6 Hobday Place, Meadowbank, Auckland

Nestled at the end of a serene cul-de-sac in the esteemed Meadowbank, this 1967-built, four-unit complex on a freehold title of 905 sqm boasts a versatile layout with 7 bedrooms and 4 carparks. The exterior features wood walls and tiled roofing, both in average condition, while the interior offers original, well-maintained units with carpeted living areas, heat pumps, and period kitchens. Currently tenanted, with a mix of 2-bedroom and 1-bedroom units, each around 54 sqm, this property presents a CV of $2,775,000 as of June 2021, a 0.11 increase from 2017. The HouGarden AVM estimates the value at $2,750,000, while the recent sales history remains unmentioned. Notably, the property falls within the zones of Baradene College (decile 9), Selwyn College (decile 4), and St Thomas School (Auckland) with a perfect decile 10 rating, making it an attractive investment for families and rental investors alike.

With a prime location in a Mixed Housing Suburban zone, the property offers developers the potential to explore various options, given the suburb's desirability. The two ground-floor units enjoy direct access to patios and lawns, while the upstairs units bask in northeast sunlight with views of the leafy suburb from their private balconies. Each unit is allocated carport parking, and a communal area in the rear yard provides clotheslines for residents' use. This investment opportunity, with easy access to public transport and a short drive to beaches and the city, is not to be missed.

For those with an eye on education, the property is within the catchment area of top-rated schools, ensuring a quality education for the family. The combination of a solid investment return and a desirable location makes this property a golden opportunity for both rental investors and developers looking to secure a profitable future.

Updated on November 18, 2024