Nestled in the heart of Auckland Central at 1c/71 Lorne Street, this residential apartment boasts a practical layout with 2 bedrooms and 1 bathroom. Constructed in 1994 with concrete walls and an iron roof, both of which are in good condition, this unit title property offers a level contour and a floor area of 73 square meters. The property's capital value has seen a growth of 11.32% from $530,000 in July 2017 to $590,000 as of June 2021, reflecting a promising investment potential. The latest sale history also indicates a significant increase, from $375,000 in July 2013 to $630,000 in October 2024.
According to the HouGarden AVM, the property is valued at $537,500, providing a competitive edge in the market. The absence of car parks might be a drawback, but the prime location and well-maintained structure more than make up for it.
For families with school-aged children, the property falls within the zones of Auckland Grammar (Secondary, Decile 9), Ponsonby Intermediate (Intermediate, Decile 9), Freemans Bay School (Contributing, Decile 6), and Auckland Girls' Grammar School (Secondary, Decile 3), ensuring access to a range of highly regarded educational institutions.
Updated on December 11, 2024
