Nestled at 25 Selwyn Avenue, Mission Bay, Auckland, this prestigious residential property boasts 4 bedrooms and 3 carparks, standing on a freehold land of 745 sqm. Constructed in 1950 with brick walls and tiled roof, the dwelling enjoys an average condition both in walls and roof. The property, with a floor area of 179 sqm, is situated on a site with an easy/moderate fall contour, offering stunning harbour views and a private entrance for independent accommodation. Notably, the capital value has surged by 27.27% from $2,475,000 in 2017 to $3,150,000 as of June 2021, with a HouGarden AVM estimate of $3,017,500, well below the market value.
History shows a latest sale in 2012 for $1,100,000, indicating a significant appreciation over the years. The property is not only a fabulous family home but also presents a unique development opportunity, given its Mixed Housing Urban zoning. Moreover, it's within an excellent school zone, including Baradene College (decile 9), Selwyn College (decile 4), and Kohimarama School (decile 10), making it an ideal choice for families.
With a prime location, prestigious street, north-facing aspect, and immense development potential, this property is a golden opportunity for savvy buyers. It's a chance to secure a slice of paradise, just a five-minute walk from the iconic Mission Bay beach, and to bank on land for your family's future.
Updated on October 21, 2024