Nestled in the serene environs of One Tree Hill, this 1970-built residence on 4/43 Tawhiri Road offers an alluring investment opportunity on a freehold 365m2 land. The property, featuring wood exterior walls and an iron roof, presents a cozy 42m2 floor area with 1 bedroom and 1 bathroom. The site's potential is further enhanced by its north-facing orientation, making it a prime choice for architects, builders, and first-time homebuyers. With a CV of $1,000,000 as of June 2021, this property has seen a significant increase from its latest sale price of $750,000 in February 2020, indicating a growth of 33%. The HouGarden AVM estimates the property's value at $975,000, echoing the market's confidence in its worth.
History shows a promising trend with the capital value rising steadily, making it an attractive prospect for investors. The location, a quiet cul-de-sac, is not only peaceful but also strategically close to Cornwall Park's walking trails, the scenic summit of One Tree Hill, and the amenities of Royal Oak. It falls within the Mixed Housing Suburban Zone, which is both convenient and promising for future development.
For families with school-aged children, the property is zoned for Baradene College (Decile 9), Remuera Intermediate (Decile 8), Oranga School (Decile 3), and One Tree Hill College (Decile 3), ensuring access to quality education. This combination of a prime location, potential for growth, and educational opportunities makes this property a rare find indeed.
Updated on August 21, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.23 km | 2 | 1 | 82m2 | Year 2024 Month 11 Day 18 | $845,000 | Council approved | |
 | 0.22 km | 3 | 2 | -m2 | Year 2024 Month 09 Day 18 | $1,670,000 | Council approved | |
 | 0.20 km | 2 | 1 | 108m2 | Year 2024 Month 08 Day 27 | $1,105,000 | Council approved | |
 | 0.32 km | 4 | 1 | -m2 | Year 2024 Month 08 Day 27 | - | Council approved | |
 | 0.29 km | 4 | 288m2 | Year 2024 Month 08 Day 06 | $3,100,000 | Council approved |