13 Morriggia Place, Bayview, Auckland - North Shore

Nestled at 13 Morriggia Place, Bayview, Auckland, on a Freehold titled section, this residential property boasts 5 bedrooms, 2 carparks, and a floor area of 160 square meters on a sprawling 989 square meter land. Constructed in 1970 with average condition Fibrous Cement walls and Iron roofing, it presents a prime opportunity for developers, renovators, or buyers seeking a substantial family home with potential for passive income. The property's Capital Value (CV) has seen a remarkable increase of 76% from $810,000 in 2017 to $1,425,000 as of June 2021. HouGarden's AVM estimates the property's value at $1,392,500, making it an attractive prospect in a rapidly appreciating market.

With a history of recent sales and a CV that speaks of growth, 13 Morriggia Place is set in a quiet cul-de-sac, enhancing privacy and tranquility. The property's potential is further bolstered by its proximity to Bayview School, a Contributing school with a decile rating of 7, and Glenfield Intermediate School, rated decile 6. This established neighborhood is not only family-friendly but also fosters an active and social community.

For those with an eye on education, this property falls within a sought-after school zone. The combination of a strong CV growth trajectory, a high-performing school network, and the potential for subdivision, as evidenced by neighboring properties, makes 13 Morriggia Place a compelling investment opportunity.

Updated on August 30, 2024