Nestled on the serene Pukeora Avenue, a picturesque tree-lined cul-de-sac in Remuera, Auckland, stands a charming property with immense potential. This freehold residence, built in 1959 with wooden walls and tiled roofing, offers 5 spacious bedrooms, 329sqm of floor area, and a generous 2-car park space. The 1,933sqm land with an easy/moderate contour is perfect for those dreaming of a tranquil haven. The property's Capital Value (CV) has seen a remarkable increase of 24.14% from $4,350,000 in 2017 to $5,400,000 as of June 2021. HouGarden AVM estimates it at $5,175,000, making it an attractive investment. Furthermore, being in the catchment area of top-rated schools like Baradene College (Decile 9) and Meadowbank School (Decile 10), this property is not just a home but a smart investment for the future.
History shows a promising trend with the property's value on the rise, and recent sales in the area indicate a high demand for such properties. The existing structure, with its good wall condition and average roof, provides a solid foundation for renovation or potential subdivision, given the property category allows for Residential Mixed Housing Suburban use. Whether you choose to restore the existing character or build new, the possibilities are endless in this idyllic setting.
For families with educational priorities, the property falls within the zones of Remuera Intermediate (Decile 8) and Selwyn College (Decile 4), in addition to the aforementioned schools. This ensures access to quality education at all levels. With Upland Road's amenities within walking distance, convenience and tranquility are harmoniously combined, making this an offer too good to pass up.
Updated on April 15, 2024