Nestled on the border of New Lynn, this 600m2 freehold property at 47 Rua Road, Glen Eden, Auckland, is a gem for both first-time buyers and developers. Constructed in the 1950s with wood walls and an iron roof, this 51m2 floor area home boasts 2 bedrooms, 1 bathroom, and a cozy open-plan kitchen with a lounge area featuring an open fire. The property includes a freestanding studio/office at the rear, perfect for a home office or guest accommodation. The capital value has seen a significant increase from $575,000 in 2017 to $1,025,000 in 2021, a growth of 78.26%. The HouGarden AVM estimates it at $980,000, while the latest sales were at $950,000 in 2024 and $1,219,000 in 2021. It falls within the deciles 2 and 3 for intermediate and secondary schools, including Kelston Intermediate, Kelston Boys' High School, and Kelston Girls' College. This property offers the convenience of a 5-minute stroll to the Fruitvale Train Station and easy access to the vibrant Titirangi village and west coast beaches.
With its 'Move In Or Move On' appeal, this property presents a versatile opportunity for buyers looking to build at the rear, sell, or retain the existing home, or for developers seeking a smaller-scale project with the potential for subdivision and building, all subject to council approval.
Enjoy the ease of living with the Humbug Café just across the road and the convenience of a prime location within a sought-after school zone.
Updated on May 02, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.11 km | 2 | 1 | 50m2 | Year 2025 Month 01 Day 17 | - | Council approved | |
0.15 km | 4 | 199m2 | Year 2024 Month 12 Day 04 | $1,350,000 | Council approved | |||
 | 0.13 km | 3 | 2 | -m2 | Year 2024 Month 11 Day 29 | - | Council approved | |
 | 0.14 km | 3 | 1 | 100m2 | Year 2024 Month 10 Day 24 | - | Council approved | |
 | 0.18 km | 2 | 1 | -m2 | Year 2024 Month 09 Day 18 | $520,000 | Council approved |