9 Patey Street, Epsom, Auckland

This property at 9 Patey Street, Epsom, Auckland - City, is a prime development opportunity on a 691m2 corner site. It features 3 bedrooms, 1 bathroom, and 1 carpark, with a floor area of 153m2. The freehold property, built in 1920, has wood wall construction and an iron roof, both in fair condition. The land has an easy/moderate fall contour, classified under 'Residential - Vacant land multiple housing'.

From a valuation perspective, the capital value has seen a significant increase from $2,050,000 in July 2017 to $3,850,000 in June 2021, marking an 87.8% growth. The latest HouGarden AVM estimates the property's value at $3,690,000. It last sold for $2,950,000 in January 2024, matching its previous sale price in April 2023. The property comes with resource consent for 24 apartments, concept plans for 9 terraced houses, or 4 stand-alone homes, offering various development options with high potential returns.

Located in a prestigious school zone, the property is zoned for Auckland Grammar, Epsom Girls' Grammar School, Baradene College, Remuera Intermediate, Remuera School, and Cornwall Park District School, all highly rated for their educational quality. This location is also convenient for access to Market Road Train Station, the Motorway, supermarkets, and cafes, and is within walking distance to quality private schools like St Cuthbert's College, King's Primary, and Diocesan School.

Updated on April 05, 2024.