2/17a Kawau Road, Greenlane, Auckland

Nestled in the serene Greenlane neighborhood, this 2-bedroom, 1-bathroom unit presents a golden opportunity for first-time homebuyers or investors. Constructed in 1950 with brick walls and an iron roof, this residential property is part of a small block of 4 Cross-lease properties, eliminating the hassle of body corporate fees. The 60sqm floor area is complemented by all-day sun and a covered carport right outside the door. The property has seen thoughtful renovations, making it ready for immediate occupation. Currently tenanted for $600 a week, the unit offers a potential investor the chance to add to their portfolio with a stable income stream. With a recent Capital Value (CV) of $750,000 as of June 2021, and a CV increase of 38.89% since July 2017, the property also boasts a HouGarden AVM of $720,000. The latest sale history includes transactions in 2018 for $550,000 and in 2015 for $425,000. This property is situated in a prime school zone, with Baradene College (Decile 9), Remuera Intermediate (Decile 8), Oranga School (Decile 3), and One Tree Hill College (Decile 3) all within reach.

Updated on April 26, 2024