91 Triangle Road, Massey, Auckland - Waitakere

Nestled in a serene cul-de-sac on Triangle Road, Massey, this freehold property is a gem for investors and families alike. Constructed in 1983 with brick walls and tiled roofing, it comprises of 4 bedrooms, 2 carparks, and a generous floor area of 220sqm on a flat 1050sqm land. The property currently holds two legal two-bedroom flats, each fetching a stable rent of $510 per week, amounting to a combined annual income of $53,040. With a CV of $1,425,000 as of June 2021, it has shown a remarkable growth of 45.41% since July 2017. The HouGarden AVM estimates the property's value at $1,367,500, closely matching the latest sale price of $1,380,000 in March 2021. Moreover, being in the zone for Massey Primary (Decile 3) and Massey High School (Decile 4), educational excellence is within easy reach. This property is not just a home but a promising investment with consent granted for 9 townhouses, making it a golden opportunity in the Mixed Housing Urban Zone.

Historically, the property sold for $248,000 in 2002, highlighting a substantial appreciation over the years. The combination of a prime location, with easy access to Westgate shopping centre and motorways, along with the potential for future development, sets this property apart. It's a chance to renovate or detonate, with RC approved for 9 homes, offering a stable income while you plan for the future.

For families, the property's zoning for highly-rated schools is a significant draw. St Paul's School (Massey) is also a contributing school in the area with a Decile 4 rating. This mix of educational institutions ensures a convenient and comfortable living environment for children of all ages.

Updated on May 01, 2024