Nestled in the serene Clendon Park, this 812m2 freehold property at 227 Finlayson Avenue boasts a charming 1920s villa with 3 bedrooms, 1 bathroom, and a separate toilet. The home, though in need of some love, sits on a steeply rising section with wood walls and an iron roof. Currently valued at $1,100,000 by the government, the property has seen a staggering 96.43% CV increase since 2017. The latest sale in 2024 fetched $880,000, while the HouGarden AVM estimates it at $1,052,500. For families, the property falls within the decile 1 zone for both Te Matauranga School and James Cook High School. This is an incredible opportunity for investors and developers looking to tap into the potential of this rapidly appreciating property in a thriving community.
Since the government's valuation in 2017 of $560,000, the capital value has soared, reflecting the area's growth and desirability. The property's quiet cul-de-sac location, combined with its proximity to public transport, schools, and amenities, makes it a prime candidate for redevelopment. The mixed housing suburban zoning further enhances its potential for future projects.
Educationally, the property is well-served by the nearby Te Matauranga School and James Cook High School, both rated decile 1. This indicates a strong educational support system for families in the area. With easy access to the motorway and a bustling local community, this property is not just a piece of land; it's a golden opportunity waiting to be seized.
Updated on May 02, 2024
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $731,000 | -14% | 42 |
2022 | $850,000 | 1% | 35 |
2021 | $841,750 | 28.5% | 72 |
2020 | $655,000 | 14.7% | 43 |
2019 | $571,000 | -1.4% | 47 |
2018 | $579,000 | -1.7% | 58 |
2017 | $589,000 | 3.8% | 37 |
2016 | $567,500 | 19.5% | 64 |
2015 | $475,000 | 23.4% | 83 |
2014 | $385,000 | - | 96 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
0.02 km | 3 | 160m2 | 2023年12月14日 | $960,000 | Council approved | |||
 | 0.22 km | 3 | 1 | 80m2 | 2023年12月11日 | $665,000 | Council approved | |
 | 0.09 km | 3 | 1 | 82m2 | 2023年11月21日 | $748,000 | Council approved | |
0.19 km | 3 | 1 | 144m2 | 2023年11月20日 | $870,000 | Council approved | ||
 | 0.13 km | 3 | 1 | 92m2 | 2023年11月13日 | $752,000 | Council approved |