Nestled in the serene cul-de-sac of 1/91 Queen Street, Northcote Point, this 1940-built, 2-bedroom, 1-bathroom residential unit is a prime example of a cross-lease property. With an average-condition wooden exterior and tiled roof, it sits on a level contour, offering an opportunity for renovation. The floor area spans 75 square meters, and the property boasts a convenient location near Waiuku Township. The capital value has seen a significant increase from $1,025,000 in 2017 to $1,375,000 as of June 2021, marking a 34.15% growth. The latest sales were recorded at $961,000 in 2017 and $650,000 in 2014. Currently valued at $1,382,500 according to HouGarden AVM, this property is perfect for those seeking to add value.
With a government valuation on the rise and a history of steady sales, this property presents a promising investment. The nearby schools, Northcote Intermediate with a decile rating of 6, Northcote School (Auckland) at a decile 9, and Northcote College, a secondary school with a decile 7 rating, are added bonuses for families.
Set in a desirable school zone, this property is ideal for those with children. The open-plan layout, private outdoor space, and potential for a secure play area for kids and pets make it an attractive proposition. Act now to secure this property, as it will be sold through negotiation for the first four weeks before heading to auction.
Updated on September 03, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.12 km | 1 | 1 | 50m2 | Year 2024 Month 12 Day 09 | - | Council approved | |
 | 0.07 km | 3 | 2 | 150m2 | Year 2024 Month 12 Day 06 | - | Council approved | |
 | 0.46 km | 3 | 1 | -m2 | Year 2024 Month 10 Day 18 | - | Council approved | |
 | 0.27 km | 1 | 1 | 53m2 | Year 2024 Month 09 Day 17 | - | Council approved | |
0.26 km | 2 | 1 | 53m2 | Year 2024 Month 09 Day 03 | $530,000 | Council approved |