29 Hutchinson Avenue, New Lynn, Auckland - Waitakere

Nestled in the core of New Lynn, 29 Hutchinson Avenue stands as a charming 2-bedroom bungalow on a spacious 1083m2 of freehold land. Constructed in the 1920s with wooden walls and an iron roof, this property offers an average condition that preserves its historical charm. The site, with an easy/moderate rise contour, is zoned for Mixed Housing Urban, providing a golden opportunity for developers and investors. The property has seen a significant jump in Capital Value (CV), increasing from $1,150,000 in 2017 to $1,925,000 as of June 2021, showcasing a growth rate of 67.39%. The HouGarden AVM estimates the property's worth at $1,842,500, making it an attractive prospect. Additionally, the property includes a single car park and a floor area of 130m2.

With a CV increase that outpaces the market average, and a recent sales history that speaks to its desirability, this property is a rare find. The current owner, after nearly six decades of residency, is now offering this piece of history to those who recognize a unique opportunity.

For families with school-aged children, the property falls within the zones of several reputable schools. Kelston Intermediate and New Lynn School are both in the vicinity, rated at deciles 2 and 4 respectively. For secondary education, Kelston Boys' and Girls' High Schools are at deciles 3 and 2, while Green Bay High School stands at a higher decile of 8. This combination of location, potential for growth, and educational opportunities makes 29 Hutchinson Avenue an unparalleled choice.

Updated on April 12, 2024