Nestled in the heart of Point Chevalier on 16a Formby Avenue, this freehold residence is a charming brick and cedar home, built in theJ 1980s with a floor area of 216 square meters and boasting 4 bedrooms, 2 carparks, and a study. The property features a well-maintained brick exterior, a tiled roof in good condition, and a level contour, all set on a quiet cul-de-sac. It's a perfect blend of sought-after ingredients, ready for a value-adding transformation.
Since 2017, the capital value has seen a significant increase of 43.86%, from $1,425,000 to the current $2,050,000. The HouGarden AVM estimates the property at $1,965,000, while the recent sales history suggests a promising investment opportunity.
For families with children, the property falls within the zones of highly-rated schools, including Pasadena Intermediate (Decile 8), Pt Chevalier School (Decile 10), and Western Springs College (Decile 8), ensuring access to quality education.
Updated on April 30, 2024
Name | Distance | Type | Year | Attribute | Gender | Score | Decile | |
|---|---|---|---|---|---|---|---|---|
Point Chevalier School Rangi-mata-rau | 0.70 km | Primary | 1-6 | Government | Co-Educational | EQI: 362 | 10 | |
Pasadena Intermediate | 1.07 km | Secondary | 7-8 | Government | Co-Educational | EQI: 416 | 8 | |
Western Springs College-Ngā Puna o Waiōrea | 1.16 km | Secondary | 9-15 | Government | Co-Educational | EQI: 416 | 8 |
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $1,672,500 | -21.4% | 30 |
2022 | $2,127,500 | -9.5% | 30 |
2021 | $2,351,250 | 31.4% | 48 |
2020 | $1,790,000 | 18.5% | 46 |
2019 | $1,510,000 | -2.9% | 45 |
2018 | $1,555,000 | -2.8% | 48 |
2017 | $1,600,000 | 8.8% | 31 |
2016 | $1,470,000 | 17.4% | 40 |
2015 | $1,252,500 | 7.9% | 34 |
2014 | $1,161,000 | - | 29 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.11 km | 2 | 2 | -m2 | Year 2024 Month 04 Day 18 | $1,280,000 | Council approved | |
 | 0.14 km | 4 | 2 | 152m2 | Year 2024 Month 02 Day 29 | $1,945,000 | Council approved | |
 | 0.12 km | 2 | 1 | 61m2 | Year 2024 Month 02 Day 29 | $855,000 | Council approved | |
 | 0.22 km | 3 | 1 | 131m2 | Year 2024 Month 02 Day 23 | $1,775,000 | Council approved | |
0.12 km | 2 | 1 | 76m2 | Year 2024 Month 01 Day 19 | $1,280,000 | Council approved |