149 Nelson Street, City Centre
- This location has been autonomously mapped, it may not be exact.
149 Nelson Street, City Centre
$299,000
$59k deposit!!!
Positioned within the well-regarded Ascent complex, this one bedroom apartment represents one of the most affordable bank-friendly entry points currently available in the Auckland CBD market.
At over 40m², the apartment qualifies for lower deposit lending with a range of banks, immediately widening its appeal to first-home buyers. With pricing positioned right in-line with the lower end of any bank friendly stock on the market currently, these vendors are serious sellers and ready to meet the market making this a fantastic opportunity for one lucky buyer and a listing that's unlikely to hang around for very long as a result.
The building itself underwent a comprehensive recladding and remediation process completed around 2018, providing buyers with the confidence and security benefits that come with a renewed exterior system and modern compliance standards. The 10 year warranty period that followed this work is still in effect adding an additional layer of security that simply doesn't exist with most options on the market.
Ascent continues to stand out as one of the more proactive and well-managed apartment complexes in the CBD, supported by an engaged body corporate and on-site live-in building manager. This level of oversight and care gives owners genuine confidence in the long-term direction of the building.
Location remains a major strength. Positioned just off the motorway system and within easy reach of the City Rail Link, Victoria Park, K Road, Freemans Bay, and the wider CBD, the apartment sits in the path of ongoing infrastructure and residential improvement.
Whether you are looking for a straightforward city home or a low-entry investment with strong fundamentals, this is a smart opportunity in a building that continues to gain favor with informed buyers.
Note: The photos used are of a similar unit in the same complex; however, please note that the furniture, outlook, and finishes may vary. For more specific details, please refer to the chattels list
Facts & Features
Title Type
Freehold
Rates
$1553.76
Rental Appraisal
$450-$480 /week
Estimated Net ROI
6.45%
Pets
DeMaio Vilela
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).
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