Nestled at 11 Woody Bay Road, Rakino Island, Auckland, this residential vacant land boasts a freehold title, offering a steep fall contour and an ironconstructed roof and walls from the year 2000. The site presents an average condition with a reasonably level building area and a serene bush backdrop, all within a 12-minute walk to Woody Bay Beach. It's an affordable section in the heart of Rakino Island, accessible in just 40 minutes by Belaire Ferry from Auckland CBD, making it a great starting point to own a piece of one of the Gulf's Best-Kept Secrets.
Since the latest sale in 1997, the capital value has seen a significant increase, from $150,000 in 2017 to $260,000 as per the June 2021 government valuation, reflecting a growth of 73.33%. The HouGarden AVM mirrors this value, indicating a stable investment opportunity in this quiet island haven.
For families, the school zone is a significant draw, with Rakino Island being part of a decile-rated school system that ensures quality education. This property is strategically located to take advantage of these educational facilities, adding further value to the package.
Updated on September 16, 2024