3/28 Armadale Road, Remuera, Auckland

Nestled in the heart of Remuera, Auckland, 3/28 Armadale Road presents a charming residential unit with great potential. This 1960-built home boasts two bedrooms, a single carpark, and a floor area of 103 square meters. The exterior walls, made of concrete, are in good condition, as is the iron roof. It sits on a cross-lease title and is part of a small complex of just five units. The property's Capital Value (CV) has seen a rapid increase from $880,000 in July 2017 to $1,060,000 as of June 2021, reflecting a growth rate of 20.45%. According to HouGarden AVM, the property is valued at $985,000.

With a prestigious school zone that includes Auckland Grammar, Epsom Girls' Grammar School, and Baradene College, all with a decile rating of 9, this home is an investor's dream. Remuera Intermediate and Remuera School, both with high decile ratings of 8 and 10 respectively, are within walking distance, making it an ideal location for families with children of all ages. The property's prime position, with easy access to boutiques, bistros, and cafes, adds to its appeal.

Don't miss this opportunity to own a piece of the prestigious Remuera lifestyle. With potential for renovation and a promising CV growth history, this property is not just a home but a sound investment for the future.

Updated on May 31, 2024