4/38 Mcrae Road, Mount Wellington, Auckland

Nestled in the serene cul-de-sac of Mcrae Road, Mount Wellington, this charming 2-bedroom, 1-bathroom residential unit is a perfect blend of classic charm and modern convenience. Constructed in 1960 with concrete walls and an iron roof, this cross-lease property sits on an easy-to-moderate fall contour and offers a floor area of 63 square meters. The absence of car parks is compensated by its proximity to public transport, including the train station, making it an ideal urban retreat for first home buyers and investors. Notably, the property has seen a significant Capital Value increase of 33.33% from $570,000 in 2017 to $760,000 as of June 2021. The HouGarden AVM estimates the property's value at $705,000, while the latest sale on August 4, 2021, was at $608,750.

For families with school-aged children, the property falls within the zones of Baradene College (decile 9), One Tree Hill College (decile 3), Bailey Road School (decile 3), and Sylvia Park School (decile 2), ensuring access to quality education. This home not only boasts a practical layout with modern kitchen and easy-to-clean wooden flooring but also enjoys the convenience of being within walking distance to Woolworths supermarkets and the Sylvia Park shopping mall. Security is enhanced with a dedicated carport and a security alarm, providing peace of mind for the residents.

With no body corporate fees to worry about and a quarter share of 1117sqm of land, this property presents an opportunity not to be missed. Embrace the tranquility of the cul-de-sac while having all the amenities of city life at your fingertips. Make this haven in Mount Wellington yours today.

Updated on June 11, 2024