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4/277 Mount Eden Road, Mount Eden, Auckland, 2 Bedrooms, 1 Bathrooms, Unit

Sold: $582,000

Sold on 2024 Year 2024 Month 07 Day 03

4/277 Mount Eden Road, Mount Eden, Auckland

2
1
66m2

Nestled in the prestigious suburb of Mount Eden, this 2-bedroom, 1-bathroom unit at 4/277 Mount Eden Road is a gem on the market. Built in 1968 with an iron roof and fibrous cement walls, this cross-lease property sits on a level contour with an average wall and roof condition. It boasts a floor area of 66 square meters and is in a prime location, just a minute's walk from the vibrant Mt Eden village and opposite the iconic Maungawhau. The property has seen a significant Capital Value increase of 22%, from $500,000 in 2017 to the current $610,000 as of June 2021. The HouGarden AVM estimates it at $567,500, while the latest sales were at $330,000 in 2013 and $287,000 in 2007.

For investors, the current rental income of $29k PA makes it an attractive opportunity. Moreover, the property falls within the highly sought-after school zones of Auckland Grammar School (decile 9), Mt Eden Normal School (decile 10), Auckland Normal Intermediate (decile 9), Epsom Girls' Grammar School (decile 9), Mt Albert Grammar School (decile 7), and Auckland Girls' Grammar School (decile 3), making it an ideal choice for families with school-aged children.

With convenient access to public transport, train stations, and the motorway, this unit is perfect for professionals, first home buyers, or downsizers seeking easy-care living. The urgency of the sale presents a rare opportunity to acquire a property in this exclusive suburb. Don't miss out on this chance to secure your slice of Mount Eden's prime real estate!

Updated on May 18, 2024

Council Data

Last update : 2024 12 11
Improvement value$300,000Increased by 11% from year 2017
Land value$350,000Increased by 52% from year 2017
CV(Year 2021 Month 06)$650,000Increased by 30% from year 2017
View typeNo appreciable view
ContourLevel
Floor area66m²
Decade of construction1968
TitleNA15D/346
Type of titleCross-Lease
Legal descriptionFLAT 4 DP 60109, LOT 2 DP 32141 1120M2
CouncilAuckland - City
Estate descriptionFSIM,1/10,FLAT 4 DEPOSITED PLAN 60109
Council rates$1,801.01
2023/2024
ConditionExternal Walls: Average
Roof: Average
ZoningResidential - Mixed Housing Suburban Zone

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Mt Eden Normal School
0.55 km
Primary
1-6
Government
Co-Educational
EQI: 352
10
Auckland Grammar School
0.83 km
Secondary
9-15
Government
Single Sex-Boys
EQI: 385
9
Auckland Normal Intermediate
1.27 km
Secondary
7-8
Government
Co-Educational
EQI: 374
9
Epsom Girls Grammar School
1.34 km
Secondary
9-15
Government
Single Sex-Girls
EQI: 397
9
Auckland Girls' Grammar School
2.08 km
Secondary
9-15
Government
Single Sex-Girls
EQI: 488
3
Mt Albert Grammar School
3.45 km
Secondary
9-15
Government
Co-Educational
EQI: 419
7

Property history

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For developers

Unitary plan:Residential - Mixed Housing Suburban Zone
Land:-
Title:Cross-Lease

Mount Eden Road Neighborhood and Surrounding Data

Suburbs

Data analysis - Mount Eden properties data
Mount Eden property trend
Year
Median price
Growth
Sales count
2024
$777,500
-6%
34
2023
$827,500
-8.9%
22
2022
$908,000
-5.6%
23
2021
$961,500
17.9%
37
2020
$815,800
20%
51
2019
$680,000
-6.7%
47
2018
$728,625
0.6%
46
2017
$724,250
-3.4%
28
2016
$749,500
15.7%
46
2015
$648,000
15.7%
67
2014
$560,000
-
54

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
29 Bellevue Road, Mount Eden
0.28 km
4
2
0m2
Year 2024 Month 11 Day 05
$2,830,000
Council approved
2/281 Mt Eden Road, Mount Eden
0.19 km
2
1
-m2
Year 2024 Month 10 Day 02
$742,000
Council approved
29/44 Esplanade Road, Mount Eden
0.19 km
2
1
71m2
Year 2024 Month 09 Day 11
$750,000
Council approved
29/44 Esplanade Road, Mount Eden
0.19 km
2
1
-m2
Year 2024 Month 09 Day 01
$750,000
Council approved
2/2 View Road, Mount Eden
0.25 km
2
1
110m2
Year 2024 Month 07 Day 17
-
Council approved

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