43 Gavin Street, Ellerslie, Auckland

Nestled in the serene Gavin Street, a quiet cul-de-sac in Ellerslie, Auckland, lies this impressive residential rental flat complex, built in 1957 with a freehold title. The property boasts 5 bedrooms, a spacious floor area of 257sqm, and is set on a generous 880sqm section with brick walls and an iron roof in average condition. This is not just a home, but a sound investment with a capital value that has seen a growth of 37.25% from $1,275,000 in 2017 to $1,750,000 as of June 2021. The HouGarden AVM estimates the property's worth at $1,478,500, making it an attractive prospect for investors looking to capitalize on the property's potential.

History shows that the property was sold for $195,000 in 1994 and $155,000 in 1992, indicating a significant appreciation over time. This property presents a golden opportunity to add value through strategic renovations, potentially increasing rental returns and investment yields. It's a perfect blend of a lucrative investment and a comfortable living environment, zoned for the highly-rated Ellerslie School and One Tree Hill College, with a decile rating of 9 and 3 respectively.

For those with an eye for prime educational zones, this property is a winner, being also in the catchment area of Baradene College, a secondary school with a decile rating of 9. Whether you're after a secure investment with a promising CV growth track record or a family home in a top-notch school zone, this property is a rare find that promises returns on investment and a desirable lifestyle.

Updated on May 09, 2024