Nestled in the serene Weybridge Crescent of Glen Innes, Auckland, stands a charming 4-bedroom, freehold property, built in 1953 with brick walls and tiled roofing. This 184sqm home, sitting on a levelled 771sqm corner site, offers a 2-car park and presents an ideal home and income opportunity. The property's Capital Value (CV) has seen a remarkable increase of 50% from $1,300,000 in 2017 to $1,950,000 as of June 2021. The HouGarden AVM estimates it at $1,930,000, while the latest sales history shows an evolution from $75,000 in 1981 to $451,500 in 2006.
With a CV growth rate that outpaces the market, this property is not just an investment but a golden opportunity. It's strategically located in a prime urban zone, with stormwater management in place, making it ripe for development or land banking. The current configuration includes a 3-bedroom unit and a separate 1-bedroom unit, each with its own entrance and garage, providing immediate rental income or the option for vacant possession within 90 days.
Educationally, the property falls within the zones of Baradene College (Decile 9) for secondary education, Glen Taylor School (Decile 1) for full primary education, and Tamaki College (Decile 1) for secondary education. This combination of prime location, strong CV growth, and quality schooling makes it an unparalleled choice for both owner-occupiers and investors.
Updated on November 29, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.21 km | 3 | 1 | 93m2 | Year 2024 Month 11 Day 27 | - | Council approved | |
 | 0.25 km | 4 | 3 | 173m2 | Year 2024 Month 10 Day 21 | - | Council approved | |
 | 0.25 km | 3 | 3 | 0m2 | Year 2024 Month 09 Day 17 | $1,110,000 | Council approved | |
0.19 km | 3 | 110m2 | Year 2024 Month 09 Day 13 | $1,250,000 | Council approved | |||
0.25 km | 3 | 110m2 | Year 2024 Month 07 Day 23 | $1,210,000 | Council approved |