Located at 45 Sheridan Drive, New Lynn, Auckland - Waitakere, this unique property presents a golden opportunity for astute investors and homeowners alike. Nestled on a sunny 792sqm section within the Mixed Housing Urban Zone, it offers various scenarios for new owners, making it a must-see for those seeking a smart investment or development opportunity (subject to council approval), as well as those desiring a safe and convenient lifestyle while holding a valuable land bank for the future. Constructed in 1961 with solid, durable weatherboard and block materials, the property features 3 double bedrooms, spacious open-plan living, kitchen, and dining areas, a lovely balcony with local views, a separate bathroom and toilet, and a basement garage. The condition of the walls and roof is good, and the property contour is an easy/moderate rise, ensuring a comfortable living environment. Additionally, the property boasts a beautiful green backyard, perfect for gardening enthusiasts and families with children.
The property's capital value has seen a significant increase, from $840,000 on July 1, 2017, to $1,425,000 on June 1, 2021, marking a 69.64% growth. The latest HouGarden AVM estimates the property's value at $1,367,500, with the most recent sale on March 1, 2024, fetching $1,360,000. This remarkable growth underscores the property's investment potential and its appeal in the current market.
Education is a top priority for families, and this property is ideally located within the school zones of Arahoe School (decile 5), Blockhouse Bay Intermediate (decile 5), and Green Bay High School (decile 8), offering excellent educational opportunities for children of all ages. The central location provides easy access to local amenities, including the esteemed Arohoe Primary School, local shops, the prestigious Titirangi Golf Club, and the New Lynn Transportation Centre, ensuring a convenient and vibrant lifestyle for its residents.
Updated on April 04, 2024.
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $940,000 | -14.8% | 44 |
2022 | $1,103,000 | -8.1% | 51 |
2021 | $1,200,000 | 31.9% | 98 |
2020 | $910,000 | 18.5% | 129 |
2019 | $768,000 | -7.6% | 79 |
2018 | $830,833 | 1.3% | 103 |
2017 | $820,000 | -3.5% | 80 |
2016 | $850,000 | 12.6% | 94 |
2015 | $755,000 | 21% | 107 |
2014 | $624,000 | - | 88 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.22 km | 3 | 1 | 110m2 | 2024年04月23日 | $837,000 | Council approved | |
 | 0.21 km | 3 | 2 | 146m2 | 2024年04月15日 | $950,000 | Council approved | |
 | 0.05 km | 2 | 1 | 90m2 | 2024年04月11日 | $770,000 | Council approved | |
 | 0.25 km | 4 | 2 | 130m2 | 2024年03月23日 | $1,370,000 | Council approved | |
 | 0.30 km | 4 | 2 | 185m2 | 2024年02月10日 | $1,450,000 | Council approved |