129 Mount Smart Road, Onehunga, Auckland

Nestled on a generous freehold section of 581sqm, this charming 1920s bungalow at 129 Mount Smart Road, Onehunga, Auckland, offers immense potential. The property boasts 3 bedrooms, 1 bathroom, and a floor area of 113sqm. Constructed with wood walls and an iron roof, both in average condition, this residence is set on a contour with an easy to moderate fall. The CV has seen a remarkable increase from $1,025,000 in 2017 to $1,600,000 as of June 2021, reflecting a growth of 56.1%. The HouGarden AVM estimates the property's value at $1,329,500, making it an attractive investment. The property falls within the catchment area of several schools, including Baradene College (decile 9), Royal Oak Intermediate School (decile 2), Onehunga High School (decile 3), and Onehunga Primary School (decile 4), ensuring quality education for the family.

Despite the high CV, this home presents an opportunity to add value. The well-arranged floor plan is ripe for renovation, allowing you to customize the sought-after bungalow to your liking. The large double garage with two adjoining rooms, currently used as bedrooms, adds to the functionality. The expansive land is perfect for families, with potential for a vehicle gate and more, under the mixed housing urban zoning. The location is ideal, with Onehunga township, Royal Oak, and Cornwall Park within walking distance, and excellent transport links nearby.

With a rich history and potential for growth, this property is not just a home but a sound investment for the future.

Updated on June 19, 2024