8 Stoneyroyd Gardens, Remuera, Auckland

Located in the prestigious Remuera area, 8 Stoneyroyd Gardens is a remarkable property that boasts a blend of distinction, position, and potential. This deceased estate, nestled within a premier enclave, offers a unique opportunity for discerning buyers to either cherish as is or transform into their dream sanctuary. Constructed in the 1960s, the property features 3 bedrooms, a spacious floor area of 203m2, and sits on a generous 629m2 freehold section. The exterior is marked by concrete walls and tile roofing, with the condition of the walls being average and the roof in good condition. The property's contour is described as an easy/moderate rise, making it appealing for various landscaping or development projects.

Over the years, the capital value of this property has seen a significant increase, from $1,700,000 in July 2017 to $2,000,000 in June 2021, marking a growth of approximately 17.65%. The HouGarden AVM estimates the property's value at $1,965,000. The last sale recorded was in November 1986 for $405,000, highlighting the property's substantial appreciation over time. This growth underscores the property's investment potential, especially considering its Mixed Housing Urban zoning, which is a major advantage for land bankers or developers.

The property is ideally located within the school zones of Meadowbank School (decile 10), Remuera Intermediate (decile 8), Baradene College (decile 9), Selwyn College (decile 4), and Glendowie College (decile 10), offering excellent educational opportunities. The proximity to Upland Village shops, Remuera Village boutiques, Newmarket highlife, local cafes, Eastern beaches, and quick motorway access further enhances the lifestyle appeal of this property. This home, last on the market in 1986, now presents a rare opportunity due to the finality of circumstances, with the vendors eager for a sale and flexible on terms.