114 Lake Road, Northcote, Auckland - North Shore

Nestled in the serene Northcote, 114 Lake Road stands as a charming freehold property on a 411m² site. It boasts 2 bedrooms, 1 bathroom, and 2 car parks, with a floor area of 90m². The property features brick walls and a tiled roof, both in average condition, setting a solid foundation for potential development. Historically zoned for a dental clinic since 1983, it now holds Residential - Terrace Housing and Apartment Building Zone status, hinting at a promising investment future. The government's capital value has seen a significant increase from $690,000 in 2017 to $950,000 in 2021, showcasing a growth rate of 37.68%. HouGarden AVM estimates the property at $927,500, with the latest sale recorded at $826,087 in 2024. Educationally, the property falls within the decile 1 Onepoto School, decile 6 Northcote Intermediate School, and decile 7 Northcote College zones, ensuring quality education for residents.

With its prime location, opposite the Town Centre, the property offers high visibility and easy access to amenities. It presents a golden opportunity for investors seeking a stable return with the potential for future growth. The low-maintenance brick-and-tile structure, coupled with its proximity to parks and reserves, adds to the property's allure. This is a rare find that combines the benefits of a central location with the potential for lucrative investment and development in a thriving area.

For those looking to secure a solid investment with future development prospects, 114 Lake Road is an unparalleled choice. Its strategic positioning near Northcote Shopping Centre, Takapuna Smales Business Park, and AUT ensures convenience and accessibility. Whether you're an investor or a developer, this property holds the key to unlocking a world of possibilities in Auckland's North Shore.

Updated on August 01, 2024