Type and search...
3199 Great North Road, New Lynn, Waitakere City, Auckland, 6 Bedrooms, 2 Bathrooms, Home & Income

Price on Application

3199 Great North Road, New Lynn, Waitakere City, Auckland

6
2
1
200m2
1105m2
Home & IncomeListed on Thu Sep 19
Nearby train station

New Lynn 6 Bedroom Land Bank and Cash Cow

Here's your chance to secure a unique home and income opportunity with this charming 1920's character bungalow, offering both immediate rental income and long-term development potential. Situated in the sought-after Residential-Terrace Housing and Apartment Building Zone, this property is perfect for investors or those looking to land bank for future growth.

Main Home:

The front house boasts a delightful blend of 1920's character and modern comfort. With 4 spacious bedrooms, this home features a beautifully designed, modern kitchen that is both spacious and functional. The kitchen seamlessly flows into the open-plan dining area, creating an ideal space for family living and entertaining. For those who love hosting, the large French doors open onto a spacious deck, extending the entertainment space outdoors, perfect for BBQs and gatherings.

Income-Generating Opportunity:

At the rear, you'll find a 2-bedroom secondary dwelling-perfect for generating additional rental income. Whether you choose to rent out both homes or live in one while earning income from the other, this setup offers flexibility and significant cash flow potential.

Prime Location:

Located just a short walking distance from both the bus and train stations, this property offers unbeatable convenience for commuters. In addition, the proximity to Lynn Mall, local shops, cafés, and restaurants allows you to enjoy the vibrant lifestyle of New Lynn Town Centre.

Development Potential:

For savvy investors, this property offers the exciting possibility of future development. With its zoning, you could explore the potential for further development on this sizeable section, making it a land banker's dream. Unlock its value by developing in the future or enjoy the rental income in the meantime.

This is a rare opportunity that combines immediate rental returns with long-term capital growth potential. Act fast to secure this solid investment!

Location

Schedule a viewing

Council Data

Last update : 2025 01 22
Improvement value$25,000Reduced by -75% from year 2017
Land value$2,150,000Increased by 90% from year 2017
CV(Year 2021 Month 06)$2,175,000Increased by 76% from year 2017
View typeFocal Point Of view - Other
ContourEasy/Moderate Fall
Land area1105m²
Floor area200m²
TitleNA1091/175
Type of titleFreehold
Legal descriptionPT LOT 4 DPW83 - G/FLAT REMISSION
CouncilAuckland - Waitakere
Estate descriptionFSIM,1/1,PART LOT 4 DEEDS PLAN W83,1105m2
Council rates$5,617.88
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 Girls' College
0.33 km
Secondary
9-15
Government
Single Sex-Girls
EQI: 509
2
Kelston School
0.65 km
Primary
1-6
Government
Co-Educational
EQI: 486
3
Kelston Boys' High School
1.14 km
Secondary
9-15
Government
Single Sex-Boys
EQI: 507
3
Kelston Intermediate
1.31 km
Secondary
7-8
Government
Co-Educational
EQI: 507
2

Property history

Need Login
Please login

For developers

Unitary plan:Residential - Terrace Housing and Apartment Building Zone
Land:1105m²
Title:Freehold

Surrounding facilities

Great North Road Neighborhood and Surrounding Data

Suburbs

Data analysis - New Lynn properties data
New Lynn property trend
Year
Median price
Growth
Sales count
2024
$1,108,500
-11.5%
6
2023
$1,252,500
-29.6%
2
2022
$1,780,000
25.8%
2
2021
$1,415,500
0.4%
8
2020
$1,410,000
50.8%
9
2019
$935,000
-5.3%
6
2018
$987,500
-21.8%
4
2017
$1,262,500
0.4%
6
2016
$1,258,000
11.1%
5
2015
$1,132,500
53%
12
2014
$740,000
-
1

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
3181 Great North Road, New Lynn
0.17 km
2
2
120m2
Year 2024 Month 11 Day 28
-
Council approved
0.05 km
2
1
71m2
Year 2024 Month 11 Day 14
$699,000
Council approved
1/3193 Great North Road, New Lynn
0.05 km
3
2
0m2
Year 2024 Month 11 Day 01
$925,000
Council approved
39 Kohekohe Street, New Lynn
0.18 km
3
1
-m2
Year 2024 Month 09 Day 08
-
Council approved
16 Faith Bullock Place, New Lynn
0.14 km
2
1
-m2
Year 2024 Month 09 Day 06
-
Council approved

You may like

Ref:KN9895Last update:2024-11-01 09:06:13