Nestled on a prime 260sqm freehold section in the esteemed Springcombe Road, this 1970s-built two-story residence with mixed materials walls and iron roof exudes potential. It features 2 generous bedrooms, a single carpark, and a floor area of 129sqm. The property, in an average condition, is set on level contour and offers panoramic harbor views from its decks. With a CV of $3,150,000 as of June 2021, the property has seen a significant increase from its last sale in 1991 at $385,000. The HouGarden AVM estimates the property's value at $3,017,500, signaling a growth opportunity in this premier location.
History shows a substantial capital value growth, reflecting a promising investment in the Auckland real estate market. The property's potential is further enhanced by the obtained land use consent for a new dwelling or two-unit titles, making it an attractive prospect for landbankers and builders.
Educationally, the property falls within a desirable school zone, enhancing its appeal for families. St Heliers beach, village, and convenient access to the CBD via bus are mere steps away, adding to the allure of this unique property in a sought-after cul-de-sac.
Updated on October 10, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.35 km | 3 | 2 | 175m2 | Year 2024 Month 12 Day 02 | - | Council approved | |
 | 0.36 km | 3 | 1 | -m2 | Year 2024 Month 11 Day 12 | $1,320,000 | Council approved | |
 | 0.34 km | 5 | 3 | 309m2 | Year 2024 Month 09 Day 26 | - | Council approved | |
 | 0.39 km | 4 | 209m2 | Year 2024 Month 09 Day 06 | $1,525,000 | Council approved | ||
 | 0.31 km | 4 | 3 | 198m2 | Year 2024 Month 08 Day 09 | - | Council approved |