Nestled on a generous 966sqm freehold title in the Mixed Housing Urban Zone, this 4-bedroom, 5-carpark property is a versatile investment opportunity. Constructed in 1951 with brick walls and tiled roof, the dwelling sits on level contour and has an average wall and roof condition. The main house boasts three spacious bedrooms, an ensuite, separate living areas, and an open-plan kitchen and dining nook. A separate unit adds potential for extended family or rental income. The property has seen a CV increase of 83.33% from $900,000 in 2017 to $1,650,000 in 2021, with a HouGarden AVM of $1,227,500. The latest sale was in 2019 for $1,025,000. Educationally, the property falls within the decile 3 St Leonards Road School, decile 2 Kelston Intermediate, and both Kelston Boys' High School and Kelston Girls' College, which are decile 3 and 2 respectively.
With a reliable tenant in the front dwelling for ten years and the back dwelling vacant, this property offers immediate income potential. Its location provides easy access to amenities, transport, and the vibrant shopping experience at LynnMall. Whether for expansion, development, or as a comfortable home, this property presents a prime opportunity not to be missed.
Part of a sought-after school zone, the property is close to high-performing institutions, making it an ideal choice for families. The combination of comfort, convenience, and development potential makes this a lucrative investment in the heart of Kelston, Auckland.
Updated on October 04, 2024