158a Ladies Mile, Ellerslie, Auckland

Nestled in the serene Ellerslie, this 4-bedroom, 1-carpark property on 158a Ladies Mile boasts a capital value of $2,800,000 as of June 2021, indicating a significant increase of 43.59% from its $1,950,000 valuation in July 2017. This freehold property, built in 1970 with mixed materials for walls and tiles for roofing, sits on a 1,275sqm lot with a floor area of 147sqm. The property, in a condition deemed average for both walls and roof, offers a versatile terrain with easy to moderate rise, perfect for developers or families seeking potential subdivision and rebuild opportunities. The HouGarden AVM estimates the property's value at $2,605,000, making it an attractive prospect in a quiet cul-de-sac with prospects of further appreciation.

With a rich history, the property was extended in the 1980s, retaining its original mid-century charm, while the updated 1950s portion provides comfortable living spaces. The site's MHU zoning allows for a multitude of possibilities, from multi-generational living to developing multiple dwellings, conveniently located near the train station and motorway. The Ellerslie Village's thriving hub of cafes and shops is within walking distance, complemented by the high decile Ellerslie School and Baradene College, both at a decile 9 rating, ensuring quality education for the family.

Here is a canvas waiting to be transformed, a property that invites creativity and inspiration, ready to be shaped into a dream home after a lifetime of potential.

Updated on July 10, 2024