23 Reid Road, New Lynn, Auckland - Waitakere

Nestled in a serene cul-de-sac on Reid Road, New Lynn, Auckland, this charming 3-bedroom, 1-bathroom residence with 2 car parks presents an inviting opportunity. Constructed in 1955 with iron roofing and wooden walls in good condition, the property sits on a level 650sqm freehold section. The capital value has seen a remarkable increase of 95.65% from $690,000 in 2017 to $1,350,000 as of June 2021. The HouGarden AVM estimates the property's worth at $1,104,500, while the latest sales were recorded at $900,000 in 2020 and $790,000 in 2015. This property is not just about numbers; it's about potential, strategically located in a zone that permits Terrace Housing and Apartment Building. With resource consent and engineer plan approval for a 4-lot subdivision, the stage is set for a visionary developer. Adding to its allure, the property falls within the deciles 2 and 3 for intermediate and secondary schools, including the esteemed Kelston Intermediate and Kelston Boys' and Girls' High Schools.

Updated on August 09, 2024