2/368 Ellerslie-Panmure Highway, Mount Wellington, Auckland

Welcome to a charming property that could be your next home or a promising investment. Nestled in a quiet cul-de-sac at 2/368 Ellerslie-Panmure Highway, Mount Wellington, Auckland, this residential unit boasts 2 bedrooms, 1 bathroom, and a single carpark. Constructed in 1950 with brick walls and tiled roofing, it sits on a level contour with an average condition for both walls and roof. The 50 square meter floor area is complemented by a heat pump for comfort. This cross-lease property has seen a significant increase in Capital Value (CV), rising from $520,000 in 2017 to $680,000 as of June 2021, a growth of 30.77%. The HouGarden AVM estimates it at $622,500, while the latest sales were at $248,000 in 2011 and $120,000 in 2003.

For families, the property falls within the zones of Baradene College (Decile 9), Stanhope Road School (Decile 4), and One Tree Hill College (Decile 3), offering a range of educational options. Its convenient location provides easy access to Lunn Avenue and Sylvia Park for shopping and entertainment, with central transport hubs nearby for added convenience.

With the vendor relocating overseas and an urgent sale required, this very affordable property in a sought-after location is a golden opportunity that should not be missed.

Updated on December 12, 2024