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2/8 Penguin Drive, Murrays Bay, Auckland - North Shore, 4 Bedrooms, 0 Bathrooms, House

Sold: Sold price unknown

Sold on 2024 Year 2024 Month 07 Day 04

2/8 Penguin Drive, Murrays Bay, Auckland - North Shore

4
226m2

Nestled in the prestigious Murray's Bay, this exquisite property boasts a serene cul-de-sac location, offering a perfect blend of space and privacy. Constructed in 1994 with mixed materials for the walls and tiles for the roof, the dwelling maintains a good condition both inside and out. It features 4 bedrooms, 2 car parks, and a floor area of 226 square meters, all set on a steep rise for added grandeur. The freehold property is under a Cross-Lease title, ensuring a secure ownership structure.

With a significant Capital Value (CV) increase of 26% from $1,230,000 in 2017 to $1,550,000 as of 2021, and an estimated value of $1,440,000 by HouGarden AVM, this property also boasts a strong sales history, with the latest sale recorded at $702,000 in 2010. The CV growth and sales history indicate a sound investment opportunity.

For families with children, the property falls within the zone of top-rated schools, including Murray's Bay Primary, Murrays Bay Intermediate, Northcross Intermediate, and Rangitoto College, all decile 10 institutions. This ensures access to an excellent education within walking distance. This property is not just a home; it's an investment in a lifestyle.

Updated on July 05, 2024

Council Data

Last update : 2024 07 17
Improvement value$700,000Increased by 32% from year 2017
Land value$850,000Increased by 21% from year 2017
CV(Year 2021 Month 06)$1,550,000Increased by 26% from year 2017
DeckYes
View typeFocal Point Of view - Other
ContourSteep rise
Floor area226m²
Decade of construction1994
Title383310
Type of titleCross-Lease
Legal descriptionFLAT 2 DP 396116 ON LOT 78 DP 117361 -HAVING 1/2 INT IN 994 SQ METRES-
CouncilAuckland - North Shore
Estate descriptionFSIM,1/2,LOT 78 DEPOSITED PLAN 117361,994m2
Council rates$3,679.57 2023/2024
ConditionExternal Walls: Good Roof: Good
ZoningResidential - Mixed Housing Suburban Zone

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Murrays Bay Intermediate
0.48 km
Secondary
7-8
Government
Co-Educational
EQI: 381
10
Murrays Bay School
0.57 km
Primary
1-6
Government
Co-Educational
EQI: 362
10
Rangitoto College
0.70 km
Secondary
9-15
Government
Co-Educational
EQI: 400
10
Northcross Intermediate
2.21 km
Secondary
7-8
Government
Co-Educational
EQI: 407
10

Property history

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For developers

Unitary plan:Residential - Mixed Housing Suburban Zone
Land:-
Title:Cross-Lease
Zoning
Underground
Contour
State houses
Flood zone

Penguin Drive Neighborhood and Surrounding Data

Suburbs

Data analysis - Murrays Bay properties data
Murrays Bay property trend
Year
Median price
Growth
Sales count
2024
$1,427,500
4.8%
1
2023
$1,362,000
3.2%
3
2022
$1,320,000
-12.6%
5
2021
$1,511,000
18.6%
7
2020
$1,274,000
7.6%
9
2019
$1,184,000
-11%
6
2018
$1,331,000
28%
5
2017
$1,040,250
-14.4%
6
2016
$1,215,000
-0.8%
10
2015
$1,225,000
-0.4%
4
2014
$1,230,000
-
7

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
95 Sunrise Avenue, Murrays Bay
0.41 km
4
2
0m2
Year 2024 Month 06 Day 27
$1,387,000
Council approved
2/89 Knights Road, Rothesay Bay
0.27 km
4
2
190m2
Year 2024 Month 06 Day 25
$1,167,500
Council approved
0.34 km
5
210m2
Year 2024 Month 05 Day 19
$2,050,000
Council approved
35 Bellbird Rise, Murrays Bay
0.23 km
4
3
243m2
Year 2024 Month 03 Day 07
$2,300,000
Council approved
161 Browns Bay Road, Browns Bay
0.25 km
4
176m2
Year 2024 Month 02 Day 19
$1,165,000
Council approved

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