1/778 New North Road, Mount Albert, Auckland

Nestled in the heart of Mt. Albert, this residential gem at 1/778 New North Road offers a prime opportunity on a cross-lease title. The 1970-built home boasts 4 bedrooms, 1 bathroom, and a generous floor area of 131 square meters. The mixed-material exterior walls and tiled roof are both in average condition, while the property's contour is level. Notably, the capital value has seen a significant increase from $820,000 in 2017 to $980,000 as of June 2021, reflecting a growth rate of 19.5%. The property is valued at $970,000 according to HouGarden AVM, and the latest sale was recorded in 2013 at $470,500.

With a CV increase that outpaces the market average, this property is not just a home but a sound investment. The quiet cul-de-sac location provides privacy and convenience, with public transport at your doorstep and Westfield St Luke's a mere 10-minute walk away. The school network is impressive, with Gladstone School (Decile 9), Mt Albert School (Decile 6), Mt Albert Grammar School (Year 9-15, Decile 7), and Kowhai Intermediate School (Decile 7) all within reach.

Whether you're looking for a family home or a wise investment, this property offers the best of both worlds. The spacious layout, potential for further improvement, and a location that can't be beaten make it a must-consider for any discerning buyer.

Updated on November 06, 2024