Nestled in the esteemed cul-de-sac of Marie Avenue, this 1929 classic bungalow exudes charm on a freehold 1019sqm section. With 3 bedrooms, an average-condition wood exterior, and iron roof, it offers a generous 250sqm floor area. The property's Capital Value (CV) has seen a rapid increase from $2,150,000 in 2017 to $2,550,000 as of 2021, reflecting a growth of 18.6%. The HouGarden AVM estimates the property's worth at $2,445,000, while the latest sale history includes a transaction at $2,200,000 in 2024 and $400,000 in 1998. This residence, with its potential for renovation or development, is complemented by its proximity to top schools. Baradene College, a secondary school with a decile rating of 9, Mt Roskill Intermediate at decile 4, and Three Kings School with a decile 7, are all within the zone.
The home's preserved character coupled with its expansive living areas, formal dining, and the possibility of configuring up to 4 bedrooms, presents a unique opportunity. The triple car garage, large basement, and the expansive northern-facing lawn and garden enhance the property's appeal. Located within walking distance to Monte Cecilia Park and in close proximity to Three Kings Primary, this home is not just a charming bungalow but a promising investment with development potential.
Marie Avenue is an address of note, perfectly situated for educational excellence, with easy access to the best that Royal Oak and PaknSave have to offer. This property is not to be missed, a prime example of bungalow charm with immense potential waiting to be realized.
Updated on October 23, 2024