44 Kate Sheppard Avenue, Torbay, Auckland - North Shore

Located at 44 Kate Sheppard Avenue, Torbay, Auckland - North Shore, this property presents a unique opportunity for co-ownership, extended families, and developers with vision. The residence boasts 4 bedrooms, 2 bathrooms, and a substantial double garage with additional space for a games or workshop area. The property spans a floor area of 234m² and sits on a generous land area of 1280m². Constructed in 2000 with roughcast walls and an iron roof, both in good condition, this freehold property offers a level contour and is categorized as Residential - Vacant land multiple housing. The home features a master bedroom with its own lounge on one level, and three additional bedrooms on a separate level, complemented by a family bathroom and separate toilet. The living spaces include a second separate lounge and an open plan dining/kitchen area, leading out to decking that extends the entertainment space. A level front lawn provides a perfect play area for children, all set in a quiet and secluded setting with all-day sun and lovely views across the valley.

The property has seen a capital value increase of 22% from $1,000,000 in July 2017 to $1,220,000 in June 2021, reflecting its desirability and potential for growth. The latest sale on January 7, 2024, was for $1,275,000, up from $975,000 in April 2017. The HouGarden AVM estimates the property's value at $1,170,000, indicating a strong investment opportunity under the Kiwi Bank Co-Ownership Scheme. With 700m² of undeveloped land at the rear offering side access, the property also comes with a Subdivision Feasibility Report, making it an attractive option for developers.

Located within the zones of top-rated schools, including Long Bay College, Glamorgan School, and Northcross Intermediate, all with a decile rating of 10, this property is perfectly positioned for families prioritizing education. The owners' love for the home is evident in its peaceful setting, unique design, and the natural beauty of its surroundings, making it an ideal choice for those seeking a distinctive and spacious family home or development opportunity.

Updated on April 06, 2024.