Nestled in the prestigious cul-de-sac of Richard Farrell Avenue, Remuera, Auckland, this freehold property offers a life of convenience and potential. The 3-bedroom, 2-carpark home, built in 1965 with mixed materials and a tiled roof, sits on a steeply elevated 1168sqm section with a fair condition both inside and out. The property's Capital Value (CV) has seen a growth of 22.67% from $1,875,000 in 2017 to $2,300,000 as of June 2021. The HouGarden AVM estimates it at $2,245,000, while the latest sale in 2015 was for $1,500,000, indicating a significant appreciation over the years.
With a CV increase that outpaces the market and a prime location, this property is not just a home but an investment. The spacious interior and large backyard provide a blank canvas for renovation or the opportunity to build your dream home. The property falls within the catchment areas of Remuera School (decile 10), Remuera Intermediate (decile 8), and Selwyn College (decile 4), ensuring top-notch education for your children.
Whether you seek a do-up project, development potential, or the chance to build your family's dream home, this property in a sought-after school zone is a rare find. It's a short drive to Greenlane motorway interchange, Newmarket, and the CBD, making it an ideal blend of comfort, convenience, and future prospects.
Updated on August 19, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.10 km | 5 | 2 | 264m2 | Year 2024 Month 11 Day 13 | - | Council approved | |
 | 0.10 km | 4 | 1 | -m2 | Year 2024 Month 10 Day 16 | $1,825,000 | Council approved | |
 | 0.30 km | 3 | 2 | 145m2 | Year 2024 Month 10 Day 08 | - | Council approved | |
 | 0.12 km | 1 | 1 | -m2 | Year 2024 Month 09 Day 01 | - | Council approved | |
 | 0.14 km | 4 | 1 | -m2 | Year 2024 Month 07 Day 01 | $1,040,000 | Council approved |