5 Haughey Avenue, Three Kings, Auckland

Nestled on a prime 932sqm corner site at 5 Haughey Avenue, Three Kings, Auckland, this freehold property presents a unique opportunity for development. The existing 3-bedroom home, built in 1950 with wood exterior walls and tiled roofing, is in average condition and offers comfortable living with a heat pump and spacious interiors. The site, zoned for Mixed Housing Urban, boasts a capital value of $1,950,000 as of June 2021, marking a 39.29% increase from its $1,400,000 valuation in July 2017. The HouGarden AVM estimates the property's worth at $1,785,000, making it an attractive prospect for investors and developers alike.

With a promising history of value appreciation and a strategic location, this property is complemented by its school zones. It falls within the decile 9 Baradene College and the decile 4 Mt Roskill Grammar School zones, as well as the Mt Roskill Intermediate and Three Kings School catchments. These educational institutions are a significant draw for families seeking quality education.

Conveniently positioned with easy access to the SW motorway and Waterview Tunnel, and surrounded by local amenities, this property offers the perfect blend of tranquility and connectivity. With its subdividable potential (subject to Council approval), this is a golden opportunity not to be missed. Auction is set for 4pm this Thursday onsite, so act swiftly to secure this exceptional development prospect.

Updated on December 06, 2024