Nestled in the bustling Somerville Shopping complex, this 78sqm freehold property, with its 1993 construction, boasts of good wall and roof conditions, mixed materials for the exterior, and a tile roof. It offers a single bathroom, four carparks, and is governed by a Unit Title. The property, located at 18/119 Meadowland Drive, Somerville, Auckland, is a retail space with immense potential, strategically positioned close to major amenities and attractions in East Auckland.
As per the valuation records, the Capital Value (CV) has seen a growth of 16.67% from $540,000 in July 2017 to $630,000 in June 2021. The HouGarden AVM estimates the property at $632,500, while the latest sale was recorded at $620,000 in July 2024, a significant increase from the $160,000 sale in November 2001. This commercial space is a golden opportunity for investors and business owners.
For families, the property falls within the zones of top-rated schools such as Cockle Bay School and Star of the Sea School, both contributing schools with deciles of 10 and 9 respectively. Additionally, Howick College, Somerville Intermediate School, and Sancta Maria College, all reputable educational institutions, are in close proximity, ensuring a high standard of education for the children.
Updated on September 18, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.21 km | 4 | 3 | 210m2 | Year 2024 Month 12 Day 11 | $1,360,000 | Council approved | |
 | 0.13 km | 3 | 2 | 160m2 | Year 2024 Month 11 Day 26 | - | Council approved | |
 | 0.21 km | 4 | 193m2 | Year 2024 Month 11 Day 14 | $1,230,000 | Council approved | ||
 | 0.13 km | 3 | 1 | 110m2 | Year 2024 Month 10 Day 01 | - | Council approved | |
 | 0.18 km | 4 | 3 | 230m2 | Year 2024 Month 10 Day 01 | $1,600,500 | Council approved |