8b/4 Saint Paul Street, Auckland Central, Auckland

Nestled in the heart of Auckland Central at 8b/4 Saint Paul Street, this residential apartment boasts a single bedroom and bathroom, with a modest floor area of 34 square meters. Constructed in 2004, the property features concrete walls and an iron roof, both currently in a poor condition. The apartment is part of a unit title complex, sitting on a level contour and lacks a dedicated carpark. Despite these aspects, its prime location and potential for value appreciation make it an attractive investment.

As per the latest records, the capital value has seen a significant increase from $190,000 in July 2017 to $225,000 as of June 2021, marking a growth of 18.42%. The HouGarden AVM estimates the property's worth at $220,000, while the most recent sale on June 27, 2024, was concluded at $260,000, a stark contrast to the $87,000 sale price in March 2009, indicating a robust market trend.

For families with educational considerations, 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 August 01, 2024