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324 Panama Road, Mt Wellington, Auckland City, Auckland, 4 Bedrooms, 2 Bathrooms, House
Sun Jul 21 13:00-13:30

By negotiation

324 Panama Road, Mt Wellington, Auckland City, Auckland

4
2
6
711m2
HouseListed on Tue Feb 20

Mount Wellington 4 Bedroom A Home & Income Coastal Charm with Development...

Embrace the unique opportunity of this dual-key property, nestled on a generous 711m² plot with stunning water views and ripe for development. Located just 3km from Sylvia Park Shopping Mall, this residence combines double incomes for cash flow, convenience for location and potential for future development.

Featuring two separate units each with 2 bedrooms, 1 bathroom, a living room, and a kitchen, it offers flexibility to live in one and rent the other, or explore rental possibilities for both. With a total of 4 bedrooms, 2 bathrooms, 2 living rooms, and 2 kitchens, the setup is perfect for families, and professionals' water-front lifestyles with a separate income potential or long-term investors and developers' water-front new built dream.

The property is fully fenced, providing privacy and safety, alongside a private deck and garden space for outdoor enjoyment and entertainment against the backdrop of the coastal reserve, and a gate off the back fence allows you the freedom to go any time for a coastal walk.

Situated close to amenities, with easy access to motorways, schools and shopping centres, this home offers both the serenity of beachside living and the convenience of Sylvia Park Shopping Mall, schools, and essential amenities. Its expansive land size holds promise for future expansion or development, making it an ideal investment in space and location. The architectural scheme plan shows the options for full subdivision or keeping the existing houses and adding one more new dwelling in the rear section. These scheme plans are of concept only and all purchasers must complete their own investigations as to any possible development potential.

Don't miss the chance to transform this property into your dream home or take advantage of its investment potential. Contact us today to seize this rare offering in central Auckland.

Open home: Sunday 1-1:30 pm or by appointment

See this listing on Barfoot & Thompson

Location

Open homes

Jul21
Sunday13:00 - 13:30

Council Data

Last update : 2024 07 17
Improvement value$450,000Increased by 104% from year 2017
Land value$1,150,000Increased by 66% from year 2017
CV(Year 2021 Month 06)$1,600,000Increased by 75% from year 2017
View typeFocal Point Of view - Water
ContourLevel
Land area711m²
Floor area130m²
Decade of construction1940
TitleNA3B/1326
Type of titleFreehold
Legal descriptionLOT 47 DP 45393
CouncilAuckland - City
Estate descriptionFSIM,1/1,LOT 47 DEPOSITED PLAN 45393,711m2
Council rates$4,868.42 2023/2024
ConditionExternal Walls: Fair Roof: Fair
ZoningResidential - Mixed Housing Suburban Zone

School zones

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

Property history

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For developers

Unitary plan:Residential - Mixed Housing Suburban Zone
Land:711m²
Title:Freehold
Zoning
Underground
Contour
State houses
Flood zone

Surrounding facilities

Panama Road Neighborhood and Surrounding Data

Suburbs

Data analysis - Mount Wellington properties data
Mount Wellington property trend
Year
Median price
Growth
Sales count
2024
$1,285,000
14.9%
21
2023
$1,118,000
-10.6%
35
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
185 Panama Road, Mount Wellington
0.60 km
3
1
0m2
Year 2024 Month 06 Day 05
-
Council approved
5 Joe F Stanley Place, Otahuhu
0.30 km
4
2
156m2
Year 2024 Month 05 Day 29
$960,000
Council approved
2 Pelorus Place, Pakuranga
0.17 km
3
1
0m2
Year 2024 Month 04 Day 29
$1,150,000
Council approved
122 Tiraumea Drive, Pakuranga
0.83 km
3
1
120m2
Year 2024 Month 04 Day 26
$1,080,000
Council approved
0.67 km
2
1
72m2
Year 2024 Month 04 Day 18
$675,000
Council approved

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Ref:862421Last update:2024-07-15 08:30:32