118b Richardson Road, Mount Albert, Auckland

Nestled in the serene Richardson Road of Mount Albert, Auckland, this 1980s residential dwelling on a cross-lease title boasts 3 bedrooms and 1 bathroom. Constructed with fibrous cement walls and an iron roof, this 95 square meter home sits on a level contour with average wall and roof conditions. The property's capital value has seen a significant increase from $860,000 in 2017 to $1,150,000 as of June 2021, reflecting a growth rate of 33.72%. The latest sale was recorded at $725,000 in 2024, a substantial rise from the $125,500 sale in 1993.

Valued at $1,155,000 by HouGarden AVM, this property is not only an attractive investment but also a perfect family home. It is located in a quiet cul-de-sac, providing both tranquility and convenience with easy access to the CBD and amenities like cafes and shops. The property falls within the highly sought-after school zones of Mt Albert Grammar School (decile 7), Owairaka District School (decile 3), and Wesley Intermediate (decile 1).

Zoned for excellent schools, this home offers the opportunity for quality education. Mt Albert Grammar School, in particular, is a secondary school catering to years 9-15. Whether you're looking for a place to raise a family or an investment with promising returns, this property is a must-consider.

Updated on October 02, 2024