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1 Cove Lane, Mount Wellington, Auckland, 4 Bedrooms, 0 Bathrooms, House

Sold: Sold price unknown

Sold on 2024 Year 2024 Month 05 Day 03

1 Cove Lane, Mount Wellington, Auckland

4
259m2
700m2

Nestled in the exclusive Waipuna Cove on a serene cul-de-sac, this 4-bedroom freehold property is a gem in the Mount Wellington neighborhood of Auckland. Constructed in 1992 with mixed materials for the walls and iron for the roof, both in good condition, the residence boasts a floor area of 259 sqm on a 700 sqm land area. The property has experienced a remarkable Capital Value increase of 63.13% from $1,600,000 in 2017 to $2,610,000 as of June 2021. The HouGarden AVM estimates the property's worth at $2,430,000, while the latest sale was in 2008 for $600,000.

With a CV growth rate that outpaces the market, this home is not just an investment but a smart one. It features solid oak flooring, high raked ceilings, and a gas fireplace complemented by wall-mounted heat pumps and solar panels, making it both energy-efficient and luxurious. Its split-level design optimizes the northern aspect, offering views of the lagoon and the Sky Tower, hinting at the nearby city center.

For families with school-aged children, the property falls within the zones of highly regarded schools such as Baradene College (decile 9), Edgewater College (decile 2), One Tree Hill College (decile 3), and Sylvia Park School (decile 2), ensuring access to quality education.

Updated on May 13, 2024

Council Data

Last update : 2024 12 11
Improvement value$1,035,000Increased by 47% from year 2017
Land value$1,575,000Increased by 75% from year 2017
CV(Year 2021 Month 06)$2,610,000Increased by 63% from year 2017
DeckYes
View typeFocal Point Of view - Water
ContourEasy/Moderate rise
Land area700m²
Floor area259m²
Decade of construction1992
TitleNA89D/995
Type of titleFreehold
Legal descriptionLOT 22 DP 150834
CouncilAuckland - City
Estate descriptionFSIM,1/1,LOT 22 DEPOSITED PLAN 150834,700m2
Council rates$5,841.44
2023/2024
ConditionExternal Walls: Good
Roof: Good
ZoningResidential - Mixed Housing Suburban Zone

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Sylvia Park School
1.55 km
Primary
1-8
Government
Co-Educational
EQI: 471
2
Edgewater College
2.49 km
Secondary
9-15
Government
Co-Educational
EQI: 499
2
One Tree Hill College
4.13 km
Secondary
9-15
Government
Co-Educational
EQI: 474
3
Baradene College
6.68 km
Secondary
7-15
Government
Single Sex-Girls
EQI: 372
9

Property history

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For developers

Unitary plan:Residential - Mixed Housing Suburban Zone
Land:700m²
Title:Freehold

Surrounding facilities

Cove Lane Neighborhood and Surrounding Data

Suburbs

Data analysis - Mount Wellington properties data
Mount Wellington property trend
Year
Median price
Growth
Sales count
2024
$1,177,500
3.9%
36
2023
$1,133,500
-9.3%
37
2022
$1,250,000
-15.7%
33
2021
$1,482,000
31.2%
77
2020
$1,130,000
20.7%
81
2019
$936,000
-5.6%
33
2018
$992,000
1.7%
57
2017
$975,000
0.6%
32
2016
$969,000
16%
40
2015
$835,000
21.2%
54
2014
$689,000
-
50

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
7 Watene Road, Panmure
0.48 km
4
3
-m2
Year 2024 Month 11 Day 12
-
Council approved
3 Pakuranga Road, Pakuranga
0.54 km
4
1
-m2
Year 2024 Month 11 Day 11
-
Council approved
33 Kerswill Place, Pakuranga
0.67 km
4
2
-m2
Year 2024 Month 11 Day 11
-
Council approved
24 Kerswill Place, Pakuranga
0.63 km
5
2
-m2
Year 2024 Month 10 Day 01
-
Council approved
1/73A Waipuna Road, Mount Wellington
0.23 km
5
3
243m2
Year 2024 Month 09 Day 23
-
Council approved

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