1664 Great North Road, Avondale, Auckland

Nestled on the border of Waterview, this elevated 754m2 property with a wide road frontage is a gem for developers and investors. The site, zoned for Terrace Housing and Apartment Buildings, currently hosts a residentialVacant land with a rich history, built in 1890 with iron roofing and wooden walls. It boasts 3 bedrooms and 3 bathrooms within its 122m2 floor area, under the freehold title. Despite the poor condition of the walls and roof, the site's potential is undeniable, with a CV of $2,025,000 as of June 2021, showing a 67% increase since 2017. The latest sales history showcases transactions at $1,686,957 in 2024 and $1,810,000 in 2020, while HouGarden AVM estimates the value at $1,975,000. Educationally, the property falls within the decile 2 Avondale Intermediate, decile 4 Avondale College, and decile 3 Avondale Primary School zones, making it an attractive prospect for families. Its strategic location, with views of Heron Park and the Waitemata Harbour from the second level, is just a short stroll from local amenities and a brief drive to the CBD.

With easy access to storm water and waste water, and being situated in a prime location with potential views and convenient motorway connections, this property presents a golden opportunity that's hard to come by.

Updated on August 01, 2024