234 Forestry Road, Waitoki, Auckland - Rodney

Nestled on a serene 14.8 hectares, this freehold property at 234 Forestry Road, Waitoki, Auckland - Rodney, is a diamond in the rough. Built in 1920, the home boasts 3 bedrooms, a spacious floor area of 120 square meters, and is complemented by an iron roof and wooden exterior walls in average condition. The property includes a carpark and is situated in a quiet cul-de-sac with easy to moderate fall contour. With a government capital value of $2,350,000 as of June 2021, this property has seen a CV increase of 9.30% since July 2017, reflecting its investment potential. The latest sale history includes a transaction in 2024 for $2,100,000 and another in 2007 for $1,800,000, while the HouGarden AVM estimates the property's worth at $2,307,500.

Educationally, the property falls within the zones of Waitoki School, a full primary with a decile rating of 8, and Kaipara College, a secondary school catering to years 9-15 with a decile rating of 7. This provides a solid foundation for families with school-aged children. Despite the home being unhabitable and in need of attention, the land offers a good water supply, sheltered positioning, and deer fencing, presenting a rewarding opportunity for the right buyer willing to invest time and money into returning this property to its former glory.

Marketed with the teaser 'DIAMOND JEWEL now in the rough!', this property is set for a Deadline Sale on 18th October. It's a chance to polished a rough gem into a brilliant investment.

Updated on November 07, 2024