40 Fairview Crescent, Omiha, Auckland

Nestled in the serene Omiha, this residential vacant land at 40 Fairview Crescent boasts a freehold title and spans across 1,308 sq m with a steep rise contour. The property, which enjoys inspiring sea views capturing the extensive inner Gulf, has been in the market for the first time in 32 years. Its strategic location allows for an 8 to 10-minute walk to the beach and is serviced by two roads, facilitating convenient car and boat parking. The site is complete with new survey pegs marking the extensive boundaries. Notably, the property is priced $80,000 below the current CV of $600,000, reflecting a growth of 27.66% since 2017.

History shows a promising trend with the latest sale recorded at $575,000 in 2024, a significant increase from the $382,000 sale in 2020. HouGarden AVM estimates the property's value at $582,500, aligning closely with the market sentiment.

For families with children, the Waiheke Primary School, a full primary with a decile rating of 7, is in the zone. This property not only offers potential for capital appreciation but also a quality educational opportunity.

Updated on August 21, 2024