35 Cedar Terrace, Stanmore Bay, Auckland - Rodney

Nestled on an elevated, sun-drenched freehold site of 1,022sqm, 35 Cedar Terrace presents a golden opportunity for the discerning buyer. This well-maintained residence from the 1970s boasts 3 bedrooms, 1 bathroom, and a single carpark, with a floor area of 99sqm. The property features a tile roof and wooden exterior walls in good condition, sitting on a land with an easy to moderate fall contour. Notably, the capital value has seen a significant increase of 22.1% from $770,000 in 2017 to $940,000 as of June 2021. The HouGarden AVM estimates the property at $872,500, while the latest sale was recorded in 2004 at $304,000.

With a CV growth that outpaces the market average, this property is not just a home but a sound investment. The Stanmore Bay School, a contributing primary with a decile rating of 8, and Whangaparaoa College, a secondary school with a decile rating of 9, are within the desirable school zone. The location is further enhanced by its proximity to the New World shopping centre and the upcoming Penlink project, making Cedar Terrace an even more attractive address.

For those seeking a property with potential for renovation or extension, or for first home buyers and investors looking to enter a promising market, this home is a must-see. The combination of land, location, and potential makes it an unbeatable offer where you truly get more for your money!

Updated on May 28, 2024