32 Tomo Street, New Lynn, Auckland - Waitakere

Nestled in a serene cul-de-sac at 32 Tomo Street, New Lynn, Auckland, this freehold property boasts 4 bedrooms and a single carpark. Constructed in 1950 with wood walls and tiled roofing, it offers a floor area of 163sqm on a spacious 1006sqm lot. The property's Capital Value (CV) has seen a remarkable increase from $1,050,000 in 2017 to $1,775,000 as of June 2021, reflecting a growth rate of 69.05%. The HouGarden AVM estimates the property's value at $1,424,500, while the latest sale in October 2022 was for $1,306,000.

For families, the property falls within the decile 2-rated Kelston Intermediate and Kelston Girls' College, as well as the decile 3 Kelston Boys' High School. It's also close to the decile 7 Glen Eden Intermediate and the Fruitvale Road School, ensuring a variety of educational options. The site, with its approved Resource Consent for 11 terraced homes, presents a golden opportunity for developers seeking high yields and maximum gross floor area in a prime location.

Just 850m from Fruitvale Train Station and within easy reach of local amenities, this property is not only an ideal family home but also a strategic development proposition. With its extensive road frontage and MHU zoning, it's set to fetch interest at the auction scheduled for 10 October 2024.

Updated on November 05, 2024