513 Remuera Road, Remuera, Auckland

Nestled at 513 Remuera Road, this freehold property is a gem in Auckland's City, boasting a spacious floor area of 257sqm and a vast land area of 651sqm. Constructed in 1953, the residence features 7 bedrooms, 4 carparks, and is adorned with wooden walls and tiled roofing, both in average condition. This iconic corner position in the Terrace Housing Zone, with its level contour, is not only accessible to public services but also presents a potential developer's delight, being the first time on the market since the 1950s.

Boasting a CV of $2,800,000 as of June 2021, the property has seen a remarkable increase of 43.59% from its $1,950,000 valuation in July 2017. The HouGarden AVM estimates the property's worth at $2,685,000, while the latest sale record dates back to February 4, 1992, at $305,000.

For families with school-aged children, the property falls within the zones of Epsom Girls' Grammar School (decile 9), Baradene College (decile 9), Remuera Intermediate (decile 8), and the highly-rated Remuera School (decile 10). This combination of prime location, potential for development, and access to top-notch education makes it an attractive opportunity for investors and families alike.

Updated on October 22, 2024