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Nestled in the heart of New Lynn, this enchanting freehold property on 1 Tiki Street offers a serene escape with immense potential. Constructed in the 1950s with wood exterior walls and an iron roof, this residence boasts an average condition, both inside and out. Spanning over 230sqm of floor area, it features 4 bedrooms and is complemented by 3 carparks. The 827sqm land area, with an easy/moderate rise contour, invites future development prospects (subject to council approval).
Since 2017, the property's Capital Value (CV) has seen a remarkable increase of 35.42%, reaching $1,625,000 as of June 2021. The HouGarden AVM estimates the property's worth at $1,515,000, while the latest sales history from 2005 to 2008 indicates a consistent growth trajectory. This prime location is not only a gem for investors but also for families, given its school zone inclusion in New Lynn School (Decile 4), Kelston Intermediate (Decile 2), and others.
Education opportunities are abundant, with zonings in high-regarded institutions such as Kelston Boys' High School (Decile 3), Kelston Girls' College (Decile 2), Blockhouse Bay Intermediate (Decile 5), and Green Bay High School (Decile 8). Close to Lynn Mall shopping centre and transport hubs, this property offers both convenience and connectivity, making it an attractive proposition for those seeking a combination of prime location, potential, and an investment that appreciates over time.
Updated on May 07, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.27 km | 3 | 2 | 170m2 | Year 2024 Month 12 Day 03 | - | Council approved | |
 | 0.15 km | 2 | 1 | -m2 | Year 2024 Month 11 Day 01 | $866,000 | Council approved | |
 | 0.17 km | 3 | 2 | 107m2 | Year 2024 Month 11 Day 01 | - | Council approved | |
 | 0.30 km | 2 | 1 | 80m2 | Year 2024 Month 10 Day 19 | - | Council approved | |
 | 0.19 km | 3 | 1 | -m2 | Year 2024 Month 10 Day 01 | $650,000 | Council approved |