Hi, I have been interested in investment properties for a while and have recently inherited a freehold section in redoubt road in manukau. As it is freehold I was going to use this as equity to buy my first property. I will be living in this house for a couple of years while we dream up a new house to build on the section. Can anyone please advise where in south auckland is good to buy?
Here are my thoughts.
1. Mangere, spend about $450000 on a fully renovated house 3 beddy with a big site. 600-800sq m
2. Flat bush, spend about $500000 on a really small site 3 beddy.
3. Mangere east, spend about $580000 on a large site with an income property on site to rent for about $150-$200 a week. Main house is 3 beddy.
4. Goodwood heights small site big house $550000
5. Otara varies big and small sites about $380000 to about $500000
6. Otahuhu with water view 3 beddy with possibility to Reno basement and put income property. Big site 600sq m
Any advice would be great as I don't want to go into big debt without good advice
thanks
Here are my thoughts.
1. Mangere, spend about $450000 on a fully renovated house 3 beddy with a big site. 600-800sq m
2. Flat bush, spend about $500000 on a really small site 3 beddy.
3. Mangere east, spend about $580000 on a large site with an income property on site to rent for about $150-$200 a week. Main house is 3 beddy.
4. Goodwood heights small site big house $550000
5. Otara varies big and small sites about $380000 to about $500000
6. Otahuhu with water view 3 beddy with possibility to Reno basement and put income property. Big site 600sq m
Any advice would be great as I don't want to go into big debt without good advice
thanks
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