15 Marlborough Street, Mount Eden, Auckland

Nestled at 15 Marlborough Street, Mount Eden, Auckland, this freehold property boasts a generous 784sqm of level land area with a well-maintained brick exterior and iron roof, constructed in 1970. Consisting of three spacious one-bedroom units, each with an open-plan living area and a north-facing orientation, this rental flat complex offers a blend of timeless elegance and modern convenience. With a current Capital Value (CV) of $2,825,000, it has seen a remarkable increase of 39.5% from its previous CV of $2,025,000 in 2017. The property's HouGarden AVM is valued at $2,755,000, while the latest sale was recorded in 1992 at $165,000.

Boasting a CV growth percentage that speaks volumes about its investment potential, this property is complemented by its excellent school zones. Mt Eden Normal School, a decile 10 contributing school, and Mt Albert Grammar School, a decile 7 secondary school, are among the prestigious educational institutions in the area. Kowhai Intermediate School and Auckland Girls' Grammar School further enhance the appeal of this property for families with children of all ages.

With a triple carport and additional parking, this property is not only practical but also enjoys a prime location near Dominion Road, the CBD, and Eden Park. It's a rare opportunity that comes once in 51 years, offering the chance to own a piece of Mt Eden's charm and secure a prosperous future within a thriving community.

Updated on August 21, 2024