38a Boakes Road, Mount Wellington, Auckland

Nestled in the serene cul-de-sac of 38a Boakes Road, this charming 1950s residential dwelling in Mount Wellington, Auckland, boasts 3 bedrooms, 1 bathroom, and a spacious floor area of 110 square meters. The property, with its Iron roof and well-maintained Wood exterior walls, is set on a level contour and is governed by a Cross-Lease ownership. The capital value has seen a significant increase, rising from $870,000 in July 2017 to $1,150,000 as of June 2021, reflecting a growth rate of 32.18%. This home, SOLD at Auction, presents an opportunity for easy living with potential for personal touch, featuring a separate modern kitchen, a wrap-around north-facing deck, and a versatile living space that can be adapted for various uses.

With a HouGarden AVM of $1,102,500 and a history of sales, including $165,000 in August 2001 and $215,000 in February 1996, this property holds a promising investment value. The convenient location near public transport, shopping centers, and motorway access further enhances its appeal. The property falls within the decile 9 Baradene College zone and is also close to Stanhope Road School (decile 4) and One Tree Hill College (decile 3), making it an ideal choice for families with educational considerations.

Whether you seek a new family home or a sound investment, this property's combination of classic charm, strategic location, and promising capital growth trends make it a rare find in the current market.

Updated on April 26, 2024