1048 New North Road, Mount Albert, Auckland

This 1930s brick and tile property, located at 1048 New North Road, Mount Albert, Auckland - City, is a testament to classic architecture and untapped potential. With two spacious bedrooms, a classic bathroom, and zero carparks, this freehold property spans a floor area of 108m2 and sits on a generous land area of 511m2. The property features average condition brick walls and tile roof, set on an easy/moderate rise contour, making it a canvas ready for transformation.

From its initial government valuation (CV) of $1,280,000 in 2017 to a significant increase to $1,600,000 by 2021, this property has shown a robust capital value increase of 25%. The latest HouGarden AVM estimates its value at $1,572,500. Historical sales data reveals a journey from $210,000 in 1998 to $467,500 in 2008, highlighting the property's appreciating value over time. This dwelling's rich history and potential for growth make it an attractive investment.

Located in a sought-after school zone, this property offers access to top-rated educational institutions including Gladstone School (Auckland) with a decile of 9, Mt Albert Grammar School with a decile of 7, Owairaka District School with a decile of 3, and Kowhai Intermediate School also with a decile of 7. These schools provide a range of educational opportunities for families looking to settle in the area.

Updated on March 21, 2024.