2 Farringdon Street, Glen Innes, Auckland

Nestled in the serene Farringdon Street of Glen Innes, Auckland, this charming residential dwelling on a freehold title was built in 1950. It boasts 2 bedrooms, 1 bathroom, a single carpark, and a spacious floor area of 80 square meters, all set on a generous 650 square meter section. The property features wood exterior walls and an iron roof, both in average condition. Its capital value has seen a rapid increase, reflecting a growth of 84.375% from $800,000 in 2017 to $1,475,000 as of June 2021. The HouGarden AVM estimates the property's worth at $1,412,500, while the latest sale records show a transaction of $1,850,000 in 2022 and another at $970,000 in 2024.

With a level contour and a quiet cul-de-sac location, the property is not only an ideal investment but also a perfect family home. The government's valuation history and the recent sale prices indicate a promising trend for capital gains in this property market.

For families with school-aged children, the property falls within the zones of Baradene College, a secondary school with a decile rating of 9, Glen Innes School, a full primary school with a decile rating of 1, and Tamaki College, another secondary school with a decile rating of 1. These educational institutions offer a range of options for quality schooling.

Updated on April 24, 2024