Located at 14 Taratoa Street, Point England, Auckland - City, this property presents a golden opportunity for developers, land bankers, and investors alike. The property features a freehold title over a substantial 794 sqm (approx.) of level, partially fenced land zoned for Mixed Housing Urban. The rectangular block boasts easy street access, ideal for smooth development processes. Constructed in 1950, the property includes a wooden exterior with tile roofing, both in average condition, and accommodates 3 bedrooms, 1 bathroom, and 2 car parks within a 90 sqm floor area. It sits in a prime location close to essential amenities, Mt Wellington, Panmure basin, Tamaki Estuary, and within walking distance to Boundary West Reserve and Point England West Reserve.
The property's capital value has seen a significant increase, from $1,080,000 in July 2017 to $1,380,000 in June 2021, marking a 27.78% growth. The latest HouGarden AVM estimates its value at $1,357,500. Historical sales data reveals a steady appreciation, with sales recorded at $370,000 in March 2008 and $620,000 in September 2014. This trajectory underscores the property's potential for substantial returns on investment.
Education is a key feature of this location, with the property in zone for Ruapotaka School (Full Primary, decile 1), Tamaki College (Secondary Year 9-15, decile 1), and Baradene College (Secondary Year 7-15, decile 9). These schooling options make it an attractive proposition for families looking to build their homes in a community with accessible education facilities.
Updated on March 21, 2024.
