Price by Negotiation

13 Karaka Street, Eden Terrace, Auckland City, Auckland

380m²

552m²

HouseListed on Mon Mar 4

Eden Terrace 15 Bedroom Rundown boarding house with options

Discover an exceptional investment opportunity on the fringe of the city at 11 and 13 Karaka Street. This dual-site property is a must-see for savvy investors looking to capitalize on its prime location and potential for high returns.

Key Highlights:

•Development Potential: Concept plans available for 60 apartments with 27 car parks, benefiting from the extended height limit of 32.5 meters in the Mixed Use zone.

•Strategic Location: Nestled in the heart of Eden Terrace, this property offers easy access to the CBD, Ponsonby, and Grafton. Enjoy a vibrant local scene with nearby cafes, restaurants, and essential amenities.

Property Features:

•Two Freehold Titles: Total land area of 552sqm.

•Mixed Use Zoning: Offers flexibility for commercial or residential development.

•Cost Savings: Below-road contour provides savings on excavation costs.

•Future Growth: High demand for accommodation and commercial spaces in the area.

Take advantage of this unique opportunity to enhance your investment portfolio. Whether you choose to renovate for increased returns or develop a new mixed-use project, the numbers are in your favor.

Contact Jock Kooger at 021 321 856 for more information.

Location

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Council Data

Last update : 2024 12 11

Improvement value$365,000Increased by 1% from year 2017

Land value$1,360,000Increased by 41% from year 2017

CV(Year 2021 Month 06)$1,725,000Increased by 30% from year 2017

View typeNo appreciable view

ContourEasy/Moderate Fall

Land area278m²

Floor area380m²

Decade of construction1920

TitleNA2D/446

Type of titleFreehold

Legal descriptionLOT 90 ALLOT 5 SEC 7 SUBURBS AUCKLAND 278M2

CouncilAuckland - City

Estate descriptionFSIM,1/1,LOT 90 ALLOTMENT 5 OF SECTION 7 SUBURBS OF AUCKLAND,278m2

Council rates$6,012.66
2023/2024

ConditionExternal Walls: Average
Roof: Average

ZoningBusiness - Mixed Use Zone

School zones

Name	Distance	Type	Year	Attribute	Gender	Score	Decile
Newton Central School	0.51 km	Primary	1-6	Government	Co-Educational	EQI: 403	7	Detail
Auckland Girls' Grammar School	0.62 km	Secondary	9-15	Government	Single Sex-Girls	EQI: 488	3	Detail
Kowhai Intermediate	1.40 km	Secondary	7-8	Government	Co-Educational	EQI: 406	7	Detail
Pasadena Intermediate	3.52 km	Secondary	7-8	Government	Co-Educational	EQI: 416	8	Detail
Western Springs College-Ngā Puna o Waiōrea	3.53 km	Secondary	9-15	Government	Co-Educational	EQI: 416	8	Detail
Mt Albert Grammar School	3.82 km	Secondary	9-15	Government	Co-Educational	EQI: 419	7	Detail

Property history

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For developers

Unitary plan:Business - Mixed Use Zone

Land:552m²

Title:Freehold

Surrounding facilities

Karaka Street Neighborhood and Surrounding Data
Karaka Street neighborhood is a sub-region located within Eden Terrace city

Suburbs

Data analysis - Eden Terrace properties data

Sales count(Last 12 months)

3View

Type: Freehold

Sales median price(Last 12 months)

$1,580,000

Low: $1,550,000, High: $1,850,000

Rent median price(Last 12 months)

$645

Low: $500, High: $1,100

Eden Terrace property trend

Year	Median price	Growth	Sales count
2024	$1,580,000	-71.5%	3
2022	$5,550,000	288.1%	1
2020	$1,430,000	25.4%	1
2019	$1,140,000	-13.1%	3
2018	$1,312,500	-20.5%	6
2016	$1,650,000	-33.6%	3
2015	$2,486,250	415.8%	2
2014	$482,000	-	1

Address	Distance	Bed	Bath	Floor area	Sold date	Sold	Data source
901/47 Randolph Street, Eden Terrace	0.07 km	4	3	266m²	Year 2024 Month 11 Day 27	-	Council approved
501/47 Randolph Street, Eden Terrace	0.13 km	2	1	82m²	Year 2024 Month 10 Day 15	$1,185,000	Council approved
709/47 Randolph Street, Eden Terrace	0.13 km	2	1	59m²	Year 2024 Month 10 Day 09	$860,000	Council approved
411/59 France Street, Eden Terrace	0.05 km	2	1	77m²	Year 2024 Month 08 Day 10	$875,000	Council approved
410/47 Randolph Street, Eden Terrace	0.07 km	1	1	70m²	Year 2024 Month 07 Day 01	$723,000	Council approved