Sold: $950,000

Sold on 2024 Year 2024 Month 01 Day 26

5/101 College Hill, Freemans Bay, Auckland

76m²

Located at 5/101 College Hill, Freemans Bay, Auckland - City, this iconic Art Deco gem, built in the 1930s and fully renovated, offers a blend of convenience and lifestyle in a sought-after location. The property, part of the Penningtons building, features two bedrooms, one bathroom, and one carpark, with a floor area of 76 square meters. It boasts modern stone benchtops, a plumbed fridge, modern appliances, Chevron Parquet flooring, carpets in the bedrooms, a ventilation system, heating/cooling system, and a fully renovated bathroom. The property is enhanced by lovely white Venetian shutters and bonus attic space for storage. Positioned on the top level, it offers stunning views of the city and Mt Eden, making it a prime spot at the top of College Hill. The property, which can be sold fully furnished, represents an incredible investment opportunity or a city fringe bolt hole for lock and leave stays. It also has access to a private resident's courtyard and is just a short walk from Hotel Ponsonby and Marys Cafe.

The property has seen a significant increase in capital value, from $800,000 in July 2017 to $990,000 in June 2021, marking a 23.75% increase. The latest sale was recorded on January 26, 2024, for $950,000, following a previous sale on November 2, 2018, for $750,000. The HouGarden AVM estimates the property's value at $950,000.

Located in a prime school zone, the property is zoned for Western Springs College (Secondary, Decile 8), Ponsonby Primary School (Contributing, Decile 10), Ponsonby Intermediate (Intermediate, Decile 9), and Auckland Girls' Grammar School (Secondary, Decile 3), offering excellent educational opportunities.

Updated on April 06, 2024.

Council Data

Last update : 2024 07 03

Improvement value$540,000Increased by 54% from year 2017

Land value$540,000Increased by 20% from year 2017

CV(Year 2021 Month 06)$1,080,000Increased by 35% from year 2017

View typeFocal Point Of view - Other

ContourLevel

Floor area76m²

Decade of construction1930

TitleNA117B/668

Type of titleUnit Title

Legal descriptionAU 2 UP 187253, PT AU 12 UP 187253, PT AU 13 UP 187253, UNIT 2D UP 187253

CouncilAuckland - City

Estate descriptionSTFH,1/1,UNIT 2D AND ACCESSORY UNIT 2 AND 1/2 SHARE IN ACCESSORY UNIT 12 AND 1/4 SHARE IN ACCESSORY UNIT 13 DEPOSITED PLAN 187253

Council rates$2,785.44 2023/2024

ConditionExternal Walls: Average Roof: Average

ZoningBusiness - Mixed Use Zone

School zones

Name	Distance	Type	Year	Attribute	Gender	Score	Decile
Ponsonby Intermediate	0.49 km	Secondary	7-8	Government	Co-Educational	EQI: 381	9	Detail
Ponsonby Primary School	0.79 km	Primary	1-6	Government	Co-Educational	EQI: 363	10	Detail
Auckland Girls' Grammar School	1.32 km	Secondary	9-15	Government	Single Sex-Girls	EQI: 488	3	Detail
Western Springs College-Ngā Puna o Waiōrea	2.95 km	Secondary	9-15	Government	Co-Educational	EQI: 416	8	Detail

Property history

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For developers

Unitary plan:Business - Mixed Use Zone

Land:-

Title:Unit Title

Zoning

Underground

Contour

State houses

Flood zone

Suburbs

Data analysis - Freemans Bay properties data

Sales count(Last 12 months)

27View

Type: Unit

Sales median price(Last 12 months)

$930,000

Low: $525,000, High: $1,990,000

Rent median price(Last 12 months)

$750

Low: $585, High: $1,450

Freemans Bay property trend

Year	Median price	Growth	Sales count
2023	$955,000	-7.5%	19
2022	$1,032,500	-3.3%	24
2021	$1,067,500	20.1%	42
2020	$889,000	-2.3%	31
2019	$910,000	0.2%	57
2018	$908,000	-18.6%	55
2017	$1,115,000	37.2%	45
2016	$812,500	4.8%	62
2015	$775,000	23.5%	39
2014	$627,500	-	50

Address	Distance	Bed	Bath	Floor area	Sold date	Sold	Data source
15 Renall Street	0.10 km	3	2	-m²	Year 2024 Month 05 Day 29	$1,600,000	Council approved
29 Sheehan Street	0.04 km	3	2	-m²	Year 2024 Month 04 Day 15	$1,250,000	Council approved
48 Saint Marys Road	0.31 km	4		305m²	Year 2024 Month 04 Day 10	$4,220,000	Council approved
28 Saint Marys Road	0.24 km	3		259m²	Year 2024 Month 03 Day 19	$5,875,000	Council approved
10/22 Prosford Street	0.09 km	2		142m²	Year 2024 Month 02 Day 29	$2,600,000	Council approved