Nestled in a serene cul-de-sac of Eden Terrace, Auckland, this inviting 1-bedroom, 1-bathroom unit with a single carpark presents an ideal opportunity for first home buyers. Constructed with a robust fibrous cement exterior and iron roofing, this 2000-built home boasts a well-maintained condition and a level contour. The 62sqm floor area is testament to its spacious and modern design, perfect for owner occupiers. Holding a Unit Title, this property has seen a significant Capital Value (CV) increase of 30.43% from $460,000 in 2017 to $600,000 as of June 2021. The HouGarden AVM estimates the property's worth at $582,500, while the latest sale history shows a progression from $425,000 in 2017 to $490,000 in June 2024, indicating a promising investment prospect.
With a prime location comes the added benefit of being within the catchment area of esteemed schools. Auckland Grammar, a decile 9 secondary school, is among the notable institutions in the zone. Others include Newton Central School (decile 7), Mt Albert Grammar School (decile 7), Kowhai Intermediate School (decile 7), and Auckland Girls' Grammar School (decile 3), providing a comprehensive educational pathway for residents.
Set in a thriving suburb, less than 200 meters from Symonds Street, this property offers the best of both worlds - the convenience of city life without the hustle and bustle. Anticipated developments in Khyber Pass, K-Road, and the City Rail Loop are set to enhance the appeal and value of this already desirable address.
Updated on August 07, 2024