53 Walmer Road, Point Chevalier, Auckland

Nestled in the esteemed Point Chevalier, 53 Walmer Road stands as a charming bungalow on a freehold site, built in 1928 with wood walls and an iron roof. This residential property with a floor area of 156m² and land area of 671m² boasts 5 bedrooms, 2 carparks, and is in an average condition both inside and out. The property's capital value has seen a rapid increase from $1,600,000 in 2017 to $2,300,000 as of June 2021, reflecting a growth rate of 43.75%. It's a perfect blend of classic character and modern investment potential.

With a HouGarden AVM of $2,140,000 and a history of sales - the last being in 2000 for $110,000, following a previous sale in 1996 for $120,000 - this property presents a lucrative opportunity. It's situated in a level contour, with a quiet cul-de-sac adding to the appeal of this income-generating prospect.

For families, the school network is a significant draw. Pasadena Intermediate and Western Springs College, both with a decile rating of 8, are in close proximity. Pt Chevalier School, a contributing primary with a decile rating of 10, completes the esteemed educational triangle. This property not only promises a sound investment but also a bright future for the family.

Updated on May 17, 2024