Nestled on a serene 1,387m² section at 5 Kamara Road, Glen Eden, this unique property with a freehold title presents a versatile opportunity. Constructed in 1951 with fibrous cement walls and an iron roof, the building currently stands as a former childcare centre. It boasts an open-plan layout, solid structure, and the potential to be transformed back into a charming three-bedroom home. The property's capital value has seen a growth of 54.76% from $840,000 in 2017 to $1,300,000 as of June 2021. The latest sales were recorded at $730,000 in 2024 and $325,000 in 2005, while the HouGarden AVM estimates it at $1,270,000. With a floor area of 142m² and a property contour that's easy to moderate fall, it's perfect for investors looking to landbank or for those keen on renovating or rebuilding on this Residential - Single House zoned land. The location is further enhanced by its school zone, which includes the Bruce McLaren Intermediate School (Decile 2), Prospect School (Decile 2), and Henderson High School (Decile 3).
Whether you're looking to capitalize on the existing commercial use, revert to a residential dwelling, or start fresh with a new build, this property offers a wealth of potential. The vendors are retiring, making this an unmissable opportunity to renovate and reap the rewards.
With a prime location and significant capital value growth, this property in a quiet cul-de-sac is a golden investment for the discerning buyer.
Updated on August 14, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.15 km | 2 | 1 | 90m2 | Year 2024 Month 12 Day 12 | - | Council approved | |
 | 0.11 km | 3 | 2 | 0m2 | Year 2024 Month 11 Day 06 | $875,000 | Council approved | |
 | 0.14 km | 1 | 1 | -m2 | Year 2024 Month 08 Day 01 | $600,000 | Council approved | |
 | 0.12 km | 3 | 2 | -m2 | Year 2024 Month 08 Day 01 | $875,000 | Council approved | |
 | 0.17 km | 3 | 2 | 0m2 | Year 2024 Month 07 Day 01 | $855,000 | Council approved |