Nestled in the tranquility of Arkles Bay, this vacant residential property at 3 Herman Street offers a serene escape with immense potential. Situated on a freehold lot of 814 square meters, it boasts an undefined roof and wall construction, ready for your creative touch. The property's capital value has seen a remarkable increase from $700,000 in 2017 to $950,000 as of 2021, reflecting a growth rate of 35.71%. This level plot, with its proximity to the beach and boat ramp, invites you to craft your ideal beachside haven.
With a HouGarden AVM valuation of $927,500 and a recent sale in 2018 for $920,000, the value of this blank canvas is clear. The property falls within the catchment area of Whangaparaoa College and Whangaparaoa School, both boasting a decile rating of 9, ensuring top-notch education for the family. Here, you're not just purchasing a piece of land; you're investing in a lifestyle where every day feels like a vacation.
Be it the peaceful ambiance, the potential for value growth, or the excellent school network, this property is a rare find. It's your chance to transform this level and sunny section into a coastal retreat, where the soothing sound of waves will be the perfect backdrop to the home you've always envisioned.
Updated on August 20, 2024