Nestled on a generous 1,646 sqm freehold section in the coveted mixed housing zone of Blockhouse Bay, Auckland, this property presents a unique opportunity with not one, but two residential spaces. The main dwelling, built in 1960 with brick walls and an iron roof in average condition, offers 3 bedrooms and 1 bathroom. The additional private space adjacent to the main house is perfect for extended family or guests. With a current Capital Value (CV) of $1,650,000, this property has seen a 25% increase since 2017, reflecting its growing value. The HouGarden AVM estimates the property at $1,510,000, while the latest sales history shows a significant jump from $344,000 in 2006 to $800,000 in 2013.
For families with school-aged children, the property falls within the zones of Glenavon School, a Full Primary with a decile rating of 1, and Lynfield College, a Secondary school with a decile rating of 6. This combination of location and potential makes it an ideal choice for extended families and investors alike. The owners are highly motivated to sell, presenting a rare chance to secure a property with immense potential for dual living, investment, or development (subject to council consent).
With the possibility of generating extra income, providing independent living, or exploring the development potential on this large section, the opportunities are endless. Act now to avoid missing out on this versatile property that's sure to attract keen interest in the tight 2.5-week campaign.
Updated on December 18, 2024