Buy Now, Settle Later – A Flexible Path to Ownership

This is a rare and flexible opportunity to secure a near-new apartment in the highly sought-after Grammar Zone, available under a rent-to-own arrangement — or as a straightforward purchase for buyers ready now.

Ideal for professionals, young families, and investors, this option allows you to move in immediately, with weekly payments helping you work towards ownership.

Instead of paying rent that goes nowhere, part of each weekly payment reduces the purchase price, just like a mortgage.
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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.
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Buy Now Option (Investors & Ready Buyers)

For buyers who are ready to proceed immediately, the apartment can also be purchased outright, bypassing the rent-to-own structure.

• Currently rented long-term at $949 per week
• Strong demand location
• Ideal for investors or owner-occupiers
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Property Highlights

• Near-new 2-bedroom, 2-bathroom luxury apartment
• Fully furnished (option to purchase furnished or unfurnished)
• Located in the Epsom Grammar Zone
• Walking distance to cafés, restaurants, public transport, and designer stores
• Close to Mt Eden Village, Newmarket, Auckland Hospital, University of Auckland, Ponsonby & Kingsland
• Just a 13-minute walk to the new Westfield Newmarket
• Easy motorway access
• Complex includes a swimming pool and gym
• One large storage unit included

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

• Body corporate & council rates shared 80% (buyer) / 20% (owner) during rent-to-own
• Utilities paid by the occupant
• Fully documented under a legally binding Sale & Purchase Agreement
• Each party pays their own legal costs
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Interested?
If you’re looking for a fair, flexible, and practical way to own or invest in the Grammar Zone, get in touch to discuss your preferred option or arrange a viewing.

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.