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8/5 Orakei Road, Remuera, Auckland, 2 Bedrooms, 1 Bathrooms, House

Sold: Sold price unknown

Sold on 2024 Year 2024 Month 02 Day 28

8/5 Orakei Road, Remuera, Auckland

2
1
59m2

Discover the charm of 8/5 Orakei Road, Remuera, Auckland - City, a delightful 2-bedroom, 1-bathroom unit with a floor area of 59m². This cross-lease property, nestled within a quiet cul-de-sac, boasts mixed materials for its walls and an iron roof, reflecting its construction era in 1971. Despite its age, both the wall and roof conditions are rated as average, and the property contour presents an easy/moderate fall, ensuring a serene living environment.

Since 2017, the capital value of this residence has seen a commendable increase from $690,000 to $850,000, marking a 23.19% growth. The HouGarden AVM estimates its value at $837,500. Reflecting on its sales history, the property was sold for $485,000 in 2013 and $290,000 in 2006, highlighting its steady appreciation over time. This property's strategic location and the added convenience of a covered carpark make it an attractive investment or living option.

Education is a priority in this locale, with the property securely positioned within the Double Grammar Zone, including Auckland Grammar, Epsom Girls' Grammar School, and Baradene College, all boasting a decile 9 rating. Additionally, Remuera Intermediate and Remuera School are nearby, with decile ratings of 8 and 10, respectively, offering excellent educational opportunities for families.

Updated on March 22, 2024.

Council Data

Last update : 2024 06 19
Improvement value$250,000Increased by 19% from year 2017
Land value$600,000Increased by 25% from year 2017
CV(Year 2021 Month 06)$850,000Increased by 23% from year 2017
DeckYes
View typeNo appreciable view
ContourEasy/Moderate Fall
Floor area59m²
Decade of construction1971
TitleNA21C/113
Type of titleCross-Lease
Legal descriptionFLAT 8 DP 66096, LOT 1 DP 65597 1330M2
CouncilAuckland - City
Estate descriptionFSIM,1/10,LOT 1 DEPOSITED PLAN 65597,1330m2
Council rates$2,528.34 2023/2024
ConditionExternal Walls: Average Roof: Average
ZoningResidential - Single House Zone

School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Remuera Intermediate
0.72 km
Secondaire
7-8
École publique
École mixte
EQI: 386
8
Remuera School
0.91 km
Primaire
1-6
École publique
École mixte
EQI: 357
10
Baradene College
1.67 km
Secondaire
7-15
École publique
École pour filles
EQI: 372
9
Epsom Girls Grammar School
2.40 km
Secondaire
9-15
École publique
École pour filles
EQI: 397
9
Auckland Grammar School
3.29 km
Secondaire
9-15
École publique
École pour garçons
EQI: 385
9

Property history

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Unitary plan:Residential - Single House Zone
Land:-
Title:Cross-Lease
Zoning
Underground
Contour
State houses
Flood zone

Suburbs

Data analysis - Remuera properties data
Remuera property trend
Year
Median price
Growth
Sales count
2023
$1,022,750
-5.3%
34
2022
$1,080,000
-16.9%
27
2021
$1,300,000
28.7%
39
2020
$1,010,000
15.4%
46
2019
$875,000
-7.4%
43
2018
$945,000
-0.5%
52
2017
$950,000
-1.1%
32
2016
$960,500
26.1%
48
2015
$761,500
13.6%
53
2014
$670,500
-
42

Mortgage

Sold nearby

Address
Distance
Bed
Bath
Floor area
Sold date
Sold
Data source
304/18 Orakei Road
0.27 km
3
3
173m2
Year 2024 Month 06 Day 13
$3,300,000
Council approved
14 Entrican Avenue
0.27 km
4
3
316m2
Year 2024 Month 05 Day 31
$6,050,000
Council approved
0.29 km
3
2
233m2
Year 2024 Month 04 Day 12
$5,500,000
Council approved
488-490 Remuera Road
0.08 km
9
7
0m2
Year 2024 Month 04 Day 01
-
Council approved
1/459 Remuera Road
0.28 km
2
1
-m2
Year 2024 Month 01 Day 01
$950,000
Council approved

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