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Sold: $547,000

Sold on 2024 Year 2024 Month 04 Day 23

D618/176 Broadway, Newmarket, Auckland

2
1
63m2

Nestled in the vibrant heart of Newmarket, Auckland, this 63 square meter, 2-bedroom, 1-bathroom apartment with a single carpark is a prime example of modern living. Constructed in 2002 with a mix of materials for the walls and iron for the roof, this unit title property is in good condition both inside and out. It is located in a level contour, within a quiet cul-de-sac, providing a peaceful retreat while being in close proximity to the city's amenities.

Since 2017, the capital value has shown a steady increase, reaching $730,000 as of June 2021, marking a growth of 4.29%. The HouGarden AVM estimates the property's worth at $680,000, while the latest sale in April 2024 was at $547,000, indicating a potentially sound investment opportunity.

For families with school-aged children, the property falls within the zones of some of Auckland's most prestigious schools. Auckland Grammar, a secondary school with a decile rating of 9, is within reach, as are Newmarket School, Auckland Normal Intermediate, and Epsom Girls' Grammar School, all of which are highly rated educational institutions.

Updated on May 22, 2024

Council Data

Last update : 2025 01 22
Improvement value$485,000Increased by 2% from year 2017
Land value$245,000Increased by 8% from year 2017
CV(Year 2021 Month 06)$730,000Increased by 4% from year 2017
View typeNo appreciable view
ContourLevel
Floor area63m²
Decade of construction2002
Title340496
Type of titleUnit Title
Legal descriptionAU 25L2 UP 384983, UNIT Q6D18 UP 384983
CouncilAuckland - City
Estate descriptionSTFH,1/1,UNIT Q6D18 AND ACCESSORY UNIT 25L2 DEPOSITED PLAN 384983
Council rates$2,302.43
2023/2024
ConditionExternal Walls: Good
Roof: Good
ZoningBusiness - Metropolitan Centre Zone

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Newmarket School
0.44 km
Primary
1-6
Government
Co-Educational
EQI: 381
7
Auckland Grammar School
0.85 km
Secondary
9-15
Government
Single Sex-Boys
EQI: 385
9
Epsom Girls Grammar School
0.98 km
Secondary
9-15
Government
Single Sex-Girls
EQI: 397
9
Auckland Normal Intermediate
2.21 km
Secondary
7-8
Government
Co-Educational
EQI: 374
9

Property history

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For developers

Unitary plan:Business - Metropolitan Centre Zone
Land:-
Title:Unit Title

Surrounding facilities

Broadway Neighborhood and Surrounding Data

Suburbs

Data analysis - Newmarket properties data
Sales count(Last 12 months)
6View
Type: Unit
Sales median price(Last 12 months)
$533,500
Low: $480,000, High: $585,000
Rent median price(Last 12 months)
$630
Low: $560, High: $1,250
Newmarket property trend
Year
Median price
Growth
Sales count
2024
$547,000
-14%
7
2023
$636,000
-12.6%
6
2022
$728,000
-0.3%
7
2021
$730,000
0.7%
23
2020
$725,000
6.1%
21
2019
$683,500
1.7%
16
2018
$672,000
-4%
33
2017
$700,000
-1.4%
21
2016
$710,000
10.3%
20
2015
$643,500
23%
29
2014
$523,000
-
22

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
0.00 km
2
2
63m2
Year 2024 Month 11 Day 06
$520,000
Council approved
C402/176 Broadway, Newmarket
0.00 km
2
2
-m2
Year 2024 Month 11 Day 01
-
Council approved
0.00 km
2
1
63m2
Year 2024 Month 10 Day 29
$480,000
Council approved
0.00 km
1
1
38m2
Year 2024 Month 10 Day 24
$284,888
Council approved
0.00 km
2
2
63m2
Year 2024 Month 09 Day 04
$520,000
Council approved

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