9b Meadow Street, Mount Wellington, Auckland

Nestled in the serene environment of 9b Meadow Street, Mount Wellington, Auckland, this residential ownership home unit boasts a comfortable floor area of 80 square meters. Constructed in 1974 with brick walls and tiled roofing, this one-bedroom, one-bathroom home is a cross-lease property. The average condition of both walls and roof adds to the charm of this ideally located home near the motorway, transport, amenities, and Sylvia Park. With a property contour that's level, it's a perfect opportunity for a personal touch in a quiet neighborhood.

History shows a promising increase in the capital value, from $510,000 in July 2017 to $700,000 as of June 2021, indicating a growth rate of 37.25%. The HouGarden AVM estimates the property at $650,000, while the latest sale records from 2016 and 2007 reflect a sale price of $470,000 and $184,000 respectively. This property is indeed a wise investment considering the increasing capital value.

For families with school-going children, the property falls within the Otahuhu College zone, a secondary school catering to years 9 to 15 with a decile rating of 1. This home, being under $500,000 with no body corporate fees, is a rare find in today's market and is ready for your consideration.

Updated on July 02, 2024