5 Dovedale Place, Parnell, Auckland

Located at 5 Dovedale Place, Parnell, Auckland - City, this immaculate three-bedroom terraced townhouse is a gem in the heart of Parnell. With a floor area of 106 square meters, the property boasts wood wall construction and iron roofing, both in average condition, reflecting its building age from the year 2000. The property is characterized by a level contour and comes with a single parking garage, offering a unit title ownership. This residence is perfect for those seeking the Parnell lifestyle without the hefty price tag, featuring a desirable end location over three levels, including a ground floor with internal access, laundry space, and a double bedroom with an en-suite, leading to a stone-walled courtyard full of potential.

The capital value of the property has seen a significant increase from $890,000 in July 2017 to $1,020,000 in June 2021, marking a 14.61% growth. The HouGarden AVM estimates the property's value at $1,005,000. Historical sales data reveals a sale for $262,000 in November 2003, following a previous sale for $235,000 in November 2002. The property's rental income appraisal suggests a potential income of between $800 to $900 per week when fully furnished, making it an attractive investment opportunity.

Education is a priority, with the property zoned for high-decile schools including Parnell School (Decile 9), Epsom Girls' Grammar School (Decile 9), Western Springs College (Decile 8), and Auckland Girls' Grammar School (Decile 3). Its prime location offers an easy stroll to Britomart, Countdown Supermarket, Parnell Village, and all central city hot spots, as well as proximity to Auckland University, Auckland Hospital, and major motorways. This property presents an incredibly affordable leasehold opportunity for those frustrated by unrealistic sellers, ready to be sold to the savvy buyer.