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128 Wellington Street, Howick, Manukau City

Auction, 18 Aug 2026 18:00

6

3

1,024m²

Block Of Three Flats - Freehold Title!

27 Year Investors Cash Out!

This is an opportunity for proactive buyers to reposition weekly rental incomes to further enhance yield.

All three flats are rented on a periodic basis to long - standing tenants who would very much like to stay.

The recently obtained rental appraisal suggests that:

Unit 1 may achieve between $510.00 - $530.00 per week.

Unit 2 may achieve between $480.00 - $500.00 per week.

Unit 3 may achieve between $510.00 - $530.00 per week.

Of course, should a renovation be undertaken, these returns would soar!

You work out the yield yourself on this Yield Calculator:

https://www.opespartners.co.nz/calculators/rental-yield.

So, do you:

Landbank, and retain the existing tenants?

Develop the site (subject to council approval, thanks to Mixed Housing URBAN Zoning)

Renovate the existing dwelling, and build instant equity.

This investment is the unique of unique - an opportunity that has stood the test of time, a block of three units on a Freehold Title consisting of 1024 m2 more or less.

The multi - tenancies do provide diversification of risk while still offering further upside in yield with further improvements made to the properties.

Make no mistake, my Vendor's instructions are extremely clear - they want this property SOLD on Auction Night!

Be a shame to miss it!

Additional details

Type

House

Property ID

HOW44337

Listed on

28/07/2026

Updated

2 days ago

Auction1

Tue, 18 Aug

06:00PM

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OneRoof estimateRating valuationProperty history

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OneRoof mentions

Listed for sale on OneRoof for 3 days (last updated on 28 July) and was last sold in 1998 for $330,000. Its latest rating valuation by Manukau City council is $1,980,000 as of 2024. This property has appeared in 8727 searches in the last 30 days. There are 17 6-bedroom properties for sale nearby. There are 157 properties for sale in Howick.

Property data

On OneRoof

2 days

Property Type

House

Floor Area

160m²

Land Area

1,024m²

About the area

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5 yrs

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Howick, Manukau City

Howick is a suburb which lies within the Territorial Authority of Auckland, one of 269 residential suburbs which form the wider region. Howick is the 35th largest suburb of Auckland in terms of the total number of residential housing stock. Howick provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1880 - 1889. The majority of the residential housing stock in the locality was constructed between 1960 - 1969. Residential housing stock in Howick is made up of approximately 95% residential housing and 5% residential investment housing properties.

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