5/77 Old Lake Road, Narrow Neck, Auckland - North Shore

Nestled in the serene Narrow Neck, this 1969-built residential unit boasts a prime location, just 600 meters from the Narrow Neck Beach and Cafe. The 50sqm floor area is efficiently utilized with an open-plan kitchen and lounge that seamlessly transitions to a deck, perfect for leisurely morning coffees. It comes with a single bedroom, bathroom, and is equipped with an iron roof and fibrous cement walls. This cross-lease property has seen a 25% increase in Capital Value from $480,000 in 2017 to $600,000 as of June 2021. The latest sale was recorded at $511,030 in 2018, with the HouGarden AVM estimating the property at $582,500. It's an ideal investment with a current tenant keen to stay or a perfect starter home for first-time buyers.

With a property contour that's level and a spacious communal garden, it's a haven for outdoor enthusiasts. The location is further enhanced by its proximity to golf, squash, tennis, and a gym, with convenient bus stops right outside for Devonport and Takapuna. It falls within the decile 10 school zones of Takapuna Grammar School, Belmont Intermediate, Belmont School, and Vauxhall School, ensuring top-notch education for the family.

Embrace the perfect blend of comfort, convenience, and prime location in this charming one-bedroom unit, which is perfect for retirees looking to downsize or for those seeking a lock-up-and-leave lifestyle in the heart of Devonport.

Updated on August 23, 2024