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24 Rata Street, New Lynn, Waitakere City, Auckland

By negotiation

24 Rata Street, New Lynn, Waitakere City, Auckland

3

1

1027m²

HouseListed on Thu Feb 8

New Lynn 3 Bedroom THAB ZONE - Developing or Land Banking

Attention all Investors & Developers, explore this goldmine from 24 Rata St in THAB (Terrace Housing and Apartment) ZONE. Whether you are looking for your next development project or long-term land bank investment, this could be an opportunity for you!

Situated on a flat 1024sqm land opposite the NewLynn Shopping Centre, THAB ZONE new buildings are enabled up to five, six or seven storeys under the Unitary Plan (subject to council approval). Current preliminary concept plan offers:

Option One: 9 three-storey Terrace houses

Option Two: 6 Stand-alone & Duplex Townhouses

Option Three: up to 24 units and 6 storeys apartment

Option Four: Combine the land with 26 Rata St, and explore the future possibility!

The current property offers 3 generous bedrooms complemented by a well-appointed bathroom, while the kitchen and dining area ensure the ability to cater to all the occasions. The living area ensures there's plenty of space and versatility for all families.

Situated in a prime location of New Lynn/Avondale, opposite the "The Warehouse" and LynnMall. this property is central to local schools, Auckland Airport, the Western Link motorway, and public transport. location is key for this site.

CHOICE IS YOURS! DEVELOP OR LAND BANK!!

See this listing on Barfoot & Thompson

Location

Council Data

Last update : 2024 07 03

Improvement value$125,000Increased by 78% from year 2017

Land value$2,050,000Increased by 89% from year 2017

CV(Year 2021 Month 06)$2,175,000Increased by 89% from year 2017

DeckYes

View typeNo appreciable view

ContourLevel

Land area1027m²

Floor area120m²

Decade of construction1950

TitleNA692/20

Type of titleFreehold

Legal descriptionLOT 2 DP 11688

CouncilAuckland - Waitakere

Estate descriptionFSIM,1/1,LOT 2 DEPOSITED PLAN 11688,1027m2

Council rates$4,856.11 2023/2024

ConditionExternal Walls: Average Roof: Average

ZoningResidential - Terrace Housing and Apartment Building Zone

School zones

Name	Distance	Type	Year	Attribute	Gender	Score	Decile
Kelston School	1.19 km	Primary	1-6	Government	Co-Educational	EQI: 486	3	Detail
Kelston Girls' College	1.23 km	Secondary	9-15	Government	Single Sex-Girls	EQI: 509	2	Detail
Kelston Boys' High School	1.35 km	Secondary	9-15	Government	Single Sex-Boys	EQI: 507	3	Detail
Kelston Intermediate	1.64 km	Secondary	7-8	Government	Co-Educational	EQI: 507	2	Detail

Property history

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For developers

Unitary plan:Residential - Terrace Housing and Apartment Building Zone

Land:1027m²

Title:Freehold

Zoning

Underground

Contour

State houses

Flood zone

Suburbs

Data analysis - New Lynn properties data

Sales count(Last 12 months)

52View

Type: Freehold

Sales median price(Last 12 months)

$947,500

Low: $650,000, High: $1,600,002

Rent median price(Last 12 months)

$665

Low: $250, High: $1,000

New Lynn property trend

Year	Median price	Growth	Sales count
2024	$910,000	-3.2%	23
2023	$940,000	-14.8%	51
2022	$1,103,000	-8.1%	51
2021	$1,200,000	31.7%	101
2020	$911,000	18.6%	130
2019	$768,000	-7.5%	79
2018	$830,416	1.3%	102
2017	$820,000	-3.5%	80
2016	$850,000	12.6%	94
2015	$755,000	21%	107
2014	$624,000	-	88

Mortgage

Sold nearby

Address	Distance	Bed	Bath	Floor area	Sold date	Sold	Data source
17 Nikau Street	0.22 km	3	2	-m²	Year 2024 Month 05 Day 01	-	Council approved
5A Pine Street	0.16 km	3	2	-m²	Year 2024 Month 04 Day 01	$965,000	Council approved
19 Caspian Close	0.22 km	3	1	88m²	Year 2024 Month 03 Day 07	$760,000	Council approved
16C Pine Street	0.17 km	3	1	-m²	Year 2024 Month 03 Day 01	$780,000	Council approved
5/8 Miro Street	0.21 km	2	1	70m²	Year 2024 Month 02 Day 09	$490,000	Council approved