78 Linwood Avenue, Mount Albert, Auckland

Nestled in the prime location of 78 Linwood Avenue, Mount Albert, Auckland, this freehold property is a residential dwelling with a generous floor area of 243 square meters and a land area of 400 square meters. Constructed in 1960 with wood walls and an iron roof, both in average condition, the two-level home boasts six bedrooms, one bathroom, and three carparks. The property, with a contour of easy to moderate fall, is not only a 'monster cash cow' opportunity as described by the vendor but also a potential haven for large or extended families, with separate areas suitable for elderly parents or teenagers.

As per the valuation records, the capital value has seen a significant increase from $1,220,000 in July 2017 to $1,675,000 as of June 2021, indicating a growth rate of 37.30%. The HouGarden AVM estimates the property's value at $1,557,500, while the latest sale was recorded in August 2008 for $608,000. This property's value is further enhanced by its location within the catchment area of well-regarded schools.

For families with school-aged children, the property falls within the zones of Pasadena Intermediate (Decile 8), Gladstone School (Decile 9), Mt Albert Grammar School (Decile 7), and Kowhai Intermediate School (Decile 7). These educational institutions are among the best in the region, making this property an even more attractive investment for those seeking a quality education for their children.

Updated on June 07, 2024