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
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.09 km | 3 | 1 | -m2 | Year 2024 Month 12 Day 10 | - | Council approved | |
 | 0.09 km | 4 | 244m2 | Year 2024 Month 10 Day 13 | $1,420,000 | Council approved | ||
 | 0.17 km | 5 | 2 | 301m2 | Year 2024 Month 09 Day 14 | $1,575,000 | Council approved | |
 | 0.15 km | 3 | 1 | 118m2 | Year 2024 Month 09 Day 13 | - | Council approved | |
 | 0.10 km | 3 | 1 | 118m2 | Year 2024 Month 08 Day 23 | - | Council approved |