Nestled on an 823m² freehold site at 12 Cedar Heights Avenue, Massey, Auckland, this property boasts a 5-bedroom, 2-bathroom configuration with a single carpark. Constructed in 1980 with fibrous cement walls and tiled roofing, both the walls and roof are in good condition. The property, with a floor area of 145m², is situated on a steep fall contour and includes a 3-bedroom dwelling and a detached 2-bedroom unit, currently tenanted, generating a combined rental return of $830 per week. As of June 2021, the capital value stands at $1,350,000, reflecting an impressive 81.2% increase from its July 2017 valuation of $745,000.
With a HouGarden AVM of $1,315,000, the latest sales were recorded at $1,050,000 on May 29, 2024, and $863,000 on January 17, 2019. This prime location is within the zones of Massey High School (Decile 4), St Paul's School (Massey) (Decile 4), and Royal Road School (Decile 2), offering an ideal setup for families. Whether you are a first home buyer seeking to occupy one unit and rent the other, or an investor looking to capitalize on a lucrative opportunity, this property is a golden investment in a convenient locale near schools, shopping centers, and motorway access.
For those seeking an income-generating property or a setup for dual incomes, this residence presents a unique opportunity in a sought-after school zone with excellent educational facilities nearby.
Updated on July 26, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
0.10 km | 2 | 1 | 74m2 | Year 2025 Month 01 Day 24 | $600,000 | Council approved | ||
 | 0.12 km | 3 | 1 | 99m2 | Year 2024 Month 11 Day 25 | - | Council approved | |
0.12 km | 3 | 1 | 99m2 | Year 2024 Month 11 Day 19 | $723,450 | Council approved | ||
 | 0.06 km | 2 | 2 | 85m2 | Year 2024 Month 11 Day 14 | $590,000 | Council approved | |
 | 0.21 km | 1 | 0m2 | Year 2024 Month 11 Day 01 | $2,000,000 | Council approved |