Nestled on a spacious 1341 sqm freehold section at 38 Marae Road, Greenhithe, this exquisite residential dwelling boasts 4 bedrooms, 3 bathrooms, and 2 car parks. Constructed in 1994 with Roughcast walls and a Malthoid roof in good condition, the property is designed with a steep fall contour, providing stunning ocean views. The capital value has seen a rapid increase of 32%, from $1,250,000 in 2017 to $1,650,000 as of June 2021. The HouGarden AVM estimates the property at $1,532,500, while the latest sales were recorded at $888,000 in 2014 and $640,000 in 2007. This property is within the decile 10 school zones of Greenhithe School, Albany Senior High School, and Albany Junior High School, ensuring top-notch education for the family.
With potential for renovation and versatility, the home offers separate living areas over three levels, a private bush track to the sea, and ample outdoor spaces. The ground floor has a separate entry, which could be converted into a granny flat or guest quarters. Situated close to local amenities and schools, this property presents a prime opportunity for transformation into a valuable waterfront retreat.
Act now to secure this property in a sought-after school zone with high capital value growth potential.
Updated on June 10, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.18 km | 4 | 2 | 0m2 | Year 2024 Month 12 Day 05 | $1,600,000 | Council approved | |
 | 0.35 km | 5 | 3 | 444m2 | Year 2024 Month 10 Day 31 | - | Council approved | |
 | 0.27 km | 5 | 3 | 0m2 | Year 2024 Month 10 Day 01 | - | Council approved | |
 | 0.03 km | 4 | 302m2 | Year 2024 Month 08 Day 01 | $2,350,000 | Council approved | ||
 | 0.16 km | 4 | 2 | 260m2 | Year 2024 Month 06 Day 25 | - | Council approved |