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2/42 Orakei Road, Remuera, Auckland, 3 Bedrooms, 2 Bathrooms, Townhouse

Sold: $1,435,000

Sold on 2024 Year 2024 Month 12 Day 10

2/42 Orakei Road, Remuera, Auckland

3
2
111m2

Nestled on the prestigious northern slopes of Remuera, this mid-1970s concrete-and-cedar residence boasts 3 bedrooms, 2 bathrooms, and 2 car parks. The 111sqm floor area is complemented by a well-maintained wood exterior and tiled roof, sitting on a cross-lease title. The property has shown a Capital Value (CV) increase of 7.94% from $1,575,000 in 2017 to $1,700,000 as of June 2021. The HouGarden AVM estimates the property's value at $1,552,500, while the latest sales were recorded at $1,110,000 in 2014 and $620,000 in 2010.

With a CV growth rate that outpaces the market average, this home's value is on the rise. It is set on a property with an easy/moderate fall contour, enjoying good wall and roof conditions, enhancing its long-term investment potential.

For families, the property falls within the catchment area of top-rated schools, including Auckland Grammar, Epsom Girls' Grammar School, Baradene College, Remuera Intermediate, and Remuera School, all boasting high decile ratings. This combination of quality education and a prime location makes it an attractive opportunity for those seeking a sound investment in a desirable Auckland suburb.

Updated on December 13, 2024

Council Data

Last update : 2024 12 11
Improvement value$200,000Increased by 60% from year 2017
Land value$1,500,000Increased by 3% from year 2017
CV(Year 2021 Month 06)$1,700,000Increased by 7% from year 2017
DeckYes
View typeNo appreciable view
ContourEasy/Moderate Fall
Floor area111m²
Decade of construction1974
TitleNA30C/914
Type of titleCross-Lease
Legal descriptionFLAT 2 DP 74775
CouncilAuckland - City
Estate descriptionFSIM,1/4,FLAT 2 DEPOSITED PLAN 74775
Council rates$4,128.41
2023/2024
ConditionExternal Walls: Good
Roof: Good
ZoningResidential - Single House Zone

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Remuera Intermediate
1.02 km
Secondary
7-8
Government
Co-Educational
EQI: 386
8
Remuera School
1.02 km
Primary
1-6
Government
Co-Educational
EQI: 357
10
Baradene College
1.37 km
Secondary
7-15
Government
Single Sex-Girls
EQI: 372
9
Epsom Girls Grammar School
2.40 km
Secondary
9-15
Government
Single Sex-Girls
EQI: 397
9
Auckland Grammar School
3.22 km
Secondary
9-15
Government
Single Sex-Boys
EQI: 385
9

Property history

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For developers

Unitary plan:Residential - Single House Zone
Land:-
Title:Cross-Lease

Surrounding facilities

Orakei Road Neighborhood and Surrounding Data

Suburbs

Data analysis - Remuera properties data
Remuera property trend
Year
Median price
Growth
Sales count
2024
$1,525,000
8.9%
55
2023
$1,400,000
-7.8%
51
2022
$1,518,000
-8.6%
57
2021
$1,660,000
18.6%
67
2020
$1,400,000
18.5%
61
2019
$1,181,250
-12.5%
60
2018
$1,350,000
-
81
2017
$1,350,000
3.3%
70
2016
$1,307,500
11.4%
76
2015
$1,174,000
21.6%
82
2014
$965,500
-
62

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
17 & 21 Waiata Avenue, Remuera
0.30 km
4
4
-m2
Year 2024 Month 11 Day 26
-
Council approved
5 Tiki Street, Remuera
0.31 km
3
2
171m2
Year 2024 Month 10 Day 02
$2,250,000
Council approved
458A Remuera Road, Remuera
0.20 km
3
2
211m2
Year 2024 Month 09 Day 25
$2,700,000
Council approved
5/456 Remuera Road, Remuera
0.30 km
3
2
219m2
Year 2024 Month 06 Day 19
-
Council approved
5/456 Remuera Road, Remuera
0.24 km
3
3
219m2
Year 2024 Month 06 Day 19
$2,900,000
Council approved

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