Nestled in the serene Pakuranga Heights, at 22 Larne Avenue, lies this exquisite freehold property, a perfect blend of comfort and potential. Constructed with durable iron roofing and well-maintained wooden walls, this home boasts 5 bedrooms, 3 carparks, and a generous floor area of 179sqm on a land area of 741sqm. The property's capital value has seen a remarkable increase from $1,135,000 in 2017 to $1,650,000 as of June 2021, reflecting a growth rate of 45.37%. The HouGarden AVM estimates the property's worth at $1,607,500, while the latest sale history shows a promising trend, with the property selling for $235,000 in 2002 and $224,000 in 1997.
For families with school-aged children, the property is zoned for top-rated educational institutions. The nearby Sancta Maria College, with a decile rating of 7, and Edgewater College, rated 2, are among the secondary options. Pakuranga Intermediate, at a decile of 3, and Elm Park School, rated 5, cater to intermediate and contributing levels respectively. This property not only promises a quality education for your children but also presents a sound investment opportunity with a potential rental income of $65,000 per annum.
Set in a quiet cul-de-sac, this property is a gem for those seeking a home with income potential or a wise investment. The separate water and power meters for the main house and minor dwelling make it an ideal choice for those looking to manage their rental income effectively. With its easy-maintained lifestyle and proximity to amenities, this property is a must-consider for a wide range of buyers.
Updated on August 19, 2024