2/73 Symonds Street, Royal Oak, Auckland

Nestled in the serene cul-de-sac of Symonds Street, this 1970-built, brick-clad unit boasts a well-maintained Iron roof and a floor area of 80 square meters. It's a 2-bedroom, 1-bathroom home with a cross-lease title, perfect for those seeking a low-maintenance property that exudes both charm and convenience. The capital value has seen a significant increase from $750,000 in 2017 to $1,050,000 as of June 2021, reflecting a growth rate of 40%. The property also features a secure lockup garage and is part of a small, four-unit complex, ensuring privacy and a sense of community.

With a HouGarden AVM of $1,005,000 and a latest sale price of $815,000 in February 2024, this property presents a solid investment opportunity. The previous sale in 2006 was for $325,000, highlighting the property's consistent value appreciation over the years. Its location is a prime draw, being within walking distance to local shops and amenities in Royal Oak, with easy access to public transport and motorways.

For families with school-aged children, the property falls within the zones of Royal Oak Intermediate School, Royal Oak School, and Onehunga High School, all of which are known for their high decile ratings. Baradene College, a secondary school with a decile rating of 9, is also in close proximity. This unit is not just a home; it's an investment in a desirable lifestyle and education.

Updated on April 10, 2024