This unique property located at 355 Whangaparaoa Road, Stanmore Bay, Auckland - Rodney, offers a golden opportunity for developers, investors, and land bankers. With 2 bedrooms, a floor area of 104sqm, and a substantial land area of 943sqm, this freehold property is a fixer-upper with immense potential. The dwelling, constructed in the 1970s with fibrous cement walls and an iron roof, is in good condition. It sits on an easy/moderate fall contour, making it an ideal candidate for development.
Since 2017, the capital value of this property has seen a significant increase from $620,000 to $875,000 in 2021, marking a 41.13% growth. The HouGarden AVM estimates its value at $837,500. This deceased estate is conveniently located a short drive from Silverdale Mall and Red Beach, presenting a real opportunity to capitalize on its development potential.
Located within excellent school zones, this property is zoned for Red Beach School (decile 9), Stanmore Bay School (decile 8), and Whangaparaoa College (decile 9), offering top-tier educational opportunities. This is a not-to-be-missed venture for those looking to invest in a property with significant development potential and strong school zoning.
Updated on April 05, 2024.
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $867,500 | -4.4% | 16 |
2022 | $907,500 | 0.7% | 10 |
2021 | $901,000 | 31.1% | 25 |
2020 | $687,500 | 9.6% | 48 |
2019 | $627,500 | -5.9% | 26 |
2018 | $666,885 | -4.3% | 12 |
2017 | $697,000 | -1.6% | 19 |
2016 | $708,000 | 14.2% | 13 |
2015 | $620,000 | 24.2% | 25 |
2014 | $499,000 | - | 11 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.52 km | 3 | 2 | -m2 | 2024年04月24日 | $1,120,000 | Council approved | |
 | 0.19 km | 2 | 1 | 70m2 | 2024年03月28日 | $710,000 | Council approved | |
 | 0.10 km | 2 | 1 | 70m2 | 2023年12月18日 | $700,000 | Council approved | |
 | 0.16 km | 4 | 2 | -m2 | 2023年11月30日 | $1,050,000 | Council approved | |
 | 0.28 km | 3 | 2 | 180m2 | 2023年11月16日 | $1,050,000 | Council approved |