11/697 New North Road, Mount Albert, Auckland

Nestled in the desirable Mount Albert area at 11/697 New North Road, this residential unit boasts a comfortable 30 square meters of floor area. Constructed in 1999 with concrete walls and a mixed-material roof, this unit comes with a 1-bedroom and 1-bathroom configuration, perfect for a starter home or investment. The property, held under a Unit Title, presents an average condition both inside and out. Notably, the capital value has seen a rapid increase from $320,000 in 2017 to $470,000 as of June 2021, reflecting a growth rate of 46.875%. The HouGarden AVM estimates the property's worth at $455,000, while the latest sale history shows a significant appreciation from $125,000 in 1999 to $180,000 in 2007.

For families with children, the property falls within the zones of several reputable schools. Mt Albert School, a contributing school with a decile rating of 6, is nearby. Additionally, Mt Albert Grammar School (decile 7) and Kowhai Intermediate School (decile 7) are options for secondary and intermediate education, respectively. Auckland Girls' Grammar School, a secondary school with a decile rating of 3, is also within reach.

Set in a tranquil cul-de-sac, this property is minutes away from local amenities and public transportation, offering both convenience and a peaceful living environment. With potential for renovation and personalization, this could be the ideal opportunity for a first-time buyer, investor, or anyone looking to add value to their property portfolio.

Updated on July 18, 2024