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2/5 Sarawia Street, Newmarket, Auckland, 1 Bedrooms, 1 Bathrooms, House

Sold: $565,000

Sold on 2024 Year 2024 Month 04 Day 19

2/5 Sarawia Street, Newmarket, Auckland

1
1
45m2

This exquisite 1930s Art Deco unit, with its 1 bedroom and 1 bathroom, is a rare find in the heart of Newmarket. It sits on a unit title and offers a floor area of 45sqm, complemented by a mixed-material roof and roughcast walls. This property has seen a significant Capital Value (CV) increase of 21.15% from $520,000 in 2017 to $630,000 as of June 2021. The latest sale history includes transactions in 2015 for $450,000 and in 2006 for $257,000. HouGarden AVM estimates the property's value at $602,500. Whether you seek tranquility or convenience, this home provides both, being in a quiet cul-de-sac and minutes away from amenities and the CBD. It's not just a home but a piece of Newmarket's history.

For families, the school network is a significant plus. The property falls within the zones of Parnell School (Full Primary, Decile 9), Auckland Grammar (Secondary, Decile 9), Newmarket School (Contributing, Decile 7), and Epsom Girls' Grammar School (Secondary, Decile 9), ensuring top-notch education for children of all ages.

At $589,000, this property is a red-hot opportunity for first-time buyers, investors, or those looking to downsize while retaining the charm and convenience of city living.

Updated on April 19, 2024

Council Data

Last update : 2024 06 26
Improvement value$110,000Reduced by -15% from year 2017
Land value$520,000Increased by 33% from year 2017
CV(Year 2021 Month 06)$630,000Increased by 21% from year 2017
View typeNo appreciable view
ContourLevel
Floor area45m²
Decade of construction1930
TitleNA53B/258
Type of titleUnit Title
Legal descriptionAU 4 UP 97661, UNIT C UP 97661
CouncilAuckland - City
Estate descriptionSTFH,1/1,UNIT C AND ACCESSORY UNIT 4 DEPOSITED PLAN 97661
Council rates$2,114.20 2023/2024
ConditionExternal Walls: Average Roof: Average
ZoningResidential - Terrace Housing and Apartment Building Zone

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Newmarket School
0.86 km
Primary
1-6
Government
Co-Educational
EQI: 381
7
Auckland Grammar School
1.15 km
Secondary
9-15
Government
Single Sex-Boys
EQI: 385
9
Parnell School
1.22 km
Primary
1-8
Government
Co-Educational
EQI: 388
9
Epsom Girls Grammar School
1.42 km
Secondary
9-15
Government
Single Sex-Girls
EQI: 397
9

Property history

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For developers

Unitary plan:Residential - Terrace Housing and Apartment Building Zone
Land:-
Title:Unit Title
Zoning
Underground
Contour
State houses
Flood zone

Suburbs

Data analysis - Newmarket properties data
Newmarket property trend
Year
Median price
Growth
Sales count
2023
$478,000
16.3%
6
2022
$411,000
-19.6%
6
2021
$511,500
7.1%
12
2020
$477,500
1.6%
10
2019
$470,000
-8.3%
8
2018
$512,500
8.4%
12
2017
$473,000
5.1%
2
2016
$450,000
45.2%
7
2015
$310,000
10.7%
17
2014
$280,000
-
5

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
0.11 km
3
211m2
Year 2024 Month 03 Day 20
$1,100,000
Council approved
5/10-12 Sarawia Street
0.10 km
3
2
-m2
Year 2024 Month 03 Day 19
$1,100,000
Council approved
208/9 Sarawia Street
0.15 km
1
1
38m2
Year 2024 Month 02 Day 04
$370,000
Council approved
0.15 km
1
1
37m2
Year 2024 Month 01 Day 26
$449,000
Council approved
4/15 Sarawia Street
0.22 km
3
2
156m2
Year 2024 Month 01 Day 21
$1,408,000
Council approved

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