66 Malvern Road, Morningside, Auckland

Nestled in the serene Malvern Road, this freehold property boasts a charming residential - home and income opportunity. Constructed in 1946 with roughcast walls and tiled roofing, it offers 3 bedrooms, 2 carparks, and a sprawling 189sqm floor area on a levelled 573sqm land. The property presents a fair condition both in walls and roof, inviting potential investors to rebuild or develop on this Mixed Housing Suburban site. As of June 2021, the capital value has soared to $1,650,000, marking a 50% increase from its $1,100,000 valuation in July 2017. The HouGarden AVM estimates the property at $1,582,500, hinting at a lucrative investment prospect.

Education wise, the property falls within a desirable school zone, including Pasadena Intermediate and Western Springs College, both decile 8, and Mt Albert School, contributing with a decile 6 rating. Higher educational institutions like Mt Albert Grammar School and Auckland Girls' Grammar School are also in close proximity, offering diverse options for secondary education. This, coupled with the property's strategic location near Fowlds Park, Eden Park, and the trendy Ponsonby, ensures a perfect blend of nature, convenience, and connectivity.

Here is your chance to craft your ideal lifestyle in a prime location, surrounded by reputable schools and vibrant neighborhoods. Whether you choose to renovate and reap rewards or explore development possibilities, this property is a golden opportunity waiting to be seized.

Updated on October 22, 2024