2/92 Titirangi Road, New Lynn, Auckland - Waitakere

Nestled in a serene cul-de-sac at 2/92 Titirangi Road, New Lynn, Auckland, this residential ownership home unit offers a promising investment. The 47sqm floor area includes one bedroom, one bathroom, and a single carpark. Constructed in 1974 with iron roofing and concrete walls in good condition, this cross-lease property sits on a land with an easy/moderate fall contour. The capital value has seen a significant increase from $440,000 in 2017 to $590,000 as of 2021, reflecting a growth of 34.09%. This is not just a house; it's a potential goldmine for those who see beyond the current state of the stripped-down framing, waiting to be transformed into a cozy home with added skylights.

With a HouGarden AVM of $562,500 and a latest sale history of $245,000 in 2013 and $195,020 in 2008, this property presents a lucrative opportunity. Ignore the CV and online estimates, as they're based on a completed, liveable home. The owner has started the project, and now it's your turn to finish it. With building consent already granted, although now lapsed, and located within walking distance to cafes, shops, and a park, this is a project that promises big profits.

For families, the school network is a significant plus. The property falls within the zones of Kelston Intermediate (Decile 2), Kelston Boys' High School (Decile 3), Kelston Girls' College (Decile 2), Fruitvale Road School (Decile 4), and Blockhouse Bay Intermediate (Decile 5), ensuring quality education for all ages.

Updated on October 11, 2024