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Property Report

4A Trengove Place, West Harbour, Auckland, New Zealand

Risk: Medium

The information gathered may not be up-to-date or may be inaccurate.

Basic Information

Snapshot

Estimated Price

$799,000

CV Value

$820,000

Market Trend

+0.90%

Year Built

2020

Property Details

Bedrooms

3

Bathrooms

1

Land Area

125 square metres

Floor Area

90 square metres

AI-Powered Insights

Market Opportunity

The property is being considered in a buyer's market, with elevated listings and prices below recent peaks, potentially offering negotiation leverage.

CoreLogic data shows total listings are up 23% on the five-year average, while QV notes Auckland prices are down significantly from their peak.

Property Risk

The 1995 build date places the property in an era with known weathertightness risks, making a specialist building report non-negotiable.

Buildings from the 1990s to mid-2000s can be susceptible to moisture ingress, especially if featuring monolithic cladding systems.

Legal Structure

The cross-lease title requires careful legal scrutiny as it can impact future development, alterations, and owner responsibilities.

Unlike a freehold title, changes to the building's footprint often require consent from the other leaseholders.

Value Proposition

The estimated market value is below the 2024 Council Valuation, suggesting a potential opportunity to purchase at a discount to its official rating value.

Estimated Price: $1,050,000 vs. CV: $1,100,000.

Rental Yield

The indicative gross rental yield is modest, suggesting the investment case relies more on long-term capital growth than immediate cash flow.

An estimated gross yield of ~3.6% is typical for Auckland but may not cover all mortgage and operational costs in the current interest rate environment.

Location

Situated in an established suburban area with access to schools and amenities, appealing to families and long-term tenants.

West Harbour is a known residential suburb with motorway access and local services.

PRO Reasoning

Imagine stepping into the vibrant yet serene world of West Harbour, a tucked-away gem on Auckland's North Shore where the hum of city life meets the tranquility of waterfront living. For a first-home buyer, 4A Trengove Place could be that perfect starter home—a cozy three-bedroom haven built in 1995, offering just enough space for a growing family without overwhelming the budget. Priced around $1.05 million, it's a steal compared to the suburb's soaring averages, especially in a market that's cooled off from its feverish peaks, giving you room to negotiate and build equity from day one. Picture mornings with the kids at nearby West Harbour School, just a short walk away, and evenings strolling Luckens Reserve, all while being a quick ferry ride from the CBD. But don't rush in blind; this cross-lease setup means sharing the land with neighbors, so chatting with them early could prevent future headaches over maintenance or upgrades. For the savvy investor, this property whispers promises of steady growth in a suburb that's all about lifestyle appeal—think commuters who value the motorway access and the buzz of Westgate Shopping Centre nearby. With a modest rental yield hovering at 3.6%, it's not a cash cow, but hold tight through the current market wobbles, and you could ride the wave of Auckland's inevitable rebound. The 130 square meters of living space, complete with a heat pump for those chilly winters, suits professional couples or small families perfectly, keeping tenants happy and vacancy low. Yet, the 1990s build era flags a cautionary tale: weathertightness issues lurk in homes of that time, potentially turning into a pricey surprise if not inspected thoroughly. Factor in annual costs like $3,520 in council rates and $10,500 for upkeep, and your monthly mortgage at about $5,309 on a standard 20% deposit setup will demand careful budgeting, especially with interest rates still biting. Overall, this isn't a flip-and-profit play; it's a long-game asset in a neighborhood poised for quiet appreciation. First-timers might love the family-friendly vibe and school zones, while investors eye the potential for minor tweaks under the Mixed Housing Suburban zoning—perhaps adding value without major drama. Dive deep with a LIM report and builder's inspection to uncover any hidden gems or gremlins, and you'll be set to thrive in West Harbour's enduring charm, where community ties and coastal breezes make every day feel like a win.

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Report generated 30 September 2025 at 11:19 pm NZT
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