Boasting a rich history and prime location at 25a Carlton Gore Road, Grafton, this freehold property is a gem in Auckland's real estate market. Constructed in 1920 with wood walls and iron roofing, both in good condition, it spans a level contour across 460 square meters of land, with a floor area of 211 square meters. The property is converted into four charming 2-bedroom flats, each with a sunny conservatory and a bathroom, plus a double garage, amounting to a total of 8 bedrooms and 4 bathrooms. The capital value has seen a rapid increase from $2,000,000 in 2017 to $2,675,000 as of 2021, showcasing a growth of 33.75%. The HouGarden AVM estimates it at $2,562,500, while the latest sale was for $2,700,000 in 2024, a significant jump from the previous sale of $700,000 in 1998.
Educationally, the property is within the highly sought-after Double Grammar Zone, neighboring top-rated schools such as Auckland Grammar with a decile of 9, Newmarket School with a decile of 7, Auckland Normal Intermediate with a decile of 9, and Auckland Girls' Grammar School with a decile of 3. This ensures an unparalleled educational advantage for residents.
Currently tenanted with a rental income of $2,150pw, this property presents an excellent opportunity for investors. Its central location, with easy access to the motorway, and the allure of the Double Grammar Zone, make it a prized investment in Grafton's thriving real estate scene.
Updated on April 10, 2024
Name | Distance | Type | Year | Attribute | Gender | Score | Decile | |
|---|---|---|---|---|---|---|---|---|
Auckland Grammar School | 0.65 km | Secondary | 9-15 | Government | Single Sex-Boys | EQI: 385 | 9 | |
Newmarket School | 0.97 km | Primary | 1-6 | Government | Co-Educational | EQI: 381 | 7 | |
Auckland Girls' Grammar School | 1.45 km | Secondary | 9-15 | Government | Single Sex-Girls | EQI: 488 | 3 | |
Auckland Normal Intermediate | 2.43 km | Secondary | 7-8 | Government | Co-Educational | EQI: 374 | 9 |
Year | Median price | Growth | Sales count |
|---|---|---|---|
2022 | $3,770,000 | 34.9% | 1 |
2021 | $2,795,000 | -23.4% | 2 |
2018 | $3,650,000 | 27% | 4 |
2017 | $2,875,000 | -0.9% | 2 |
2016 | $2,900,000 | -12.1% | 3 |
2015 | $3,300,000 | 94.7% | 1 |
2014 | $1,695,000 | - | 1 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.29 km | 2 | 1 | 60m2 | Year 2024 Month 04 Day 29 | $818,000 | Council approved | |
 | 0.08 km | 3 | 1 | -m2 | Year 2024 Month 04 Day 23 | - | Council approved | |
 | 0.30 km | 3 | 2 | 192m2 | Year 2024 Month 03 Day 14 | $2,000,000 | Council approved | |
0.27 km | 2 | 1 | 94m2 | Year 2024 Month 02 Day 05 | $1,140,000 | Council approved | ||
0.29 km | 2 | 120m2 | Year 2024 Month 01 Day 26 | $1,350,000 | Council approved |