5 Severn Street, Grafton, Auckland

Located at 5 Severn Street, Grafton, Auckland - City, this unique property falls under the category of Industrial - Multiple/other, boasting a floor area of 145 square meters and a land area of 288 square meters. The freehold property features a wood construction with an iron roof, both in fair condition, reflecting its building age of 1920. It offers ample parking space with 4 carparks, catering to both residential and commercial needs.

Over the years, the property has seen a significant increase in its capital value, growing from $1,160,000 in July 2017 to $1,475,000 by June 2021, marking a 27.15% increase. The HouGarden AVM estimates its value at $1,450,000. Its sale history reveals a remarkable journey from a $60,000 sale in July 1984 to its latest transaction at $777,200 on January 18, 2024.

The property is strategically located within excellent school zones, including Auckland Grammar and Epsom Girls' Grammar School, both with a decile rating of 9, Newmarket School and Kowhai Intermediate School, each with a decile of 7, and Auckland Girls' Grammar School with a decile of 3. This makes it an ideal choice for families prioritizing education.