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290 Panama Road, Mount Wellington, Auckland City, Auckland

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290 Panama Road, Mount Wellington, Auckland City, Auckland

3

1

144m²

743m²

HouseListed on Thu Feb 22

Mount Wellington 3 Bedroom Developers Best Choice- BC, RC & EPA ready

• 743 sqm (approx) road frontage flat site, sitting right by the beautiful Flat Rock Reserve with stunning water views and zoned for Mixed Housing Suburban.

• Approved plans that allows you to build three uniquely designed detached houses with Building Consent, Resource Consent and EPA - this site is ready for the new owner to get the ball rolling in a very handy location close to the motorway, Sylvia Park and many schools.

• The existing 1950's solid brick family home is full of character with rental income potential of $680pw. This is also a rare opportunity for renovators to invest in such a privileged position with scenic outlook and a large section to explore or land bank with an eye for the future.

Do not delay - Call us now to request the information pack that includes a LIM report.

** Conjunctions from all agents welcome **

Location

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Council Data

Last update : 2025 02 19

Improvement value$225,000Increased by 7% from year 2017

Land value$1,150,000Increased by 66% from year 2017

CV(Year 2021 Month 06)$1,375,000Increased by 52% from year 2017

View typeFocal Point Of view - Water

ContourLevel

Land area743m²

Floor area144m²

Decade of construction1950

TitleNA67C/432

Type of titleFreehold

Legal descriptionLOT 64 DP 45394

CouncilAuckland - City

Estate descriptionFSIM,1/1,SECTION 2 SURVEY OFFICE PLAN 60430 AND LOT 64 DEPOSITED PLAN 45394,743m2

Council rates$3,516.62
2023/2024

ConditionExternal Walls: Average
Roof: Average

ZoningResidential - Mixed Housing Suburban Zone

School zones

Name	Distance	Type	Year	Attribute	Gender	Score	Decile
Otahuhu College	3.66 km	Secondary	9-15	Government	Co-Educational	EQI: 513	1	Detail

Property history

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For developers

Unitary plan:Residential - Mixed Housing Suburban Zone

Land:743m²

Title:Freehold

Surrounding facilities

Panama Road Neighborhood and Surrounding Data
Panama Road neighborhood is a sub-region located within Mount Wellington city

Suburbs

Data analysis - Mount Wellington properties data

Sales count(Last 12 months)

85View

Type: Freehold

Sales median price(Last 12 months)

$950,000

Low: $385,000, High: $2,025,000

Rent median price(Last 12 months)

$710

Low: $200, High: $1,185

Mount Wellington property trend

Year	Median price	Growth	Sales count
2024	$950,888	-8.2%	97
2023	$1,036,000	-7.9%	96
2022	$1,125,000	-15.6%	78
2021	$1,332,500	37.6%	148
2020	$968,385	16.7%	134
2019	$830,000	-4.2%	81
2018	$866,500	-1.5%	108
2017	$880,000	-9.3%	109
2016	$970,750	23.7%	90
2015	$785,000	24.6%	103
2014	$630,000	-	87

Mortgage

Sold nearby

Address	Distance	Bed	Bath	Floor area	Sold date	Sold	Data source
Lot 5/27 Bernard street, Mount Wellington	0.59 km	2	1	-m²	Year 2025 Month 02 Day 01	-	Council approved
10 Peace Avenue, Mount Wellington	0.56 km	3	1	-m²	Year 2024 Month 12 Day 23	-	Council approved
225 Panama Road, Mount Wellington	0.10 km	3	1	120m²	Year 2024 Month 09 Day 18	$775,000	Council approved
8/9 Peace Avenue, Mount Wellington	0.55 km	2	1	71m²	Year 2024 Month 09 Day 16	-	Council approved
286 Panama Road, Mount Wellington	0.04 km	2	1	-m²	Year 2024 Month 09 Day 01	$870,000	Council approved