2/401 East Coast Road, Mairangi Bay, Auckland - North Shore

Nestled in a serene environment at 2/401 East Coast Road, Mairangi Bay, this residential dwelling on Auckland's North Shore boasts 4 bedrooms, 2 bathrooms, and 2 car parks. Constructed in 1978 with iron roofing and glass walls, it offers a floor area of 160sqm. The property, with an average wall and roof condition, is held under a Unit Title. The 'As Is, Where Is' sale presents an exciting opportunity for investors and handy homeowners. The government's capital value has seen a rapid increase from $990,000 in 2017 to $1,175,000 as of 2021, reflecting a growth of 18.68%. HouGarden's AVM estimates the property at $1,092,500, while the latest sales were recorded at $651,000 in 2013 and $443,000 in 2008.

With a prime location, the property falls within the decile 10 school zones of Mairangi Bay School, Murrays Bay Intermediate, Murrays Bay School, and Rangitoto College, all highly-rated educational institutions. This, combined with the convenience of nearby public transport, local shops, and the proximity to the beach, makes it an attractive prospect for families and professionals alike.

For those seeking a rewarding project that promises a valuable return on investment, this property is a golden opportunity. Its potential is further enhanced by the easy, level access from a side lane, the breathtaking sea views from both levels, and the versatile layout that caters to various lifestyle needs.

Updated on May 03, 2024