5 Cotesmore Way, Parnell, Auckland

Nestled in the serene Cotesmore Way, a quiet cul-de-sac in Parnell, Auckland, this 115m2 residential unit boasts a 3-bedroom, 2-bathroom layout with 2 car parks. Constructed in 2000 with wood walls and an iron roof, it presents an average condition both inside and out on a level contour. As a unit title property, it offers an affordable entry into the area with a government valued capital of $1,000,000 as of June 2021, a significant increase of 14.94% from its $870,000 valuation in July 2017. The property is equipped with a heat pump for comfort and boasts a HouGarden AVM of $1,005,000, reflecting its market potential. Notably, the latest sales were recorded at $360,000 in 2015 and $265,000 in 2007, indicating a steady growth trajectory.

For families with school-aged children, this property is zoned for the highly regarded Parnell School (Decile 9), Epsom Girls' Grammar School (Decile 9), Western Springs College (Decile 8), and Auckland Girls' Grammar School (Decile 3), offering a range of educational options. The convenient location provides easy access to Parnell Village, Auckland Universities, and the CBD, making it an ideal choice for professionals, students, and families alike. Please note that this property is on a leasehold with the ground lease extending to 2146, with reviews every 7 years.

With the vendors moving on, this property presents a golden opportunity to secure a slice of the inner-city lifestyle at an attractive price point.

Updated on September 20, 2024