Nestled on a generous freehold section of 675m2 in the coveted Mixed Housing Suburban Zone of Kay Drive, Blockhouse Bay, this 1960-built property with brick exterior and iron roof presents a golden opportunity. Currently featuring three spacious bedrooms and a bathroom, the 118m2 floor area is ripe for transformation. The capital value has seen a significant increase from $910,000 in 2017 to $1,200,000 as of June 2021, reflecting a growth of 31.87%. The property's potential is further highlighted by the HouGarden AVM of $1,117,500 and a latest sale history in 1998 for $205,000. For families, the property falls within the zones of Blockhouse Bay Primary School (Decile 7), Blockhouse Bay Intermediate (Decile 5), Lynfield College (Decile 6), and Green Bay High School (Decile 8), ensuring top-notch education for all ages.
With a little imagination and effort, this property could be the perfect blend of comfort and style, both inside and out. Whether you're considering a renovation project, subdivision, or simply creating your dream home, this is a rare find that promises endless possibilities. Don't miss the chance to transform this diamond in the rough into a true gem.
Educationally, the property is in the zone for highly-rated schools, including Blockhouse Bay Primary, known for its contributing role in the community, and Green Bay High School, which provides secondary education from Year 9 to 15. This combination of location, potential, and educational opportunities makes it an attractive prospect for both families and investors.
Updated on May 31, 2024
Name | Distance | Type | Year | Attribute | Gender | Score | Decile | |
|---|---|---|---|---|---|---|---|---|
Blockhouse Bay Intermediate | 0.19 km | Secondary | 7-8 | Government | Co-Educational | EQI: 411 | 5 | |
Blockhouse Bay School | 0.84 km | Primary | 1-6 | Government | Co-Educational | EQI: 375 | 7 | |
Lynfield College | 1.87 km | Secondary | 9-15 | Government | Co-Educational | EQI: 420 | 6 | |
Green Bay High School | 2.50 km | Secondary | 9-15 | Government | Co-Educational | EQI: 432 | 8 |
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $1,020,000 | -14.6% | 43 |
2022 | $1,195,000 | -11.3% | 53 |
2021 | $1,347,500 | 24.2% | 76 |
2020 | $1,085,000 | 14.2% | 86 |
2019 | $950,000 | 7.3% | 69 |
2018 | $885,000 | -1.8% | 72 |
2017 | $901,500 | 1.2% | 58 |
2016 | $891,000 | 8.6% | 72 |
2015 | $820,500 | 20.3% | 100 |
2014 | $682,000 | - | 86 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.20 km | 3 | 2 | -m2 | Year 2024 Month 05 Day 22 | $1,290,000 | Council approved | |
 | 0.15 km | 3 | 2 | 128m2 | Year 2024 Month 05 Day 09 | $1,025,000 | Council approved | |
 | 0.30 km | 2 | 1 | 93m2 | Year 2024 Month 04 Day 05 | $779,000 | Council approved | |
 | 0.23 km | 3 | 2 | -m2 | Year 2024 Month 03 Day 01 | $1,027,000 | Council approved | |
 | 0.01 km | 4 | 2 | -m2 | Year 2024 Month 03 Day 01 | $1,300,000 | Council approved |