Welcome to 27 Formby Avenue, Point Chevalier - Your Charming 1920's Bungalow Awaits! Nestled in the heart of the sought-after Point Chevalier neighborhood, this delightful property at 27 Formby Avenue invites you to step into the timeless allure of a 1920's character bungalow. Boasting a generous north-facing 731m2 freehold section, this residence offers endless possibilities for those seeking a perfect blend of classic charm and modern potential. Some buyers have asked if the tree in the back garden is protected, it is not therefore can be removed if required. Key Features: • Charming Character Bungalow: Immerse yourself in the vintage charm of a bygone era with this tidy 1920's bungalow that exudes character and warmth. • Spacious Freehold Section: Enjoy the sprawling 731m2 north-facing section, providing a blank canvas for your dream garden or potential future extensions. • 3 Bedrooms, 1 Bathroom: plenty of room for an ensuite and walk in wardrobe. • So many Options: Redecorate, Renovate, Extend, or Develop: Whether you're inclined towards redecoration, renovation, extension, or even development, this property offers the flexibility to bring your creative ideas to life. • Sought after street: Set against the backdrop of a picturesque street adorned with charming bungalows • Handy Location: Enjoy the convenience of proximity to cafes and parks, transport and schools. • Close to Westmere, Grey Lynn & Ponsonby: Explore the vibrant surrounding neighborhoods, each offering its own unique character, dining experiences, and community vibes.
From its initial government valuation of $1,625,000 in 2017 to a staggering $2,825,000 in 2021, this property has seen an impressive capital value increase of approximately 73.85%. The latest HouGarden AVM estimates the property's value at $2,024,500. The property last changed hands in 1991 for $166,000, highlighting its significant appreciation over the years. This rapid growth in value underscores the property's potential as a wise investment in Auckland's competitive real estate market.
Located within the zones of highly regarded schools, this property offers exceptional educational opportunities. Pt Chevalier School, with a decile rating of 10, Pasadena Intermediate (decile 8), and Western Springs College (decile 8) are all within proximity, ensuring a top-tier education for residents. The blend of historical charm, modern potential, and educational excellence makes 27 Formby Avenue a highly desirable address for families and investors alike.
Updated on March 22, 2024.
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $1,625,000 | -23.6% | 29 |
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 | |
|---|---|---|---|---|---|---|---|---|
 | 0.27 km | 2 | 1 | -m2 | 2024年04月24日 | $1,785,000 | Council approved | |
 | 0.07 km | 2 | 2 | -m2 | 2024年04月18日 | $1,280,000 | Council approved | |
 | 0.22 km | 4 | 2 | 152m2 | 2024年02月29日 | $1,945,000 | Council approved | |
0.06 km | 2 | 1 | 76m2 | 2024年01月19日 | $1,280,000 | Council approved | ||
 | 0.28 km | 3 | 1 | -m2 | 2023年12月19日 | $1,810,000 | Council approved |