Nestled in the heart of New Lynn, this charming 2-bedroom, 1-bathroom bungalow with a single carpark, built in 1940, sits on a level 495sqm of Freehold land. The home features wood exterior walls, a Fibrous Cement roof, and an average condition throughout. With a Capital Value (CV) of $910,000 as of June 2021, it has seen a growth of 22.97% since July 2017. The HouGarden AVM estimates the property at $872,500, while the latest sales were at $327,000 in 2010 and $178,000 in 1996. This residence, with its Art Deco details, is perfect for enthusiasts looking to add their personal touch. It's located in a prime area, close to LynnMall, a cinema complex, and a variety of dining options, with easy access to public transport and the CBD.
For investors and families, the property is zoned for New Lynn School (Decile 4), Blockhouse Bay Intermediate (Decile 5), and Green Bay High School (Decile 8), offering a solid educational foundation. The CV and online valuations may be ignored, as motivated vendors seek a quick sale. This is an opportunity to enter the property market in West Auckland's thriving New Lynn community at an affordable level, with the freedom to modify the property as you see fit, subject to council approval.
With a Fee Simple Title, this property presents a unique chance for buyers to transform it into their dream home. The character-filled bungalow is ready for a refresh, and the ornate ceilings, open fireplace, and polished hardwood floors are just waiting to be appreciated by a new owner.
Updated on October 22, 2024