Finding a three-bedroom home in Papatoetoe at this price is not easy!
Yes, this is a Unit Title property, but before you dismiss it, let's look at what the Body Corporate fee actually means.
The Body Corporate fee includes the building insurance-an expense every property owner needs to pay anyway. After allowing for the insurance cost, the estimated additional expense is only around $1,000 per year.
And that money is not simply wasted. It contributes towards the management, maintenance and care of the shared areas, helping to keep the overall development properly maintained.
In return, the Unit Title gives you the opportunity to purchase a three-bedroom Papatoetoe home at a much more affordable entry price.
Why 101 Malaspina Place is worth considering:
• Three genuine, generously sized double bedrooms
• Internal-access single garage
• Private backyard
• Peaceful reserve outlook
• Close to Middlemore Hospital
• Easy access to motorways and public transport
• Close to shops, schools and local amenities
• Currently rented for $650 per week
• Building insurance included in the Body Corporate fee
For investors, this property is especially attractive. Tenants are generally more interested in the location, condition and convenience of a home than whether it is Unit Title or Freehold.
Regular Body Corporate levies used for insurance, administration and general maintenance may also generally be claimed as a rental property expense, depending on the investor's circumstances and how the funds are used. Please seek independent tax advice.
Papatoetoe offers excellent access to Auckland City, Middlemore Hospital, transport, shopping and other amenities. The property also backs onto a reserve, giving it a peaceful and pleasant outlook.
The Unit Title is one of the reasons you can secure this home at such an affordable price. You can enjoy the home or rental income now, with the opportunity to benefit if the market strengthens in the future.
Under $600,000 for three bedrooms, a private yard and a garage in Papatoetoe-this opportunity is well worth viewing.
Call or message Kimberly Kim for further information or to arrange a private viewing.
This image has been digitally altered to show the property's potential. Buyers should rely on their own inspection.
*Digitally enhanced for marketing purposes. Buyers should rely on their own inspection.
PLEASE NOTE: Specified floor and land area sizes have been obtained from sources such as Property Guru, Auckland Council (LIM) or Title documents. They have not been measured by the Salesperson or LJ Hooker Southern Partners - Southern Suburbs Realty Ltd. We recommend you seek your own independent legal advice if these sizes are material to your purchasing decision.
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