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Sold: $800,000

Sold on 2024 Year 2024 Month 09 Day 06

412/9 Madeira Lane, Grafton, Auckland

2
1
52m2

Nestled in the heart of Grafton, Auckland, this charming residential apartment at 412/9 Madeira Lane boasts a modern design with 2 bedrooms and 1 bathroom. Constructed in 2022, the property features a mix of materials for the walls, an iron roof, and is maintained in good condition both inside and out. It sits on a level contour, enhancing the appeal of this unit title property. The absence of car parks adds to the tranquility of the quiet cul-de-sac it resides on.

Since 2017, the capital value has shown a significant increase, rising from $570,000 to the current $680,000 as of June 2021, indicating a growth rate of 19.3%. The HouGarden AVM estimates the property's worth at $650,000, while the latest sale on September 6, 2024, reflects a strong market value of $800,000.

For families with school-aged children, the property falls within the zones of highly regarded institutions. Auckland Grammar School, a decile 9 secondary school, is in close proximity. Additionally, Newmarket School and Kowhai Intermediate School, both with a decile rating of 7, are accessible options. Auckland Girls' Grammar School, catering to years 9-15 with a decile rating of 3, provides further educational opportunities.

Updated on October 09, 2024

Council Data

Last update : 2025 01 22
Improvement value$470,000Increased by 4% from year 2017
Land value$210,000Increased by 75% from year 2017
CV(Year 2021 Month 06)$680,000Increased by 19% from year 2017
DeckYes
View typeNo appreciable view
ContourLevel
Floor area52m²
Decade of construction2022
Title983735
Type of titleUnit Title
Legal descriptionAU 9412 DP 558944, PRIN 412 DP 558944
CouncilAuckland - City
Estate descriptionSTFH,1/1,PRINCIPAL UNIT 412 AND ACCESSORY UNIT 9412 DEPOSITED PLAN 558944
Council rates$1,932.79
2023/2024
ConditionExternal Walls: Good
Roof: Good
ZoningRoad

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Auckland Grammar School
0.80 km
Secondary
9-15
Government
Single Sex-Boys
EQI: 385
9
Auckland Girls' Grammar School
1.15 km
Secondary
9-15
Government
Single Sex-Girls
EQI: 488
3
Newmarket School
1.23 km
Primary
1-6
Government
Co-Educational
EQI: 381
7
Kowhai Intermediate
1.61 km
Secondary
7-8
Government
Co-Educational
EQI: 406
7

Property history

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For developers

Unitary plan:Road
Land:-
Title:Unit Title

Madeira Lane Neighborhood and Surrounding Data

Suburbs

Data analysis - Grafton properties data
Sales count(Last 12 months)
68View
Type: Unit
Sales median price(Last 12 months)
$170,000
Low: $50,000, High: $1,140,000
Rent median price(Last 12 months)
$700
Low: $550, High: $900
Grafton property trend
Year
Median price
Growth
Sales count
2024
$170,000
-64.6%
71
2023
$480,000
-24.7%
39
2022
$637,500
-20.3%
30
2021
$800,000
14.3%
83
2020
$700,000
12.4%
65
2019
$622,500
-10.1%
62
2018
$692,500
25.3%
104
2017
$552,500
-2.2%
56
2016
$565,000
1.8%
73
2015
$555,000
107.1%
115
2014
$268,000
-
67

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
106/9 Madeira Lane, Grafton
0.01 km
2
2
60m2
Year 2025 Month 01 Day 07
-
Council approved
5h/16 Burton Street, Grafton
0.10 km
3
1
118m2
Year 2024 Month 12 Day 02
$924,900
Council approved
3w/16 Burton Street, Grafton
0.10 km
1
1
36m2
Year 2024 Month 11 Day 29
$342,500
Council approved
0.10 km
2
1
62m2
Year 2024 Month 11 Day 19
$555,888
Council approved
5H/16 Burton Street, Grafton
0.10 km
3
2
118m2
Year 2024 Month 11 Day 01
$924,900
Council approved

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