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Auckland, Grey Lynn home sells for $755,000 profit in seven months


Auckland, Grey Lynn home sells for $755,000 profit in seven months
13 Mar, 2021 04:00 PM
4 minutes to read
This Grey Lynn house resold earlier this week for a profit of about $100,000 a month higher than its previous sale in August. Photo / Supplied
Ben Leahy is a reporter for the New Zealand [email protected]
An Auckland villa bought last August has just been resold for a $755,000 resale jump - netting its owners more than $100,000 in capital gains per month.
The three-bedroom Grey Lynn home at 3 Schofield St sold at auction for $2.55 million on Wednesday as house prices continued to skyrocket.
The owners earlier paid $1.825m for the villa in August, with marketing photos from the time appearing to show little had been done to improve the property leading up to its incredible resale profit. ....

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