Nestled at 115 Woodglen Road, Glen Eden, Auckland, this freehold property is a charming residential-income opportunity. Constructed in 1960 with Malthoid walls and an iron roof, it boasts 3 bedrooms, 1 bathroom, and a floor area of 92sqm, all set on a level contour. The property has seen a 62.16% increase in Capital Value from $740,000 in 2017 to the current $1,200,000 as of June 2021. The HouGarden AVM estimates a value of $1,205,000, while the latest sales were at $750,000 in 2016 and $350,000 in 2007.
With a versatile Mixed Housing Urban Zone, this property is zoned for educational excellence. It falls within the deciles 2, 7, 8, and 3 for Prospect School, Glen Eden Intermediate, Green Bay High School, and Henderson High School respectively, ensuring a quality education for the family. The potential here is vast, with approved resource consent for 5 terraced houses and a building consent in progress.
Whether you're a first home buyer seeking a home with income potential, an investor looking for strong rental returns, or a developer ready to capitalize on the approved consent, this property is a golden opportunity. It's a chance to unlock potential in a prime location, with convenient proximity to the city and amenities, and a history of rental income reaching $950 per week.
Updated on September 19, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.09 km | 3 | 1 | 148m2 | Year 2024 Month 12 Day 16 | - | Council approved | |
 | 0.06 km | 3 | 2 | -m2 | Year 2024 Month 12 Day 05 | - | Council approved | |
0.03 km | 2 | 1 | 78m2 | Year 2024 Month 10 Day 21 | $640,000 | Council approved | ||
0.22 km | 2 | 1 | 77m2 | Year 2024 Month 09 Day 20 | $640,000 | Council approved | ||
 | 0.05 km | 3 | 1 | 79m2 | Year 2024 Month 09 Day 08 | $710,000 | Council approved |