Nestled in the tranquility of a quiet cul-de-sac on Wharehine Road, Port Albert, Auckland - Rodney, this freehold property is a gem waiting to be polished. With a current Capital Value (CV) of $900,000 as of June 2021, it has shown a steady growth of 9.76% since July 2017. The 1-bedroom home sits on a sprawling 1.8ha of land with over 1ha of poly houses, once used for hothouse produce. The property, though needing some TLC, offers a rewarding opportunity for those willing to invest their time and effort. The roof and walls are of unknown construction and condition, but the potential is undeniable. The property's allure is further enhanced by the stunning views of the Kaipara it offers from its elevated position.
History shows the property was sold for $852,250 in November 2020 and $930,000 in March 2018, with the HouGarden AVM estimating its value at $862,500. This indicates a market where value can be added and appreciated. The latest CV increase reflects a promising investment trend in this horticulture-grazing category.
For families, the property falls within the zones of Rodney College (Secondary, Decile 4) and Wellsford School (Full Primary, Decile 3), ensuring quality education is within reach. This property is perfect for those seeking a combination of rural lifestyle and educational opportunities.
Updated on April 22, 2024
Year | Median price | Growth | Sales count |
|---|---|---|---|
2019 | $250,000 | -73.1% | 1 |
2018 | $930,000 | 118.8% | 1 |
2017 | $425,000 | 162.3% | 1 |
2015 | $162,000 | - | 1 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 4.31 km | 3 | 1 | 91m2 | Year 2024 Month 04 Day 24 | $750,000 | Council approved | |
 | 5.83 km | 3 | 1 | 123m2 | Year 2024 Month 02 Day 08 | $1,000,000 | Council approved | |
 | 0.63 km | 4 | 1 | 105m2 | Year 2024 Month 01 Day 24 | $985,000 | Council approved | |
 | 1.30 km | 3 | 1 | 75m2 | Year 2024 Month 01 Day 17 | $500,000 | Council approved | |
 | 8.89 km | 4 | 2 | 127m2 | Year 2024 Month 01 Day 16 | $950,000 | Council approved |