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8/11 Balfour Road, Parnell, Auckland, 1 Bedrooms, 1 Bathrooms, Unit

Sold: $465,000

Sold on 2024 Year 2024 Month 09 Day 06

8/11 Balfour Road, Parnell, Auckland

1
1
37m2

Nestled in the prestigious Parnell suburb of Auckland, this north-facing,1-bedroom unit at 8/11 Balfour Road offers exceptional value. Constructed in 1970 with concrete walls and an iron roof, it boasts an average condition with a floor area of 37sqm. As a cross-lease property, it provides low-maintenance living with total annual outgoings under $4800. The property has seen a significant Capital Value increase of 24.49% from $490,000 in 2017 to $610,000 in 2021. The HouGarden AVM estimates it at $582,500, while the latest sales were at $465,000 in 2024 and $367,000 in 2023. Currently rented at $600 per week, it's a solid investment in a high-demand area, with easy access to amenities and the scenic Tamaki Drive. The school zones include highly-rated Auckland Grammar, Epsom Girls' Grammar, and Parnell School, all decile 9.

Updated on October 16, 2024

Council Data

Last update : 2025 01 22
Improvement value$160,000Increased by 6% from year 2017
Land value$450,000Increased by 32% from year 2017
CV(Year 2021 Month 06)$610,000Increased by 24% from year 2017
DeckYes
View typeNo appreciable view
ContourLevel
Floor area37m²
Decade of construction1970
TitleNA56D/1440
Type of titleCross-Lease
Legal descriptionFLAT 8 DP 103363, LOT 1 DP 69143 1340M2
CouncilAuckland - City
Estate descriptionFSIM,1/19,LOT 1 DEPOSITED PLAN 69143,1340m2
Council rates$2,076.54
2023/2024
ConditionExternal Walls: Average
Roof: Average
ZoningResidential - Terrace Housing and Apartment Building Zone

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Parnell School
0.59 km
Primary
1-8
Government
Co-Educational
EQI: 388
9
Auckland Grammar School
2.52 km
Secondary
9-15
Government
Single Sex-Boys
EQI: 385
9
Epsom Girls Grammar School
3.00 km
Secondary
9-15
Government
Single Sex-Girls
EQI: 397
9

Property history

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Unitary plan:Residential - Terrace Housing and Apartment Building Zone
Land:-
Title:Cross-Lease

Balfour Road Neighborhood and Surrounding Data

Suburbs

Data analysis - Parnell properties data
Sales count(Last 12 months)
5View
Type: Cross lease
Sales median price(Last 12 months)
$465,000
Low: $350,000, High: $480,000
Rent median price(Last 12 months)
$540
Low: $330, High: $690
Parnell property trend
Year
Median price
Growth
Sales count
2024
$465,000
16.3%
5
2023
$400,000
-35.4%
5
2022
$619,000
-39.3%
1
2021
$1,020,000
70%
2
2020
$600,000
-0.2%
5
2019
$601,000
-14.8%
3
2018
$705,000
-12.1%
1
2017
$802,500
-7.4%
4
2016
$866,250
99.1%
2
2015
$435,000
48.7%
2
2014
$292,500
-
2

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
1A/104A Gladstone Road, Parnell
0.11 km
3
2
0m2
Year 2024 Month 12 Day 11
$2,260,000
Council approved
2/9 Balfour Road, Parnell
0.04 km
4
2
-m2
Year 2024 Month 11 Day 25
$2,295,000
Council approved
3/22 Cleveland Road, Parnell
0.09 km
2
1
64m2
Year 2024 Month 10 Day 16
$685,000
Council approved
4/11 Balfour Road, Parnell
0.00 km
1
1
37m2
Year 2024 Month 10 Day 01
$457,500
Council approved
4/11 Balfour Road, Parnell
0.00 km
1
1
37m2
Year 2024 Month 10 Day 01
$457,500
Council approved

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