Nestled in the vibrant cultural hub of Glen Innes, Auckland, this 728 sqm freehold property on Heatherbank Street presents a rare opportunity. Constructed in 1950 with wood walls and tiled roofing, the home features 3 bedrooms, 1 bathroom, and 3 car parks, with a floor area of 97 sqm. The capital value has seen a significant increase from $1,000,000 in 2017 to $1,600,000 as of 2021, a growth rate of 60%. The property is zoned for Terrace Housing Apartments and offers various development options, including concept plans for 7 townhouses. Alternatively, retain the front house and build 3 more at the back, or let your creativity run wild.
With a HouGarden AVM of $1,587,500 and the latest sales recorded at $1,350,000 in 2024 and $1,640,000 in 2021, this property holds substantial value. It is located in a sought-after school zone, with Baradene College (Decile 9) and Glen Innes School, Glen Taylor School, and Tamaki College (all Decile 1) within reach.
Whether you're an investor or a developer, this property offers endless potential in a prime location, making it an exciting opportunity not to be missed.
Updated on November 13, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.22 km | 4 | 2 | 146m2 | Year 2024 Month 11 Day 13 | - | Council approved | |
 | 0.43 km | 3 | 2 | 117m2 | Year 2024 Month 09 Day 24 | - | Council approved | |
 | 0.22 km | 3 | 2 | -m2 | Year 2024 Month 09 Day 03 | - | Council approved | |
 | 0.49 km | 2 | 1 | -m2 | Year 2024 Month 09 Day 01 | $650,000 | Council approved | |
 | 0.47 km | 3 | 1 | 103m2 | Year 2024 Month 08 Day 28 | $865,000 | Council approved |