498 Swanson Road, Ranui, Auckland - Waitakere

Nestled in the tranquility of a quiet cul-de-sac at 498 Swanson Road, Ranui, Auckland, this residential-vacant land with multiple housing potential boasts a freehold title. Constructed in 1961 with wood walls and an iron roof, the property presents an average condition both inside and out. It features 3 bedrooms, 1 bathroom, and a generous 97 square meters of floor area, complemented by 3 carparks and a level 905 square meter land area. The property's capital value has seen a remarkable increase from $850,000 in 2017 to $1,840,000 as of June 2021, reflecting a growth rate of 116.47%.

With a HouGarden AVM of $1,765,000, this property holds a promising investment prospect. Historically, it has been a prime choice for those seeking potential and convenience, being in close proximity to shopping and amenities, with the added bonus of Ranui Reserve right over the back fence. The property is zoned for terraced housing and apartment building, offering a range of development opportunities.

For families with school-aged children, the property falls within the decile 3 school zones of both Waitakere College (Secondary, Year 9-15) and Henderson Intermediate. This combination of location, potential, and investment value makes it an absolute winner in the property market.

Updated on October 22, 2024