1/21 Clonbern Road, Remuera, Auckland

Nestled in the prestigious Remuera, this 2-bedroom, 1-bathroom unit with a single carpark is a gem in the Double Grammar Zone. Constructed in 1971 with mixed materials for the walls and tiles for the roof, this well-maintained property sits on a cross-lease title. The capital value has seen a rapid increase from $720,000 in 2017 to $860,000 as of June 2021, reflecting a growth of 19.44%. The unit, part of a block of four, is not only an ideal investment but also a potential development opportunity, given the property's compliance with Healthy Homes standards and its zoning for Terraced Housing/Apartment Building development. The location is a quiet cul-de-sac, with New World and the Golden Mile of shops and cafes nearby, complemented by top schools like Auckland Grammar and Epsom Girls' Grammar, both decile 9. The HouGarden AVM estimates the property's worth at $867,500, making it an attractive prospect for investors and developers alike.

With a floor area of 56 square meters, this unit is part of a solid block that's been cared for by the same owners for over 30 years. It's a long-term tenant favorite, offering convenience and access to the best education in the area. The property's contour is easy to moderate fall, and both the walls and roof are in good condition. The Remuera Intermediate and Remuera School, with deciles of 8 and 10 respectively, are also in the vicinity.

Don't miss this rare opportunity in a prime location. The auction is set for 1pm on Thursday, 12 September, at the UP Office, 2 Dilworth Ave, Remuera, unless sold prior. This is the final week to secure the 'block of 4 units' – a must-sell opportunity!

Updated on September 12, 2024