6% plus yield - Cost effective entry property

This comfortable one bedroom one bathroom unit has one car parking space and is less than 600m to Panmure train station. Cost effective real estate never looked so attainable, whether you are looking for your first home, an ideal lock up and leave for out-of-towners, or a cheap and easy investment to keep your capital safe whilst offering a fantastic return.

Conveniently situated between numerous shopping, restaurants and entertainment options at Lunn Ave, Ellerslie village and Sylvia Park. SH1 is a short drive away along with the main arterial route to east Auckland. For the leisure seekers enjoy your weekends up Mt Maungarei, around Panmure's idyllic basin or walk to the new trail on Dunkirk reserve with views to Half Moon Bay across the Tamaki estuary .

Location is key when it comes to astute buying and this desirable block oozes convenience at a price that seems almost unbelievable in today's expensive market.

Buyers' attention: The floor size is 36sqm and banks require an increased deposit/equity to facilitate their lending criteria, please contact with your broker and/or bank to get more information.

For auction sales results from Ray White Ellerslie, other sales stats for Mt Wellington and local suburbs, new listings and market news check out www.facebook.com/MtWellingtonRealEstate.