Grammar Zone – Rent to Own Opportunity

10 Lion Place, Epsom, Auckland 1023

For Sale

Price By Negotiation

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Listing Reference #1161 . Listed: 23 Sep 2020

Property Specs

  • Bedrooms2
  • Bathrooms2
  • Living Rooms1
  • Dining Rooms1
  • Floor Area58 m2
  • MaterialConcrete
  • TypeApartment
  • TitleStratum in freehold
  • Year Built2017
  • Rateable Value$760,000

Phone Number

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Seller's Description

Yes, this is a unique opportunity, and we are inviting expressions of interest from professionals, young families, and investors who would like to buy a property in the Grammar Zone and live in it under a rent-to-own arrangement.

You can move in as a tenant, with your weekly rent contributing toward reducing the loan principal and overall balance. Flexible options are available to buy now and settle in 1, 2, 3, or even 5 years, making this an ideal solution for buyers who have a deposit but may find current loan servicing challenging.

Interest Rates Based on Bank published rates and flexible settlement
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How the Rent-to-Own Option Works

• Agree on a fixed purchase price upfront
• Choose a settlement timeframe: 1, 2, 3, or 5 years
• Pay an initial deposit (typically around 20%, negotiable)
• Live in the apartment while making weekly payments:
o A portion reduces the principal
o The remainder covers interest, based on published bank rates
• Settle early at any time if you’re ready

The price is locked in from day one, meaning any capital growth is yours.
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Example – 1-Year Rent-to-Own

• Purchase price: $769,000
• Deposit (20%): $153,800 (negotiable)
• Balance after deposit: $615,200
• Weekly payment: approx. $757 per week
• After 12 months, the balance reduces to approx. $603,230

Longer terms are available, with the purchase price increasing by $20,000 per additional year.

Property Details

This is a near-new luxury two-bedroom, two-bathroom apartment, located in the heart of highly sought-after Epsom. The apartment is fully furnished and centrally positioned within the Grammar Zone, with close proximity to Mt Eden Village, Newmarket, Auckland Hospital, Auckland Domain, the University of Auckland, Ponsonby, Kingsland, and other popular entertainment areas. Easy access to motorways adds further convenience.

You’ll enjoy being within a short walk to local designer stores, cafés, restaurants, train stations, and bus services. The brand-new $790 million Westfield Newmarket shopping centre is just a 13-minute walk away.

The complex features a swimming pool and a well-equipped gym.

Additional Features

Sold fully furnished with quality European kitchen appliances

High-quality furniture and whiteware included

Option to purchase furnished or unfurnished

Investor’s dream – easy to rent

Currently rented long-term at $949 per week

Floor area: 58sqm + 8sqm balcony (more or less)

One large storage unit included

Viewing strictly by appointment.

Special Features

Deck. Pool.

Locality / Area

Newmarket School: 461m .
Auckland Normal Intermediate: 2.1km .
Auckland Grammar: 315m (4 minutes walk) .
St. Peters college: 150m (2 minutes walk) .
Epsom Girls' Grammar School: 1.1km .
Grafton train station: 350m .
Auckland City Hospital .
Auckland domain .
Epsom Girls' Grammar School: 1.1km.

Other Details

Services
  • Water supplyCouncil
  • Septic systemCouncil
Property Condition
  • InteriorModernised
  • ExteriorWell presented
  • GardenNone
Chattels

Included in the sale: Fixed Floor coverings. Window coverings. Light fittings. Stove. Hob/Cooktop. Oven. Dishwasher. Range hood. Heated towel rails. Alarm system. TV aerial. Shelving. Refrigerator. Washing machine. Light shades. Freezer. Dryer. LED Light Bulbs. Blinds. Curtains. Sky Dish. HRV system.

Tenancy Info

The property is currently tenanted but will not be tenanted post sale.

Downloads for 10 Lion Place, Epsom

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