242a East Coast Road, Forrest Hill, Auckland - North Shore

Nestled in the serene cul-de-sac of 242a East Coast Road, Forrest Hill, this freehold property boasts a capital value that has seen a rapid increase of 20.93% from $1,075,000 in 2017 to $1,300,000 as of June 2021. The 3-bedroom, 1-bathroom residence with a single carpark is set on a manageable 471m2 section with an easy/moderate fall contour. Constructed in 1990 with fibrous cement walls and an iron roof, both in good condition, this dwelling presents an attractive opportunity for first-home buyers or investors. The property is within the highly sought-after school zones of Campbells Bay Primary, Rangitoto College, and the double West Lake Schools, all with impressive decile ratings. The latest sale history includes transactions in 2013 for $580,000 and in 2003 for $255,000, while the current HouGarden AVM estimates the property at $1,245,000, making it a strategically located investment in Auckland's North Shore.

With its prime positioning, the property not only offers convenient access to quality education but also to transport connections, nearby Milford, Mairangi Bay, and Sunnynook Centres, and the picturesque Pupuke Golf Course and Sports Park. This well-maintained home on a peaceful rear site is an excellent buy for families and investors alike, providing both tranquility and proximity to amenities.

For those seeking a prime piece of real estate within an exceptional school network, look no further. The property falls within the Campbells Bay School decile 10, Westlake Boys' and Girls' High Schools decile 9, Murrays Bay Intermediate decile 10, and Rangitoto College decile 10 zones, ensuring a high standard of education for residents.

Updated on April 19, 2024