145g Morrin Road, Saint Johns, Auckland

Nestled in the heart of Saint Johns, Auckland, this industrial-light manufacturing property at 145g Morrin Road boasts an impressive floor area of 177 square meters. Constructed in 1980 with iron roofing and wooden walls in average condition, it carries a Unit Title ownership. The property, situated in a quiet cul-de-sac, is a prime example of a steadily appreciating asset.

Since 2017, the Capital Value (CV) has seen a remarkable increase of 85.07%, jumping from $670,000 to the current $1,240,000 as of June 2021. The HouGarden AVM estimates the property’s worth at $1,250,000, while the latest sale records from July 2024 indicate a transaction price of $800,000, a significant improvement from the $130,000 sale in 1999.

For families with educational concerns, the property falls within the zones of several reputable schools. Baradene College, a secondary school with a decile rating of 9, caters to Year 7-15 students. Selwyn College, a secondary school with a decile rating of 4, and Stonefields School, a full primary with a decile rating of 9, are also in close proximity. Tamaki College, a secondary school with a decile rating of 1, is another option in the area.

Updated on September 11, 2024