Nestled in the highly sought-after North Shore locale, 5/16 Karaka Street presents a rare opportunity in the form of a recently renovated, solid brick and tile unit. This 1967-built home boasts 2 spacious double bedrooms, a full bathroom, and a separate toilet, all within a comfortable floor area of 65 square meters. The property, sitting on level contour, features a brick exterior and a tiled roof, both in good condition. It is owned under a Cross-Lease title, and the open-plan living area faces north, allowing for sunlight to flood in throughout the day. The property is perfect for first-time buyers, downsizers, and investors, being in close proximity to Takapuna and Milford shops, Smales Farm, and public transport, with easy motorway access.
As for investment potential, the capital value has seen a 30.56% increase from $720,000 in July 2017 to $940,000 as of June 2021. The HouGarden AVM estimates the property's value at $877,500. Historically, this is an entry-level opportunity in the Takapuna area with clear vendor instructions for a prompt sale.
Educationally, the property falls within the zones of esteemed schools, including Westlake Boys' and Westlake Girls' High Schools (Double Westlake), Takapuna Grammar School, Takapuna School, and Takapuna Normal Intermediate. These schools are recognized for their high decile ratings, making this property an excellent choice for families with academic aspirations.
Updated on May 06, 2024
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.20 km | 10 | 5 | 300m2 | Year 2024 Month 07 Day 11 | $3,900,000 | Council approved | |
 | 0.24 km | 5 | 3 | 0m2 | Year 2024 Month 06 Day 01 | $2,034,782 | Council approved | |
 | 0.08 km | 3 | 2 | 179m2 | Year 2024 Month 05 Day 24 | $1,260,000 | Council approved | |
 | 0.28 km | 3 | 2 | 119m2 | Year 2024 Month 05 Day 14 | $1,210,000 | Council approved | |
 | 0.12 km | 3 | 3 | -m2 | Year 2024 Month 04 Day 01 | $1,410,000 | Council approved |