3/3 Central Road, Kingsland, Auckland

Nestled in the prime location of Kingsland, amidst boutique businesses and vibrant urban life, stands a rare free-standing modern building with mixed-use design. This concrete-constructed two-level property features a spacious and stylish 2-bedroom apartment with high ceilings and a balcony, complemented by separate commercial space and a studio below, which could also be converted back to a double internal access garage. It's a perfect blend for work and home, or a 'home and income' setup. The property, with a floor area of 203 square meters and built in 1990, has an average wall and roof condition. It holds a Unit Title and is situated at 3/3 Central Road, Kingsland, Auckland. The roof is made of mixed materials, and the walls are concrete. The property's Capital Value (CV) has seen a growth of 22.73% from $880,000 in 2017 to $1,080,000 as of 2021. HouGarden AVM estimates the property's value at $1,052,500. The latest sales were recorded at $1,270,000 in 2024 and $1,350,000 in 2018. For families, the property falls within the decile 8 Pasadena Intermediate and Western Springs College zones, among others.

Investors are attracted to this city-fringe opportunity, which has a recent total income of $84,200 per annum and is close to the CBD with convenient access to motorways. Currently offered with vacant possession, this property invites a prompt inspection.

Educationally, the property is zoned for several well-rated schools, including Pasadena Intermediate and Western Springs College, both at decile 8, and Newton Central School at decile 7. Other schools in the area include Mt Albert School, Mt Albert Grammar School, Kowhai Intermediate School, and Auckland Girls' Grammar School, offering a range of options for families with children of different ages.

Updated on August 07, 2024