Nestled in the esteemed Kohimarama neighbourhood, this 811 sqm freehold property on Rawhitiroa Road boasts a 199 sqm single-level bungalow from the 1940s. With a roof of tiles and wooden walls, it offers 4 bedrooms, 2 carparks, and a versatile layout. The home, set in a level contour, is screened by mature trees and features partial updates, including a large central foyer, separate living and dining areas, a light-filled kitchen, and a well-established garden with a north-facing patio. The capital value has seen a 20% increase from $2,750,000 in 2017 to $3,300,000 as of June 2021, with a HouGarden AVM of $3,220,000, reflecting the property's growth potential.
With a prestigious school zone that includes Kohimarama School (decile 10), Baradene College (decile 9), Selwyn College (decile 4), and St Ignatius School, this property is not just a family home but also a wise investment. Its Mixed Housing Suburban zoning presents opportunities for developers and renovators alike, whether it's rebuilding high-end homes or restoring the existing structure to its former glory.
Conveniently located near transport and a short walk to Madills Farm Reserve and the vibrant Kohimarama beachfront, this property is a rare find in the Bays area, ready for the next chapter of its story.
Updated on August 20, 2024