Nestled on a 1305m2 site at 38 Ocean View Crescent, Rakino Island, this freehold property is a charming west-facing bach with iron roofing and wooden exterior walls, built in 1980. It boasts an average condition throughout and is set on a site with an easy to moderate fall. The layout includes 3 bedrooms, 1 bathroom, and a versatile dining area that can serve as a fourth bedroom, perfect for hosting extended stays. The living space enjoys a spacious setup with indoor-outdoor flow through ranch sliders to a wrap-around deck, offering panoramic sea views of the Rakino Channel and beyond to Rangitoto, Motutapu, and the North Shore to Whangaparaoa.
With a current Capital Value (CV) of $450,000 as of June 2021, this property has shown a 50% increase since July 2017. The HouGarden AVM estimates the value at $437,500, and the latest sale history includes transactions in 2006 and 1997, indicating a significant appreciation over time. This bach, only a 20-minute walk from the local wharf and beaches, and a 35-minute drive from Auckland CBD, presents an exceptional opportunity for investors and families alike.
For families with children, the property falls within a desirable school zone with high decile ratings. The convenient access to quality education is a significant highlight of this property, ensuring a sound investment in your family's future.
Updated on July 18, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.91 km | 1 | 1 | 70m2 | Year 2024 Month 12 Day 19 | $1,500,000 | Council approved | |
 | 8.26 km | 3 | 2 | -m2 | Year 2024 Month 11 Day 16 | $3,200,000 | Council approved | |
 | 0.44 km | -m2 | Year 2024 Month 09 Day 16 | $250,000 | Council approved | |||
 | 0.70 km | 3 | 1 | 113m2 | Year 2024 Month 09 Day 03 | $1,900,000 | Council approved | |
 | 8.45 km | 3 | 2 | -m2 | Year 2024 Month 09 Day 01 | $1,250,000 | Council approved |