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5/62 Fernhill Way, Oteha, Auckland - North Shore, 3 Bedrooms, 0 Bathrooms, House

Sold: $850,000

Sold on 2024 Year 2024 Month 01 Day 17

5/62 Fernhill Way, Oteha, Auckland - North Shore

3
190m2

This property at 5/62 Fernhill Way, Oteha, Auckland - North Shore, is a Residential - Ownership home units category, featuring a spacious 190 sqm (approx) floor area on a 1/6 share of 1,669m2 land (approx) with a Cross-Lease title. The property, built in 1998, boasts poor condition roughcast walls and tiles roof, on an easy/moderate rise contour. It includes 3 bedrooms, a versatile study room convertible into a 4th bedroom, and 2 bathrooms, alongside an internal access double garage. The property has been exquisitely renovated, including a fully renovated kitchen with modern amenities like InSinkErator's Hot Taps, a heat pump, and an HRV system for optimal heating/cooling and ventilation.

The capital value of the property has seen a significant increase from $660,000 in July 2017 to $810,000 in June 2021, marking a 22.73% growth. The latest sale recorded on December 27, 2023, was at $850,000, with a HouGarden AVM of $775,000. This demonstrates the property's strong market performance and potential for future appreciation.

Located in a prime education zone, the property is zoned for top decile schools including Rangitoto College, Pinehill School (Browns Bay), Long Bay College, and Northcross Intermediate, all offering exceptional educational opportunities. Its strategic location offers easy access to Albany Westfield, Mega Center, Albany bus station, restaurants, and cafes, making it an ideal choice for families seeking convenience and quality living.

Updated on April 06, 2024.

Council Data

Last update : 2024 07 17
Improvement value$170,000Increased by 112% from year 2017
Land value$640,000Increased by 10% from year 2017
CV(Year 2021 Month 06)$810,000Increased by 22% from year 2017
DeckYes
View typeFocal Point Of view - Other
ContourEasy/Moderate rise
Floor area190m²
Decade of construction1998
TitleNA119A/31
Type of titleCross-Lease
Legal descriptionFLAT 5 DP 188894 ON LOT 1 DP 188893 HAVING 1/6 INT IN 1669 SQ METRES
CouncilAuckland - North Shore
Estate descriptionFSIM,1/6,LOT 1 DEPOSITED PLAN 188893,1669m2
Council rates$2,286.55 2023/2024
ConditionExternal Walls: Poor Roof: Poor
ZoningResidential - Mixed Housing Suburban Zone

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Pinehill School (Browns Bay)
0.46 km
Primary
1-6
Government
Co-Educational
EQI: 363
10
Northcross Intermediate
0.95 km
Secondary
7-8
Government
Co-Educational
EQI: 407
10
Rangitoto College
2.15 km
Secondary
9-15
Government
Co-Educational
EQI: 400
10
Long Bay College
3.89 km
Secondary
9-15
Government
Co-Educational
EQI: 422
10

Property history

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For developers

Unitary plan:Residential - Mixed Housing Suburban Zone
Land:-
Title:Cross-Lease
Zoning
Underground
Contour
State houses
Flood zone

Fernhill Way Neighborhood and Surrounding Data

Suburbs

Data analysis - Oteha properties data
Oteha property trend
Year
Median price
Growth
Sales count
2024
$1,063,000
8.7%
2
2023
$978,344
-11.5%
1
2022
$1,105,000
4%
1
2021
$1,062,500
41.7%
1
2019
$750,000
-10%
1
2018
$833,000
-6.2%
2
2017
$888,000
6.6%
1
2016
$833,300
24.4%
1
2015
$670,000
3.2%
1
2014
$649,000
-
1

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
15 Margaret Henry Crescent, Albany
0.21 km
5
3
0m2
Year 2024 Month 06 Day 04
-
Council approved
2/786 East Coast Road, Pinehill
0.26 km
3
2
0m2
Year 2024 Month 05 Day 01
-
Council approved
7 Kerekin Drive, Oteha
0.25 km
6
5
442m2
Year 2024 Month 05 Day 01
-
Council approved
0.16 km
6
405m2
Year 2024 Month 03 Day 04
$2,850,000
Council approved
0.11 km
3
136m2
Year 2024 Month 02 Day 14
$450,000
Council approved

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