52 Taramea Street, Avondale, Auckland

Nestled at 52 Taramea Street, a quiet cul-de-sac in Avondale, Auckland, this residential vacant land with a freehold title offers immense potential for developers and land bankers. The 101sqm floor area sits on a flat, level 857sqm site, with a brick exterior and tile roofing from the 1950s era, both in average condition. The property, zoned for Mixed Housing Urban, has seen a Capital Value (CV) surge of 112.12% from $825,000 in 2017 to $1,750,000 as of June 2021. HouGarden AVM estimates the property's worth at $1,675,000, while the latest sales history shows a significant increase from $191,500 in 1998 to $292,000 in 2003.

With a promising CV growth trajectory, this property presents a golden opportunity for investors. It's strategically located within the catchment area of Rosebank School (Decile 2), Avondale Intermediate (Decile 2), and Avondale College (Decile 4), making it an ideal family residence. The site is ripe for transformation, either through renovation or rebuilding, and is conveniently situated close to local amenities, motorways, and the renowned Avondale Sunday markets.

Educationally endowed, the property is in a sought-after school zone, ensuring quality education for the family. This is not just a piece of land; it's an invitation to craft your own legacy in a thriving community.

Updated on November 01, 2024