Nestled in the serene Fernwood Place of Wai O Taiki Bay, Auckland, this residential vacant land with a Freehold title is poised for development. The property, built in 1950, features average-condition Fibrous Cement walls and Tile roofing. It offers a floor area of 94 square meters and a land area of 869 square meters, with an easy to moderate fall contour. The 3-bedroom and 1-bathroom home includes a carpark, reflecting a comfortable lifestyle in a quiet cul-de-sac. Notably, the Capital Value (CV) has seen a significant increase from $1,320,000 in 2017 to $1,750,000 as of June 2021, marking a growth of 32.58%. The HouGarden AVM estimates the property's worth at $1,705,000, while the latest sales history shows transactions at $435,000 in both 2010 and 2007.
For families with school-aged children, the property falls within the zones of Baradene College, a Secondary school with a decile rating of 9, and Glenbrae School, a Full Primary with a decile rating of 1. Additionally, Tamaki College, another Secondary school with a decile rating of 1, is also in close proximity.
Updated on August 21, 2024