Nestled in the serene cul-de-sac of Walker Road, this freehold property boasts a charming 2-bedroom, 1-bathroom 1940s home with a floor area of 76 sqm and a land area of 308 sqm. The residence features well-maintained brick walls and a tile roof, both in good condition. With a CV of $1,280,000 as of June 2021, the property has seen a substantial increase in value. The HouGarden AVM estimates it at $1,004,500, making it a sound investment. The site is north-facing with stunning views and has the potential for a dream sanctuary, with architectural plans ready for review.
History shows a promising trend, with a notable percentage increase in the capital value over the years. The property's recent sale history and the AVM reflect a property on the rise. The gross rental yield is approximately 4%, making it an attractive option for investors. The property is located in a sought-after school zone, with Pasadena Intermediate and Pt Chevalier School boasting deciles of 8 and 10 respectively, while Western Springs College has a decile of 8, ensuring quality education for the family.
Enjoy the benefits of a prime location, with easy access to cafes, parks, the coastal trail, and the nearby Pt Chevalier beach. The property is also conveniently close to Ponsonby, Grey Lynn, Westmere, the CBD, Westfield St Lukes, Western Springs Park, and Herne Bay. This is indeed the best value freehold property in Pt Chevalier.
Updated on August 28, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.23 km | 2 | 105m2 | Year 2024 Month 10 Day 18 | $1,815,000 | Council approved | ||
 | 0.22 km | 3 | 2 | -m2 | Year 2024 Month 08 Day 28 | - | Council approved | |
 | 0.28 km | 4 | 3 | -m2 | Year 2024 Month 07 Day 22 | - | Council approved | |
 | 0.07 km | 5 | 2 | -m2 | Year 2024 Month 07 Day 01 | $2,450,000 | Council approved | |
 | 0.13 km | 4 | 2 | 234m2 | Year 2024 Month 06 Day 26 | $3,200,000 | Council approved |