86 Mead Street, Avondale, Auckland

Nestled on a serene cul-de-sac at 86 Mead Street, Avondale, Auckland, this 1962-built classic kiwi bungalow sits on a spacious 1120m2 of freehold land. It boasts 3 bedrooms, 1 bathroom, and a generous floor area of 94m2. The property features wood exterior walls and an iron roof, both in average condition. With a CV of $1,850,000 as of June 2021, this property has seen a remarkable growth of 72.1% since July 2017. The urgent sale by the elderly owner, moving to a retirement village after 35 years, presents a unique opportunity for developers and investors alike.

History shows a latest sale in 1989 for $98,000, while the current HouGarden AVM estimates the property at $1,775,000. This is an all-rounder gem in Avondale, with potential waiting to be unleashed. The mixed housing suburban zoning, along with on-site wastewater and nearby stormwater facilities, offers a golden prospect for the visionary. The private, flat, and spacious backyard is perfect for family events and summer BBQs.

For families with school-age children, the property falls within the zones of Rosebank School (Decile 2), Avondale Intermediate (Decile 2), and Avondale College (Decile 4). This is an opportunity not to be missed, especially with the property being sold $750,000 under the CV at auction on Thursday at 6pm.

Updated on April 12, 2024