7 Korau Road, Greenlane, Auckland

Nestled in the prestigious Greenlane area on 7 Korau Road, this 1937-built bungalow with a freehold title offers a prime opportunity on a 921m2 section. The property boasts 3 bedrooms, 1 bathroom, and a single carpark, featuring wooden walls and tiled roofing in average condition. With a CV of $3,425,000 as of June 2021, it has seen a 22.32% increase since July 2017. The HouGarden AVM estimates the property at $3,185,000, making it an attractive prospect for investors, developers, or homeowners looking for a slice of Auckland's most desired locations.

History shows that this property has been a cherished family home since the 1960s. It now awaits new owners to restore it to its former glory or explore development opportunities, given its MH Suburban zoning. The potential for adding value is immense, especially with the prospect of being in the Auckland Grammar and Epsom Girls' Grammar School zones, both decile 9 institutions. The surrounding schools, including Baradene College and Cornwall Park District School, are also of high decile ratings, ensuring top-flight education for the kids.

For those seeking a sound real estate investment with a touch of history and excellent educational prospects, this property presents a golden opportunity. The auction date is set, and the vendor is highly motivated, having already secured their next property. Now is the time to name your price and embark on a new chapter in this double grammar zone gem.

Updated on July 05, 2024