164a Hendon Avenue, Mount Albert, Auckland

Located at 164a Hendon Avenue, Mount Albert, Auckland - City, this residential dwelling boasts 3 bedrooms and a floor area of 112 square meters. Constructed in 1986 with fibrous cement walls and an iron roof, both in good condition, it sits on a level cross-lease land. Despite having no designated car parks, its strategic location and solid construction make it a noteworthy property. The property is described as being in need of some effort to unlock its full potential, but it promises great rewards for those willing to invest in it. With a declared reserve under $700,000 and situated just 15 minutes from the city center, it represents a value-focused buying opportunity.

The property has seen a significant increase in capital value, from $880,000 in July 2017 to $1,150,000 in June 2021, marking a 30.68% growth. The latest HouGarden AVM estimates its value at $1,130,000. It last sold for $105,000 on August 8, 1991, indicating a strong growth trajectory. This growth is supported by the area's large-scale rejuvenation projects and new dwellings, enhancing its future potential.

Education is well catered for, with Mt Albert Grammar School (Secondary, decile 7), Owairaka District School (Contributing, decile 3), and Wesley Intermediate (Intermediate, decile 1) serving the area. This property's location ensures easy access to amenities, transport options, and motorway access, making it a convenient and popular choice for families. The proximity to Mt Albert Grammar, local parks, shops, and a 6-minute drive to St Lukes further adds to its appeal.

Updated on March 22, 2024.