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.
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $1,010,000 | -6.5% | 33 |
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 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
0.08 km | 2 | 168m2 | 2024年03月08日 | $3,600,000 | Council approved | |||
0.37 km | 2 | 115m2 | 2024年01月07日 | $950,000 | Council approved | |||
0.25 km | 4 | 246m2 | 2023年12月14日 | $2,550,000 | Council approved | |||
 | 0.28 km | 4 | 3 | 244m2 | 2023年11月21日 | $3,030,000 | Council approved | |
0.12 km | 3 | 171m2 | 2023年11月15日 | $2,938,000 | Council approved |