4d/250 Richmond Road, Grey Lynn, Auckland

Positioned in a serene cul-de-sac, this 1-bedroom, 1-bathroom apartment with a single carpark is a treasure at 4d/250 Richmond Road, Grey Lynn, Auckland. Constructed in 1999 with mixed materials for the walls and iron for the roof, the property stands in good condition both inside and out. It boasts a floor area of 45 square meters and is governed by a Unit Title. The latest valuation reflects a Capital Value of $640,000 as of June 2021, a significant increase of 23.08% from its $520,000 valuation in July 2017. The property's allure is further enhanced by its low-maintenance lifestyle, secure parking, and personal storage locker.

History shows a promising trend with the property's HouGarden AVM set at $622,500, and recent sales on June 19, 2024, for $500,000, and October 2, 2017, for $250,000. This is an ideal investment opportunity with a current rental yield of $420/week and a reasonable body corporate fee. The location is prime, being close to Countdown supermarket, Farro, and Cox's Bay, with easy access to Ponsonby Road, Jervois Road, and the West Lynn village for all your lifestyle needs.

For families with school-aged children, the property falls within the decile 8 Western Springs College and Richmond Road School zones, and the decile 9 Ponsonby Intermediate, with the option of Auckland Girls' Grammar School, a decile 3 secondary school. This combination of location, value growth, and educational opportunities makes it an attractive option whether you're nesting or investing.

Updated on August 07, 2024