Buying an apartment in Auckland is all over the place these days. New banking restrictions make it much harder to get finance for off-the-plan purchases, with so many new builds turning out to be less than expected. And then your 18-month-wait can stretch into 2 years or, worse, never happen at all as developers go belly up.
If all that makes you nervous about buying your own apartment off the plans, we don’t blame you. But apartments are not all created equal. Peppered throughout Auckland are gorgeous, established, time-tested homes, with the same convenience as a new build – but with much less to worry about. And lucky for you, here’s one that exactly meets that description.
4/5 Balfour Road – convenience, character
Nestled in a leafy street off Parnell Village, close to the shops and restaurants on Parnell Rise and Britomart, this is an apartment built for easy living.
Built in the 1950s, its proportions put new builds to shame, and large wood-framed windows make the generous interior feel bright and spacious. You’ll be top-floor, north-facing with a view over stately homes and mature, leafy trees.
Warm wood in floors, doors and trim add a homey charm to the good-sized living spaces, separate kitchen and two roomy bedrooms, spread over 70m. Add the medium-high stud and it’s a perfect space to relax or entertain in classic elegance.
It’s very near the CBD, and if you like getting out on your bike, it’s just a pedal away from the new cycleway. Don’t forget the rose garden and beaches – they’re right close by too.
Fiona, who’s owned and lived in this apartment for several years, says one of her favourite things about the place is the location.
“I never thought of Parnell as a place for young people, but it’s great. So close to everything we wanted – the cycleway, the beach, restaurants and bars. And it’s actually closer to the central city than Ponsonby. That surprised me.”
Solid build, strong community
This apartment is one of six units in a small block away from the city noise. The building is brick and stucco, with an easy-care tile roof and solid timber framing that have stood the test of time. No leaky home syndrome here!
Half of the apartments are owner-occupied, and that means you’ll have quiet neighbours who value community and help run the building through a committee.
“It’s beautiful, living here” says Fiona. “I love the trees, I love the wooden floor and I love the quiet. Everyone’s friendly and considerate, and we all share the work in our little veggie patch. I never imagined I could have home-grown veggies living in an apartment.”
You’ll find it a whole lot easier to get your bank on board with this time-tested property. It’s not a speculative venture, or still on a plan, so you shouldn’t have any trouble convincing your bank manager of it’s value.
Scrap the plans
Leave the new builds behind and get into the advantages of established character and solid foundation. Talk to The Property Market today about this opportunity to enjoy the big city in peace and quiet elegance.
Call us now on 09 965 3656 for an appointment to view this character apartment.