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3 Galilee Avenue

Red Hill Auckland

3
2
6
90 m²
683 m²
House
Currently for sale - view listing

Overview

ATT: INVESTORS & DEVELOPERS:

Immediate Cash Flow: $1,090 per week Zoning: Mixed Housing Urban (Development Potential) The Overview Smart investors look for these things right now: immediate yield to carry the holding costs, and a massive exit strategy. This property hands you both on a silver platter. With $1,090/week already rolling in from dual tenancies, your bank manager will love the serviceability while your surveyors draw up the subdivision plans (of course with territorial authority consent). Why This Belongs In Your Portfolio: Immediate $1,090/Wk Dual Income: No waiting for renovations or trying to find tenants. The cash flow is live from day one, significantly offsetting your mortgage holding costs. 5.5% to 6% ROI High-Density Development Potential: Situated in a high-growth zone under the Mixed Housing Urban framework. Flat, accessible land ripe for multi-unit intensification (subject to council approval). Location is Key: Papakura is rapidly expanding. Minutes away from public transport hubs, motorway access, and local amenities, ensuring high future resale demand for whatever you build. The Strategy Options: Land Bank & Collect: Enjoy a strong, diversified rental yield from day one and let capital growth do the heavy lifting. Develop Immediately: Leverage the high-density zoning to maximize the site's footprint and build high-demand terrace housing or units. Urgent Note: Sites that genuinely pay for themselves while you wait for consent are becoming incredibly rare in the current market. Ready to crunch the numbers? Don't let another investor beat you to the calculator. Call me today Please download property documents through this link: https://vltre.co/NUlrSE

Features

3 bedrooms
2 bathrooms
6 carspaces
4 open car spaces
2 garage spaces
90 m² floor area
683 m² lot size
House

Happy sellers in Red Hill

66%
66% of sellers in Red Hill reported that their sale price either exceeded or met their price expectations.

Red Hill stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 11 reviews in Red Hill over the last 12 months.

Local market activity for 3 bedroom houses in Red Hill

In the last 12 months, 19 three-bedroom houses similar to 3 Galilee Avenue, have been sold.

This represents a 63% decrease in three-bedroom houses sales when compared to the previous 12 months.

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