38 Don Croot Street, Morningside, Auckland

Nestled in the serene Don Croot Street, a blue chip concrete block construction awaits your attention. This impressive property boasts 8 bedrooms, with 4 spacious 2-bedroom units, each thoughtfully accompanied by covered parking. Sitting on a generous freehold land of 741m2, the building spans 250m2. The roof, tiled to perfection, and the concrete walls present an average condition, reflecting the sturdy build of the 1970s era. With a CV of $2,150,000 as of June 2021, this represents a 28.36% increase from the $1,675,000 valuation in July 2017. The property is steeped in a contour that adds to its charm.

History shows a latest sale in 1994 for $248,000, while the HouGarden AVM currently estimates the property at $2,000,000. This investment offers excellent rental returns, amounting to $116,480 per annum. The location is prime, with convenient motorway links and the vibrant Kingsland Village nearby, complete with bars, cafes, and Eden Park, not to forget the accessible train station.

For families, the school network is a significant draw. Within reach are Pasadena Intermediate and Western Springs College, both decile 8, Mt Albert School (decile 6), Mt Albert Grammar School (decile 7), Kowhai Intermediate School (decile 7), and Auckland Girls' Grammar School (decile 3), catering to various educational needs.

Updated on May 08, 2024