71 Princes Street, Otahuhu, Auckland

This exceptional property located at 71 Princes Street, Otahuhu, Auckland - City, is a testament to architectural brilliance and meticulous maintenance. Built in 1970, this residential rental flat, purpose-built for comfort and style, spans a generous floor area of 385 square meters on a substantial 936 square meter freehold land. The property boasts mixed materials for its walls, ensuring durability and aesthetic appeal, while the iron roof construction complements its robust design. The condition of both the walls and roof is rated as good, indicating a well-preserved structure. The property's level contour adds to its accessibility and ease of development.

From a financial perspective, the property has seen a significant appreciation in value, with the capital value increasing from $2,375,000 on July 1, 2017, to $3,200,000 on June 1, 2021, marking a 34.73684210526316% increase. The latest HouGarden AVM estimates the property's value at $3,067,500. Notably, the property last changed hands on July 19, 2002, for $550,000, highlighting its substantial growth in value over the years.

The property is zoned for Otahuhu College, a secondary school catering to years 9-15 with a decile rating of 1, and Fairburn School, a contributing primary school also with a decile rating of 1. This ensures access to quality education within a supportive community environment.

Updated on April 04, 2024.