Nestled in the vibrant Mt Wellington suburb, this three-bedroom residential unit on a cross-lease title boasts a solid construction with a mix of materials for walls and tiled roofing. The property, built in 1981, has an average wall and roof condition and is set on a level contour. Inside, it offers a floor area of 180 square meters, featuring a separate laundry, family bathroom, and a guest toilet downstairs, complemented by a versatile flexi-room. The open-plan kitchen and dining flow into a separate lounge, which opens onto a covered deck, ideal for year-round entertainment. With a capital value of $1,125,000 as of June 2021, it has shown a significant increase of 33.93% since July 2017. The HouGarden AVM estimates the property at $1,077,500, while the latest sales were recorded at $335,000 in 2006 and $281,000 in 2003. This property is located in the catchment area of Baradene College (decile 9), One Tree Hill College (decile 3), and Sylvia Park School (decile 2), offering an excellent opportunity for families. Investors will find appeal in the stable rental income provided by a long-term tenant.
Owners are motivated to sell, presenting a golden opportunity to secure a property with immense potential for value addition and profit in a prime location with easy access to amenities, public transport, and motorway.
Whether you seek a home to live in, renovate, or add to your investment portfolio, this property in a sought-after school zone promises convenience, comfort, and potential.
Updated on October 29, 2024