662 Mount Eden Road, Mount Eden, Auckland

Nestled in the heart of Mount Eden, this charming 1920s bungalow on a Freehold 567m2 site at 662 Mount Eden Road offers a rare opportunity. With 3 bedrooms, 1 bathroom, and 3 car parks, this property boasts a floor area of 95sqm and is constructed with concrete walls and tiled roofing, both in good condition. The property, with a capital value of $1,950,000 as of June 2021, has seen a 30% increase since July 2017, reflecting a growing investment value. The site's easy/moderate rise contour allows for potential expansion or addition of a new dwelling, subject to council approval.

History shows a promising trend with the latest sale at $1,500,000 in August 2018, up from $650,000 in November 2009. The HouGarden AVM estimates the property's worth at $1,815,000, making it an attractive prospect for investors. This residence is located in the prestigious Double Grammar Zone, with schools like Auckland Grammar and Epsom Girls' Grammar School, both decile 9, in close proximity, ensuring top-notch education for your children.

Centrally located, it's convenient to everything from shopping and entertainment to public transport and motorway access. The property's potential for adding value, combined with its prime location, makes it an affordable entry into a high-value area. Whether you're looking for a family home or a wise investment, this property is a blank canvas waiting to be transformed.

Updated on May 31, 2024