147 Nelson Street, City Centre
- This location has been autonomously mapped, it may not be exact.
147 Nelson Street, City Centre
SOLD
2 Room Flexi w/ Construction Guarantee <$500k
Less than 18 months ago, this modern, near new, 2 room flexi apartment with >5 years left on its original construction guarantee would have had a price tag >20% higher than what it's asking today.
Covid and inflation has really taken its toll. Now, with Covid in the rear view mirror and the economic outlook looking a lot more encouraging, things are starting to look up.
What if there's more downside to come?
Since the beginning of the year, the average apartment has seen a 20% increase in weekly rent due to a huge spike in demand with international students and short stay workers returning to our shores and tens of thousands of students retuning to campus. The lifeblood of our city is back and and putting significant upside pressure on artificially low values. More money coming in in rent means more demand which means values only have one way to go in the long run.
While that's positive for apartment owners, for anyone looking to buy it means your window of opportunity is getting smaller by the day.
Don't be that person looking back wishing that you would have acted. Pick up the phone now and within 5 minutes you'll understand the value proposition here.
There's a reason why they say you make your money when you buy, not when you sell. This is it!
Come and see 116/147 Nelson Street, Auckland Central, Auckland.
Note: Some photos used are of a similar unit in the same complex, some furniture and the outlook may be different. See chattels list for details. The chattels in the photos may vary from what is being sold, please check the chattels list if this is important to you.
Note: While the second bedroom may be used as a bedroom it is legally considered a study.
Facts & Features
Title Type
Freehold
Rates
$1573.82
Rental Appraisal
$560-$590 /week
Pets
Allowed with BC Consent
Chris Turnbull
Rory Hunt
Disclaimer: Apartment Specialist are often asked to give information as to the area or dimensions of properties, including rooms, decks and patios. Apartment Specialists sources such information from third party sources (for example Council records, building management records) and passes this on; unfortunately it is not uncommon for such information to be inaccurate. If exact and accurate sizes or dimensions is an important factor in your decision then you as Purchaser must make your own independent enquiry from your own chosen expert (for example a registered valuer).
Sneak Peek
Get a jump on the rest and get sent our latest listings before they go online.
