18 Savoy Road, Glen Eden, Auckland - Waitakere

Located at 18 Savoy Road, Glen Eden, Auckland - Waitakere, this residential dwelling is the epitome of potential for the savvy investor or first home buyer with a knack for renovation. The property boasts 1 bedroom, 1 bathroom, and 1 carpark, spread over a floor area of 50sqm and a more generous land area of 451sqm. Constructed in the 1950s, the house features wood walls and an iron roof, both in average condition, and sits on a steeply falling contour. It's a freehold property, offering the full suite of ownership rights.

Since 2017, the capital value has surged from $505,000 to $730,000 as of June 2021, marking a significant 44.55% increase. The latest HouGarden AVM estimates its value at $720,000. Historical sales data reveals a steady appreciation, with sales in 2005 and 2010 at $156,000 and $236,000, respectively. This property's value trajectory underscores its investment appeal, especially considering its prime location in a mixed housing urban zone, offering numerous development opportunities.

The property falls within the zones for several schools, including Kelston Intermediate (decile 2), Kelston Boys' High School (decile 3), Glen Eden School (decile 3), Kelston Girls' College (decile 2), and Glen Eden Intermediate (decile 7). These educational institutions provide a range of options for families, contributing to the property's desirability.

Updated on March 21, 2024.