremely well located, with a substantial shopping precinct (incl New World) just across the street & also Gilmours Wholesale, multiple schools close by, and easy Motorway access just around the corner. War Memorial Park is across the road for the wee ones to play.
This property will be sold. Do the maths and make an offer, one lucky buyer is going to get a genuine bargain.
