Nestled in the serene cul-de-sac of Serrata Place, Browns Bay, this freehold property boasts a charming residentialdwelling built in 1980 with solid brick walls and tiled roof. Offering 3 bedrooms, 220sqm of floor area, and a spacious 743sqm section, it includes a large deck, an original bathroom, and a double carport. The property has seen a CV increase of 16.28% from $1,290,000 in 2017 to $1,500,000 as of June 2021, with HouGarden AVM valuing it at $1,465,000. Notably, the latest sale history includes a significant jump from $220,000 in 1992 to $635,000 in 2009. It falls within a top school zone, including Rangitoto College and Murrays Bay Intermediate, both decile 10. This is an ideal investment for families and developers alike, presenting a golden opportunity to add personal touches and increase value in a prime location.
With a capital value growth rate that speaks volumes about its investment potential, this property is a gem in the highly sought-after Rangi Zone. The quiet neighborhood and easy/moderate rise contour enhance the appeal, making it a perfect blend of comfort and convenience. The well-maintained property is ready for its new owners to modernize and add their own flair, while the generous land size holds promise for future development.
Education takes center stage with the property's proximity to esteemed schools such as Northcross Intermediate and Pinehill School (Browns Bay), both also decile 10. This ensures a quality education for children within a family-friendly environment. The combination of a strong CV, promising investment outlook, and an excellent school network makes this property an attractive prospect for both family living and property development.
Updated on August 06, 2024