[SOLD] Excellent Opportunity for an Affordable Slice of Papatoetoe!

1/87 Wallace Road, Papatoetoe, Auckland - $379,145

If you are after an affordable investment in a prime location, which will easily attract an excellent tenant, your search ends here!


  • Price: $379,145
  • Gross Yield: Potential 6%
  • Capital Value: $250,000
  • Rent Appraisal: $425 - $440 p/w
    Written Appraisal available to potential purchasers
  • Annual Rates: $1,371
  • Estate Type: Stratum in Freehold
  • Floor Area: 90m2
  • Annual Body Corporate Fee: $2,175.83

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If this property is not quite what you are looking for, contact the agent today to discuss finding a property directly for you.

Additional Information

On offer here is a 2 bedroom, 90m2 (spacious), open-plan brick unit. Solidly constructed in the 1960's, it has recently undergone a renovation including a new bathroom, new kitchen and painting throughout. A newly laid concrete driveway leads up to its own carport located right next to the unit. There is also an area available for a second vehicle.

The property is located on the ground floor allowing ease of access and has its own private sun drenched courtyard.

Opportunities offering a potential gross yield of 6% at an attractive price are far and few between in Auckland these days, making this investment both an excellent starter or an addition to your current portfolio.


Within walking distance to Papatoetoe plus Puhinui Train stations (10 - 15 Mins)

Close proximity to Southern and South Western Motorways (1, 20)

Handy to bus stops, local shops, supermarkets and Auckland International Airport.

Within 1km of the Heart of Papatoetoe.

Maxine Clason-Thomas
Licensed Salesperson - REAA 2008

021 990 252

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This property is SOLD
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Agent Contact Details

Maxine Clason-Thomas
Licensed Salesperson - REAA 2008

021 990 252

I used Maxine to buy an apartment while overseas, she was very quick to reply to all my questions. Working with her made the whole process go a lot smoother. She understands the struggles of buying Property while overseas so she helped me out in anyway she could. I would highly recommend her.

Moemen Elbeltagi

Maxine persevered with us investigating many properties in a very challenging market, before completing a successful purchase.

We were very pleased with her determination to find the right deal for us, in particular as we are out of NZ, and need to rely heavily on local knowledge and advice.

John & Penny

It has been a pleasure to work with Maxine on this purchase. I found her to be personable, responsive, intelligent & experienced, very helpful and available.