Located at 2/50 Turama Road, Royal Oak, Auckland - City, this residential ownership home unit is a prime example of quality and convenience combined. Boasting 2 bedrooms, 1 bathroom, and a floor area of approximately 100sqm, this property is perfect for those seeking a comfortable living space. Constructed in 1966, the unit features brick walls in good condition and a tile roof in average condition, ensuring durability and low maintenance. The property is on a level contour and comes with a Cross-Lease ownership type, making it an attractive option for a wide range of buyers.
The property has seen a significant increase in capital value, from $750,000 in July 2017 to $1,125,000 in June 2021, marking a 50% increase. The latest sale in March 2022 was at $1,200,000, demonstrating the property's strong market demand. The HouGarden AVM estimates the property's value at $1,107,500, indicating its potential for further growth. This unit's appeal is further enhanced by its proximity to Cornwall Park, offering a superb location that combines convenience with the tranquility of nature.
Situated within excellent school zones, this property is zoned for Royal Oak School (decile 8), Royal Oak Intermediate School (decile 2), Onehunga High School (decile 3), and Baradene College (decile 9). These schools offer a range of educational opportunities, making it an ideal choice for families. The property's strategic location and the quality of local schooling options underscore its potential as a wise investment for both families and investors alike.
Updated on March 22, 2024.
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $823,000 | -1.1% | 10 |
2022 | $832,000 | -17.7% | 10 |
2021 | $1,011,250 | 23.3% | 16 |
2020 | $820,000 | 10.1% | 17 |
2019 | $744,500 | -1.3% | 26 |
2018 | $754,000 | -8.2% | 42 |
2017 | $821,000 | 5.3% | 26 |
2016 | $780,000 | 15.1% | 25 |
2015 | $677,500 | 16.3% | 28 |
2014 | $582,500 | - | 18 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.05 km | 2 | 1 | 140m2 | 2024年04月26日 | $950,000 | Council approved | |
 | 0.14 km | 2 | 1 | 96m2 | 2024年03月22日 | $845,000 | Council approved | |
 | 0.30 km | 3 | 2 | 177m2 | 2024年03月20日 | $840,000 | Council approved | |
0.30 km | 3 | 1 | 96m2 | 2024年01月16日 | $1,340,000 | Council approved | ||
 | 0.04 km | 5 | 3 | 0m2 | 2023年12月06日 | $1,900,000 | Council approved |