This classic 2003 brick home is the perfect blend of size, value, and location — and it comes with an exceptional investment opportunity. Currently leased to Housing New Zealand until 28th February 2027 at Gross rent of $3642.22 per month. Long-term tenants have occupied the home for many years, a well-kept interior, tidy garage and shed, and a beautifully cultivated back garden. This is a secure, hands-off investment opportunity, ideal for savvy investors seeking reliable income with the added benefit of an existing property manager.
With the HNZ lease already in place, you’ll benefit from guaranteed rent for 52 weeks of the year, annual rent reviews aligned with the CPI, and professional property management — so you won’t need to deal with tenants directly. Even better, at the end of the lease term, Housing New Zealand will reinstate the property to its original condition (less fair wear and tear), protecting your asset for the future. You’ll also have the flexibility to sell at any time with the lease still in place.
Inside, this spacious home captures lots of natural sunlight and fresh air throughout the day. It offers five bedrooms, two separate bathrooms, and a generous open plan kitchen, dining, and living area.
The large double internal access garage provides secure parking, plus there’s additional off-street space for extra vehicles. Sitting on a well-sized 486sqm section. Located in a family-friendly area of Mangere, there are several parks nearby, a range of local schools within easy reach, and the main shopping hub is just minutes away.
An ideal addition to your investment portfolio, this property has a fully refurbished tile roof and is fully compliant with Healthy Homes standards — including insulation, kitchen extractor fan, a heat pump, and draught stopping. A true turnkey investment.
Contact Kanwal Singh on 021 081 52567 for more information about viewings, or for copies of documentation about this property.
