Nestled on a generous 623m2 freehold section in the coveted Massey, Auckland, this versatile 'Home and Income' property presents a golden opportunity for investors, developers, or large families. Comprising two separate dwellings, each boasting 3 bedrooms and 1 bathroom, this property is a gem in the Mixed Housing Urban (MHU) zone. The capital value has seen a substantial increase of 14.8% from $980,000 in 2017 to $1,125,000 as of June 2021. The roof, constructed of iron, and the fibrous cement walls are both in good condition. This property is not just a home; it's a potential goldmine with a HouGarden AVM of $1,047,500 and a latest sale history of $470,000 in 2008 and $235,197 in 2005. For families, the property falls within the zones of Royal Road School, St. Paul's School, and Massey High School, all reputable institutions. Don't miss the chance to explore the possibilities this property has to offer!
With open plan kitchens, living, and dining spaces, along with insulated interiors and heat pumps for comfort, these homes are perfect for a variety of living arrangements. The off-street parking only adds to the appeal. Whether you choose to rent out both homes, live in one and rent the other, or even develop the site, the potential is Limitless. Currently generating a combined rental income of $1,140 per week, this property is an investor's dream come true.
Educationally, the property is zoned for schools with impressive deciles - Massey High School at decile 4 and both St Paul's School and Royal Road School at deciles 4 and 2 respectively. This ensures a quality education for the kids. Act now to secure this property that promises a secure investment, a comfortable home, or a lucrative development opportunity.
Updated on June 24, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.18 km | 3 | 1 | 80m2 | Year 2024 Month 05 Day 29 | $760,000 | Council approved | |
 | 0.08 km | 4 | 2 | 164m2 | Year 2024 Month 05 Day 01 | $868,000 | Council approved | |
 | 0.14 km | 3 | 1 | -m2 | Year 2024 Month 04 Day 17 | $700,000 | Council approved | |
 | 0.18 km | 4 | 2 | -m2 | Year 2024 Month 03 Day 01 | $820,000 | Council approved | |
0.13 km | 4 | 130m2 | Year 2024 Month 02 Day 28 | $935,000 | Council approved |