5 Leone Terrace, Mount Albert, Auckland

Nestled in the serene pocket of Mount Albert, this charming 1920s bungalow on Leone Terrace boasts 4 bedrooms, a spacious floor area of 128sqm, and a generous land size of 697sqm. It is complemented by an Iron roof in good condition and wooden exterior walls. This Freehold property has seen a 52.63% increase in Capital Value from $1,425,000 in 2017 to $2,175,000 as of June 2021. The HouGarden AVM estimates it at $2,120,000, making it an attractive investment with a history of growth from its last sale in 1998 for $259,000.

With a property contour that offers easy/moderate fall and a quiet cul-de-sac location, the residence is within the catchment of esteemed schools. Gladstone School, a Contributing school with a decile rating of 9, and Mt Albert Grammar School, a Secondary school with a decile rating of 7, are among the educational institutions in the area. Kowhai Intermediate School, also with a decile 7 rating, completes the picture for families with children of all ages.

Perfect for those seeking a blend of affordability and potential, this property invites you to add value over time or explore development opportunities within the Mixed Housing Urban zone. Its strategic location near amenities and schools, coupled with its rich character and potential for modernization, make it a must-consider for those looking to seize a valuable opportunity in Mount Albert.

Updated on August 29, 2024