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29/18 Oteha Valley Road, Albany, Auckland - North Shore, 2 Bedrooms, 0 Bathrooms, Warehouse

Sold: Sold price unknown

Sold on 2024 Year 2024 Month 11 Day 15

29/18 Oteha Valley Road, Albany, Auckland - North Shore

2
142m2

Nestled in the heart of Albany, this distinctive mixed-use property at 29/18 Oteha Valley Road boasts a prime location, with close proximity to top-performing schools. Constructed in 2018 with a mix of materials for the walls and iron for the roof, this unit title property features 2 bedrooms, 1.5 bathrooms, and 2 carparks, all within a floor area of 142 square meters. The property presents a CV of $960,000 as of June 2021, showcasing a significant increase of 18.5% from its $810,000 valuation in July 2017. The latest sale was recorded at $800,000 in October 2019, while the HouGarden AVM estimates the property's worth at $950,000.

With a contour that's level and a wall and roof condition that's good, this property is not just a residential haven but also a lucrative investment opportunity. It's located within the decile 10 Albany Senior High School and the decile 9 Albany School zones, ensuring top-notch education for the family. The property's versatile layout allows for dual rental income, live-and-earn setups, or personal business ventures, making it a golden chance to enter the thriving Albany market.

Educationally, the property is served by the Albany Senior High School (Year 11-15), Albany School (Contributing), and Albany Junior High School (Year 7-10), all of which are highly rated. This combination of location, quality, and investment potential makes it an unbeatable choice for those seeking a sound property investment in the North Shore area.

Updated on November 15, 2024

Council Data

Last update : 2025 01 22
Improvement value$560,000Increased by 6% from year 2017
Land value$400,000Increased by 40% from year 2017
CV(Year 2021 Month 06)$960,000Increased by 18% from year 2017
ContourLevel
Floor area142m²
Decade of construction2018
Title801374
Type of titleUnit Title
Legal descriptionUNIT 31 DP 508449 AU31A AU31B
CouncilAuckland - North Shore
Estate descriptionSTFH,1/1,PRINCIPAL UNIT 31 AND ACCESSORY UNIT 31A, 31B DEPOSITED PLAN 508449
Council rates$6,052.05
2023/2024
ConditionExternal Walls: Good
Roof: Good
ZoningBusiness - Light Industry Zone

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Albany Senior High School
0.62 km
Secondary
11-15
Government
Co-Educational
EQI: 440
10
Albany School
1.46 km
Primary
1-6
Government
Co-Educational
EQI: 384
9
Albany Junior High School
2.74 km
Secondary
7-10
Government
Co-Educational
EQI: 408
10

Property history

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For developers

Unitary plan:Business - Light Industry Zone
Land:-
Title:Unit Title

Surrounding facilities

Oteha Valley Road Neighborhood and Surrounding Data

Suburbs

Data analysis - Albany properties data
Sales count(Last 12 months)
23View
Type: Unit
Sales median price(Last 12 months)
$660,000
Low: $483,000, High: $780,000
Rent median price(Last 12 months)
$600
Low: $350, High: $795
Albany property trend
Year
Median price
Growth
Sales count
2024
$660,000
-1.6%
26
2023
$671,000
-1.7%
19
2022
$682,500
-9.3%
18
2021
$752,500
17.6%
68
2020
$640,000
10.3%
46
2019
$580,000
-2.5%
38
2018
$595,000
0.8%
64
2017
$590,000
23.7%
65
2016
$477,000
9.7%
46
2015
$435,000
11.8%
66
2014
$389,000
-
47

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
0.13 km
1
1
40m2
Year 2024 Month 11 Day 15
$465,000
Council approved
303/22 Library Lane, Albany
0.24 km
2
2
72m2
Year 2024 Month 11 Day 01
-
Council approved
0.13 km
1
1
44m2
Year 2024 Month 08 Day 29
$480,000
Council approved
605/24 Library Lane, Albany
0.24 km
1
1
52m2
Year 2024 Month 08 Day 14
-
Council approved
0.23 km
1
1
52m2
Year 2024 Month 08 Day 08
$525,238
Council approved

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