Nestled in the heart of Albany, Auckland, at 20/3 The Avenue, this residential unit title property boasts 2 bedrooms, 1 bathroom, and 2 carparks. Constructed in 1997 with wood walls and an iron roof, both in good condition, the property sits on a level contour and offers a comfortable floor area of 53 square meters. The property's capital value has seen a rapid increase from $390,000 in July 2017 to $520,000 as of June 2021, reflecting a growth rate of 33.33%. This is a property that's hard to find, with restaurants, bars, cafes, and shopping at your doorstep, and the beautiful Browns Bay Beach just a few minutes away by car.
With a HouGarden AVM of $500,000 and a latest sale history of $450,000 in January 2019, this unit presents a great investment opportunity. The property's government valuation history and the potential for further capital value growth make it an attractive prospect for both first-home buyers and investors. The location is further enhanced by its proximity to highly-rated schools, including Albany Senior High School (Decile 10), Albany School (Decile 9), and Albany Junior High School (Decile 10).
Don't miss the chance to secure this property in a sought-after school zone, where the combination of quality education and a thriving local community make it an ideal place to call home. This is Albany's best buy at just $549,000!
Updated on April 26, 2024
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $671,000 | -1.7% | 19 |
2022 | $682,500 | -9.3% | 18 |
2021 | $752,500 | 17.6% | 68 |
2020 | $640,000 | 9.4% | 46 |
2019 | $585,000 | -2.5% | 37 |
2018 | $600,000 | 0.8% | 60 |
2017 | $595,000 | 24.7% | 63 |
2016 | $477,000 | 9.7% | 46 |
2015 | $435,000 | 11.7% | 66 |
2014 | $389,500 | - | 46 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.29 km | 3 | 2 | 168m2 | 2024年03月18日 | $1,025,000 | Council approved | |
 | 0.18 km | 3 | 3 | 168m2 | 2024年03月15日 | $930,000 | Council approved | |
 | 0.21 km | 2 | 1 | 53m2 | 2024年03月05日 | $560,000 | Council approved | |
0.15 km | 3 | 110m2 | 2024年02月16日 | $1,100,000 | Council approved | |||
0.17 km | 3 | 3 | 168m2 | 2024年02月08日 | $905,000 | Council approved |