Nestled in the serene 3 Cobham Crescent, Kelston, Auckland, this 1961-built residential dwelling on a freehold 690m2 section presents a lucrative opportunity for investors and developers alike. The 90m2 floor area is home to 4 bedrooms, 1 bathroom, and a single carpark, all protected by an average-condition fibrous cement exterior and tile roofing. With a CV of $970,000 as of June 2021, this property has seen a 31.08% increase since July 2017, reflecting a promising growth trajectory. The recent HouGarden AVM估值 of $975,000 further validates its market potential, especially considering the latest sale history from $328,500 in 2009 to $370,000 in 2007.
For families, the property falls within the decile 3 St Leonards Road School, decile 2 Kelston Intermediate, and both Kelston Boys' and Girls' High Schools, ensuring quality education at all levels. This, coupled with its convenient location near shopping centers, train stations, and amenities, makes it an ideal living environment.
With endless possibilities for renovation or development in the Mixed Housing Sub Urban Zone, this property is a golden land banking opportunity. Whether you choose to restore and retain or explore further development potential with Auckland Council, this is a healthy investment set to reap rewards in the future.
Updated on September 11, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.54 km | 3 | 2 | 100m2 | Year 2024 Month 11 Day 18 | - | Council approved | |
 | 0.36 km | 3 | 2 | 100m2 | Year 2024 Month 09 Day 10 | $675,000 | Council approved | |
 | 0.49 km | 3 | 1 | -m2 | Year 2024 Month 08 Day 28 | - | Council approved | |
 | 0.21 km | 3 | 2 | -m2 | Year 2024 Month 07 Day 01 | $745,000 | Council approved | |
 | 0.49 km | 2 | 110m2 | Year 2024 Month 06 Day 21 | $620,000 | Council approved |