46 Ellerton Road, Mount Eden, Auckland

Nestled on an elevated 826sqm site at 46 Ellerton Road, Mount Eden, this versatile freehold property is a gem in Auckland's sought-after residential area. Constructed in 1920 with wood walls and iron roofing, the average-conditioned home boasts 4 bedrooms, 3 carparks, and a generous floor area of 154sqm. The property, with its easy-to-moderate rise contour, offers a tranquil family haven or a prime development opportunity, having secured resource consent for four free-standing, two-storied houses or an eight-unit terrace housing development subject to council approval.

As per the latest valuation records, the capital value has seen a 15.38% increase from $2,275,000 in June 2017 to $2,625,000 in June 2021. The HouGarden AVM estimates the property's value at $2,557,500, while the latest sales history shows transactions at $1,420,000 in March 2019 and $2,790,000 in May 2022, indicating a high growth potential. This property is not just about numbers; it's about the lifestyle and educational opportunities provided by the surrounding schools, including Auckland Normal Intermediate (Decile 9), Mt Albert Grammar School (Decile 7), Maungawhau School (Decile 10), and Auckland Girls' Grammar School (Decile 3).

Whether you're seeking a peaceful family residence, a smart land banking option, or a lucrative development project, this property in the Residential Mixed Housing Suburban zone is a golden opportunity. With expansive views of Mount Eden and mere minutes from cafes, shopping, and top-rated schools, this is prime real estate waiting to be unlocked.

Updated on July 26, 2024