17 Fernleigh Avenue, Waiuku, Auckland - Franklin

Located at 17 Fernleigh Avenue, Waiuku, Auckland - Franklin, this residential dwelling boasts 4 bedrooms, 1 bathroom, and a spacious floor area of 142 square meters on a 675 square meter freehold land. Constructed in 1972 with concrete walls and an iron roof, both in average condition, the property features a level contour, highlighting its solid build and potential for renovation. Despite lacking carpark facilities, its large double garage compensates, offering ample storage and utility space.

From an investment perspective, the property has shown significant growth, with its capital value increasing from $520,000 in July 2017 to $670,000 in June 2021, marking a 28.85% rise. The latest HouGarden AVM estimates its value at $640,000. Historical sales data reveals a steady appreciation, with sales in December 2014 and March 2007 recorded at $305,000 and $243,500, respectively. This trajectory underscores the property's high ROI potential and its appeal to investors and first-time buyers alike.

In terms of educational opportunities, the property falls within the zone for Waiuku College, a secondary school catering to years 9-15 with a decile rating of 6. This proximity to reputable educational institutions adds to the property's desirability for families and underscores its potential as a long-term investment.

Updated on April 06, 2024.