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18 Monterey Avenue, Otahuhu, Auckland, 4 Bedrooms, 0 Bathrooms, House

Sold: Sold price unknown

Sold on 2024 Year 2024 Month 05 Day 17

18 Monterey Avenue, Otahuhu, Auckland

4
248m2
1173m2

Nestled in a serene cul-de-sac at 18 Monterey Avenue, Otahuhu, Auckland, this freehold property is a gem for investors and families alike. Constructed in 1964 with mixed brick walls and a mixed-material roof, it offers a floor area of 248 sqm on a sprawling 1173 sqm lot. The property, zoned for multiple housing, currently features a main house with spacious living areas and three bedrooms upstairs, a basement for storage, and a separate one-bedroom unit from the 1970s. The capital value has seen a significant increase of 34% from $990,000 in 2017 to $1,325,000 as of June 2021. The HouGarden AVM estimates it at $1,235,000, while the latest sales were at $1,100,000 in 2021 and $1,024,000 in 2017. This property is in the catchment of Otahuhu College (Secondary, Decile 1) and Fairburn School (Contributing, Decile 1), making it an ideal choice for families with educational priorities.

With potential for development and the versatility of a home and income setup, this property presents endless opportunities. Its convenient location, adjacent to the Tamaki Estuary Reserve, provides easy access to the town center and commuting routes, enhancing its appeal. Whether you're looking to create a tranquil haven or invest in a rapidly appreciating asset, this property is a must-consider.

Educationally, the property falls within a highly sought-after school zone. The local schools, Otahuhu College and Fairburn School, are both Decile 1 institutions, ensuring a high standard of education for the family. This, coupled with the property's strategic location and growth potential, makes it a wise investment for both present comfort and future returns.

Updated on June 05, 2024

Council Data

Last update : 2024 06 12
Improvement value$25,000Reduced by -86% from year 2017
Land value$1,300,000Increased by 62% from year 2017
CV(Year 2021 Month 06)$1,325,000Increased by 33% from year 2017
View typeNo appreciable view
ContourLevel
Land area1173m²
Floor area248m²
Decade of construction1964
TitleNA4C/222
Type of titleFreehold
Legal descriptionLOT 7 DP 53557
CouncilAuckland - City
Estate descriptionFSIM,1/1,LOT 7 DEPOSITED PLAN 53557,1174m2
Council rates$4,426.04 2023/2024
ConditionExternal Walls: Mixed Roof: Mixed
ZoningResidential - Mixed Housing Suburban Zone

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Fairburn School
0.38 km
Primary
1-6
Government
Co-Educational
EQI: 485
1
Otahuhu College
1.34 km
Secondary
9-15
Government
Co-Educational
EQI: 513
1

Property history

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For developers

Unitary plan:Residential - Mixed Housing Suburban Zone
Land:1173m²
Title:Freehold
Zoning
Underground
Contour
State houses
Flood zone

Suburbs

Data analysis - Otahuhu properties data
Otahuhu property trend
Year
Median price
Growth
Sales count
2023
$928,118
-12.5%
21
2022
$1,061,000
-5.3%
14
2021
$1,120,000
27.8%
37
2020
$876,127
6%
21
2019
$826,750
0.5%
14
2018
$823,000
9.7%
27
2017
$750,000
5.6%
29
2016
$710,000
10.9%
23
2015
$640,000
20.8%
31
2014
$530,000
-
33

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
18a Curlew Bay Road
0.24 km
3
2
86m2
Year 2024 Month 05 Day 14
$765,000
Council approved
1/61 High Street
0.45 km
3
1
-m2
Year 2024 Month 04 Day 30
$600,000
Council approved
1-3/16 Rodney Street
0.12 km
6
3
225m2
Year 2024 Month 04 Day 02
$1,240,000
Council approved
27 Monterey Avenue
0.38 km
3
1
-m2
Year 2024 Month 01 Day 01
$837,500
Council approved
2A/1 Jack Browne Place
0.28 km
1
1
-m2
Year 2024 Month 01 Day 01
$365,000
Council approved

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