9 Galatea Terrace, Herne Bay, Auckland

Located at 9 Galatea Terrace, Herne Bay, Auckland - City, this classic villa presents a unique opportunity for renovation enthusiasts. With 4 bedrooms and a floor area of 203m² on a 607m² freehold land, the property boasts wooden walls and an iron roof, both in average condition, dating back to 1900. The level contour of the property adds to its charm, making it a perfect candidate for a 21st Century Family home makeover. The existing structure includes 1 carpark and offers a generous contemporary living space that flows seamlessly into a sunny garden with a deck, patio, and flat lawn, all awaiting further development to maximize the stunning sea views.

The property has seen a significant increase in capital value, from $3,750,000 in July 2017 to $5,400,000 in June 2021, marking a 44% growth. The latest HouGarden AVM estimates its value at $5,175,000. Its sale history reveals a purchase at $3,550,000 in January 2024, showing a consistent appreciation from its $1,460,000 sale in April 2009.

Situated in a prime location, the property falls within the zones of highly regarded schools including Western Springs College (decile 8), Bayfield School (decile 10), Ponsonby Intermediate (decile 9), and Auckland Girls' Grammar School (decile 3), offering excellent educational opportunities for families. Herne Bay is one of Auckland's premier suburbs, known for its boutique shopping, great restaurants, cafes, and accessibility to the CBD, making it an ideal location for both living and investment.

Updated on April 06, 2024.