Nestled at 53 Northcote Road in the serene Hillcrest, Auckland, this freehold property on 766sqm of land is a gem for developers, investors, and homebuyers. Constructed in 1952 with wood walls and a fibrous cement roof, it boasts 3 bedrooms, 2 bathrooms, and a single carpark. The property's Capital Value (CV) has seen a staggering growth of 69.44% from $900,000 in 2017 to $1,525,000 as of 2021. The latest sale was for $1,150,000 in 2022, highlighting the investment potential. With a HouGarden AVM of $1,428,500, this residence is positioned in a Level contour, promising ease of living.
The government valuation history and the recent sale records reflect a promising trend for capital appreciation. This, coupled with the property's potential for redevelopment, as it already has Resource Consent, Building Consent, and EPA approval for 5 standalone homes, makes it an attractive proposition. Its location in a quiet cul-de-sac adds to the appeal, ensuring tranquility while being conveniently close to State Highway 1 and the Northcote Shopping Centre.
For families with children, the property falls within the zone of esteemed schools. Sunnybrae Normal School, Northcote Intermediate School, and Northcote College are all within reach, offering education from primary to secondary levels. These schools are known for their high decile ratings and quality education. This property is not just a home; it's an investment in a promising future.
Updated on November 08, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.09 km | 2 | 1 | 90m2 | Year 2024 Month 11 Day 28 | - | Council approved | |
 | 0.25 km | 3 | 1 | 103m2 | Year 2024 Month 11 Day 20 | - | Council approved | |
 | 0.32 km | 3 | 5 | 140m2 | Year 2024 Month 10 Day 18 | $1,681,000 | Council approved | |
 | 0.27 km | 3 | 3 | 157m2 | Year 2024 Month 09 Day 30 | - | Council approved | |
 | 0.16 km | 2 | 1 | 64m2 | Year 2024 Month 09 Day 27 | - | Council approved |