9 Thorley Street, Mount Eden, Auckland

Located at 9 Thorley Street, Mount Eden, Auckland - City, this unique property presents an exceptional investment opportunity. Comprising 3 x 2 bedroom brick and tile units on a single freehold title, this property is nestled in a quiet cul-de-sac, offering excellent basement storage and garaging for 4 cars. The units, built in 1966, are in great condition, with good wall construction of brick and average roof condition made of tiles. The property spans a floor area of 251 square meters on a level 610 square meter land, classified under Residential - Rental flats (purpose built).

From a financial perspective, the property has seen a significant increase in capital value, from $1,575,000 in July 2017 to $2,225,000 in June 2021, marking a 41.27% growth. The latest HouGarden AVM estimates the property's value at $2,190,000. It last sold for $950,000 on October 9, 2008, highlighting its substantial appreciation over time.

Education is a key feature of this property, situated within excellent school zones including Maungawhau School (decile 10), Auckland Normal Intermediate (decile 9), Mt Albert Grammar School (decile 7), and Auckland Girls' Grammar School (decile 3). These schools provide high-quality education options for families, making this property not only a wise investment but also a fantastic living opportunity.

Updated on April 02, 2024.