2/178 Lake Road, Northcote, Auckland - North Shore

Nestled in the heart of Northcote, Auckland, this 1994-built residence boasts a practical layout with 3 generous bedrooms, a well-maintained fibrous cement exterior, and a robust iron roof. It sits on a cross-lease title with a floor area of 110 square meters, and a single carpark. The property's capital value has seen a rapid increase from $770,000 in July 2017 to $900,000 as of June 2021, reflecting a growth rate of 16.89%. The latest sale records from 2003 and 2002 indicate a significant appreciation in value. Currently valued at $862,500 by HouGarden AVM, this home presents a lucrative opportunity for both first home buyers and investors.

With a CV increase that outpaces the market average, this property is not just a dwelling but a sound investment. The low-maintenance home features open plan living, dining, and a lounge area, with easy care sections and decking at both the front and rear. It's located in a quiet cul-de-sac, just a short walk from shops, restaurants, and public transport, with convenient access to motorways in all directions.

For families with school-aged children, the property falls within the zones of Onepoto School (Decile 1), Northcote Intermediate School (Decile 6), and Northcote College (Decile 7), ensuring access to quality education at all levels.

Updated on October 07, 2024