16 Banks Road, Mount Wellington, Auckland

Nestled at 16 Banks Road, on the cusp of North Mount Wellington and Ellerslie, lies this exquisite freehold property, a sanctuary of contemporary design and timeless appeal. With 5 bedrooms, a floor area of 238sqm, and a generous land area of 462sqm, it boasts of a 'Good' wall and roof condition, both constructed with wood and iron respectively. This residence, built in 2019, is a prime example of modern living, with a ducted heat pump and a host of high-end features.

As for its financials, the property's Capital Value (CV) has seen a 24% increase from $1,250,000 in 2017 to $1,550,000 as of 2021. The HouGarden AVM estimates it at $1,440,000, while the latest sale was recorded at $1,325,000 in 2020. Its value has been on a consistent upward trajectory, making it a sound investment.

For families with children, the property falls within the zones of Baradene College (Decile 9), Stanhope Road School (Decile 4), and One Tree Hill College (Decile 3), ensuring access to quality education. The location provides easy access to motorways, public transport, and shopping hubs like Sylvia Park and Lunn Avenue, making it a perfect blend of convenience and comfort.

Updated on May 23, 2024