Nestled in the heart of Otahuhu, Auckland, 37 Albert Street presents a charming residential property on a Freehold title. This 1950-built home boasts 3 bedrooms, a sunroom, separate lounge/dining, and a rumpus room with its own facilities, all encompassing approximately 187m2 of living space. The 698m2 level section is complemented by mixed-material walls and an iron roof, both in good condition. Since 2017, the Capital Value (CV) has seen a rapid increase of 35.54%, reaching $1,125,000 as of June 2021. The HouGarden AVM estimates the property at $1,077,500, while the latest sale history dates back to 2018 at $830,000.
With a CV growth rate that outpaces the market average, this property is not just a home but a sound investment. The property's potential is further enhanced by its zoning in the Mixed Housing Urban area, with council services nearby and easy access to major amenities and transportation links, including the airport and motorways. Notably, the property falls within the decile 1 school zones of Otahuhu College and Fairburn School, ensuring top-notch education opportunities for the family.
Whether you're looking for a family home, an investment to hold, or a development opportunity, this property offers versatility and potential in a location that's hard to beat. With the auction brought forward to 10th April 2024, this is an opportunity not to be missed.
Updated on April 12, 2024
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $870,000 | -13% | 47 |
2022 | $1,000,000 | -4.8% | 39 |
2021 | $1,050,500 | 27.3% | 82 |
2020 | $825,000 | 13.8% | 58 |
2019 | $725,000 | 0.8% | 42 |
2018 | $719,500 | 5.3% | 58 |
2017 | $683,000 | -8% | 47 |
2016 | $742,500 | 20.3% | 52 |
2015 | $617,000 | 19.9% | 63 |
2014 | $514,500 | - | 72 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.09 km | 3 | 1 | -m2 | 2024年03月20日 | $670,000 | Council approved | |
 | 0.23 km | 4 | 3 | 176m2 | 2024年02月09日 | $919,000 | Council approved | |
 | 0.24 km | 3 | 145m2 | 2024年01月18日 | $929,000 | Council approved | ||
0.17 km | 3 | 117m2 | 2023年12月13日 | $877,000 | Council approved | |||
0.17 km | 1 | 1 | 53m2 | 2023年12月06日 | $392,000 | Council approved |