Floor plan
Vendor is not GST Registered
Offers over 1.3m
Great opportunity for developers ! project comes in Mount Wellington, Central Auckland for all developers, land bankers, and astute investors to secure at this prime location of Penrose Road, Mount Wellington with the approved plan of 2 more stand-alone houses with the existing house.
The prime sought-after location of 61A Penrose Road a 704 sqm freehold property has already gone through hard work from the Auckland Council and Resource Consent (RC), Building Consent (BC), and EPA already obtained to build 2 more standalone houses of 2 levels adjacent to 4-bedroom exiting dwelling. The existing 4-bedroom house is rented, and the tenants are happily living on a periodic tenancy.
The main attraction of this property is its location 5-minute drive to Sylvia Park Shopping Centre, Penrose Train Station is just 900 meters away & Bus Stop is just 500 meters away, and Motorway 1 is just a 5-7 minute drive through both Ellerslie and Sylvia Park exits. Close to schools and all other amenities.
Another mind-blowing feature is Penrose, Panmure, Sylvia Park, and Ellerslie Industrial area which is located around 5 minutes drive from this property. As developers thought, the people who work in that industrial area will prefer to buy these houses, because it will help them to save money and time, both considered on a priority base for every person.
Whether you're a developer or a land banker seeking to make a strategic investment, capitalize on the potential of this prime location in the Residential-Mixed Housing Suburban Zone so, contact us today to learn more and discuss how you can seize this exciting opportunity.
Vendors are highly motivated to sell, so just pick up the phone and call now to Sudesh Kumar on 0212303149 or Agent Raj on 0210637463 for more information regarding this great deal.
* Please note: Potential purchasers are advised to conduct their own due diligence in relation to this property.
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $1,114,000 | -10.9% | 34 |
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 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.37 km | 3 | 2 | 127m2 | Year 2024 Month 03 Day 27 | $1,150,000 | Council approved | |
 | 0.39 km | 6 | 2 | -m2 | Year 2024 Month 03 Day 20 | $1,831,500 | Council approved | |
 | 0.38 km | 3 | 1 | -m2 | Year 2024 Month 03 Day 01 | - | Council approved | |
 | 0.36 km | 3 | 2 | 127m2 | Year 2024 Month 02 Day 21 | $1,175,000 | Council approved | |
0.76 km | 3 | 125m2 | Year 2023 Month 12 Day 22 | $1,700,000 | Council approved |