2/27 Lancing Road, Sandringham, Auckland

Nestled in the heart of Sandringham, Auckland, this 1972-built residence offers a promising investment opportunity. The property, featuring 2 bedrooms, 1 bathroom, and a single carport, is set on a level contour with concrete walls and tiled roofing in average condition. It is registered under a Cross-Lease ownership. With a floor area of 60 square meters, this home unit provides a blank canvas for creative renovation. The capital value has seen a significant increase from $580,000 in 2017 to $750,000 as of June 2021, reflecting a growth rate of 29.31%. The HouGarden AVM estimates the property's worth at $695,000, while the latest sales history shows a progression from $320,000 in 2006 to $375,000 in 2007.

From an investment perspective, the property is located in a prime educational zone. It is served by highly regarded schools such as Mt Albert Grammar School (Decile 7) and Edendale School (Decile 6), with Balmoral School (Zone B, Decile 9) and Auckland Girls' Grammar School (Decile 3) also within reach. This address not only boasts a thriving educational community but also convenient access to Westfield St Lukes Shopping Mall, local cafes, and Gribblehirst Park, making it an ideal blend of lifestyle and convenience.

With its solid foundation and immense potential, this property is an attractive prospect for project-driven homeowners, builders, and investors seeking a quick-fix opportunity that promises sustainable returns. The central location and the property's growth trajectory make it a hot commodity in the market. Don't miss your chance to inspect and secure this property while the opportunity is ripe.

Updated on May 07, 2024