Nestled in the serene cul-de-sac of Philson Terrace, this inviting 3-bedroom, 1-bathroom residence with a single carpark is a gem on 1029m2 of freehold land. Constructed with wood walls and an iron roof, this property presents an average roof condition and fair wall condition, suitable for those seeking a blank canvas in a prime location. The property's capital value has seen a staggering increase of 82.35%, from $850,000 in 2017 to $1,550,000 as of June 2021. The HouGarden AVM estimates the property's worth at $1,485,000, making it an attractive prospect for investors and developers. This north-facing haven is located in the Residential-Mixed Housing Urban Zone, providing potential for future development or a land banking opportunity.
With a government valuation on the rise and a recent sales history that speaks volumes, this property offers more than just a peaceful lifestyle. It's situated close to the highly-rated Northcross Intermediate, Browns Bay School, Murrays Bay Intermediate, and Rangitoto College, all decile 10 institutions. The proximity to the vibrant Browns Bay beach, along with cafes and shops, adds to the appeal, making this property a golden investment opportunity.
After 62 years of stewardship, the owner is now offering this unique property for sale. It's a chance to seize a slice of paradise in a coveted location. Don't miss out on this opportunity to make your real estate dreams a reality!
Updated on May 01, 2024
Name | Distance | Type | Year | Attribute | Gender | Score | Decile | |
|---|---|---|---|---|---|---|---|---|
Browns Bay School | 0.20 km | Primary | 1-6 | Government | Co-Educational | EQI: 373 | 10 | |
Murrays Bay Intermediate | 1.59 km | Secondary | 7-8 | Government | Co-Educational | EQI: 381 | 10 | |
Northcross Intermediate | 1.69 km | Secondary | 7-8 | Government | Co-Educational | EQI: 407 | 10 | |
Rangitoto College | 1.99 km | Secondary | 9-15 | Government | Co-Educational | EQI: 400 | 10 |
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $1,128,500 | -17.9% | 29 |
2022 | $1,375,000 | -1.8% | 25 |
2021 | $1,400,000 | 28.4% | 50 |
2020 | $1,090,000 | 5.3% | 35 |
2019 | $1,035,500 | -3.4% | 48 |
2018 | $1,071,500 | 7.6% | 38 |
2017 | $995,500 | -6.5% | 44 |
2016 | $1,065,000 | 13.3% | 55 |
2015 | $939,875 | 24% | 50 |
2014 | $757,750 | - | 66 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.04 km | 5 | 3 | 170m2 | Year 2024 Month 04 Day 14 | $1,420,000 | Council approved | |
 | 0.24 km | 3 | 2 | 0m2 | Year 2024 Month 04 Day 01 | $800,000 | Council approved | |
 | 0.07 km | 3 | 1 | 130m2 | Year 2024 Month 03 Day 22 | $865,000 | Council approved | |
 | 0.14 km | 3 | 1 | -m2 | Year 2024 Month 01 Day 16 | $960,000 | Council approved | |
0.12 km | 4 | 130m2 | Year 2023 Month 11 Day 24 | $1,450,000 | Council approved |