Nestled in the heart of Penrose, Auckland, this 2-bedroom, 1-bathroom unit with a floor area of 98 square meters is a gem in the residential apartment category. Constructed in 1997 with wood exterior walls and a mixed-material roof, the property is in good condition both inside and out. It boasts a level contour and is part of a secure unit title complex. The capital value has seen a remarkable increase from $465,000 in 2017 to $830,000 as of June 2021, reflecting a growth rate of 78.5%. This is not just a home but also a sound investment.
With a HouGarden AVM of $775,000 and a history of sales at $340,000 in 2013 and $220,000 in 2004, this property presents an opportunity not to be missed. It's centrally located, with easy access to motorways, shopping, and dining in Remuera, Newmarket, and Sylvia Park. The recent addition of new carpet and the inclusion of two decks further enhance the appeal of this suntrap apartment.
For families with school-aged children, the property falls within the zones of Baradene College (decile 9), Oranga School (decile 3), and One Tree Hill College (decile 3), offering a range of educational options. Affordable, secure, and with such a promising CV growth history, this property is a catch in the central Auckland real estate market.
Updated on June 18, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.34 km | 5 | 3 | 221m2 | Year 2024 Month 12 Day 02 | - | Council approved | |
 | 0.21 km | 4 | 3 | 218m2 | Year 2024 Month 10 Day 18 | - | Council approved | |
 | 0.20 km | 3 | 1 | 71m2 | Year 2024 Month 10 Day 03 | $860,000 | Council approved | |
 | 0.17 km | 4 | 1 | -m2 | Year 2024 Month 09 Day 25 | - | Council approved | |
0.26 km | 4 | 167m2 | Year 2024 Month 08 Day 04 | $1,650,000 | Council approved |