Nestled in the serene cul-de-sac of 50b Arawa Street, New Lynn, Auckland, this 1999-built, freehold townhouse boasts 3 bedrooms, a spacious open-plan living area, and a single carpark. The 128sqm floor area is complemented by a 142sqm land area, with a mix of wall materials and an iron roof in good condition. The property's Capital Value (CV) has seen a substantial increase of 16.08% from $715,000 in 2017 to $830,000 as of June 2021. HouGarden AVM estimates it at $795,000, while the latest sales history shows a growth from $240,000 in 2011 to $270,000 in 2012.
With a CV growth rate that outpaces the market, this property presents a sound investment. It's a perfect blend of affordability and potential, ideal for those seeking a project to transform into their dream home. The absence of cross-lease and body corporate fees provides unparalleled freedom and low maintenance costs.
For families, the property falls within the decile 2-rated Kelston Intermediate and decile 3-rated Kelston Boys' High School zones, as well as Kelston Girls' College and Fruitvale Road School. This educational catchment area ensures quality schooling options for children of all ages.
Updated on November 01, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.24 km | 2 | 2 | 120m2 | Year 2024 Month 11 Day 28 | - | Council approved | |
 | 0.19 km | 2 | 1 | 80m2 | Year 2024 Month 10 Day 27 | $527,500 | Council approved | |
0.24 km | 3 | 119m2 | Year 2024 Month 10 Day 13 | $815,000 | Council approved | |||
0.24 km | 3 | 119m2 | Year 2024 Month 09 Day 09 | $829,000 | Council approved | |||
 | 0.24 km | 2 | 1 | -m2 | Year 2024 Month 08 Day 16 | - | Council approved |