5/6 Patterson Street, Sandringham, Auckland

Nestled in the tranquil cul-de-sac of Patterson Street, Sandringham, Auckland, this charming 2-bedroom, 1-bathroom unit with a single carport is a gem for both investors and homeowners. Constructed in 1979 with mixed materials for the walls and iron for the roof, this cross-lease property sits on a level contour with an average wall and roof condition. The 73sqm floor area is thoughtfully designed with bedrooms upstairs and living areas downstairs, complete with two enclosed courtyards for privacy and a north/west facing outdoor experience. All windows are double glazed, ensuring comfort and energy efficiency. The property's CV has seen a significant increase from $680,000 in 2017 to $880,000 as of June 2021, reflecting a growth of 29.41%. The HouGarden AVM estimates the property's value at $820,000. With easy access to Eden Park, Kingsland shops, train station, and major bus routes, this property is not only conveniently located but also within the zones of highly regarded schools such as Edendale Primary (Decile 6), Balmoral Intermediate (Decile 9), and Mt Albert Grammar (Decile 7), offering an excellent opportunity for families.

As an investor, you'll find solace in the property's history of trouble-free tenancy, with the current owners ready to retire after 30 years of investment. For first-time buyers, it's a chance to enter the market and turn rent payments into mortgage equity. Don't miss this chance to secure your place in an up-and-coming city fringe location.

For those seeking top-notch education, the property falls within the catchment area of some of Auckland's best schools. With a range of deciles and school types, including secondary and primary, the options are vast for children of all ages, ensuring a bright future for the young ones.

Updated on May 22, 2024