1/27 Nikau Street, New Lynn, Auckland - Waitakere

Nestled in the serene cul-de-sac of Nikau Street, New Lynn, Auckland, this residential ownership home unit boasts a cozy 1-bedroom and 1-bathroom layout within a modest 50 square meters of floor area. Constructed in 1970 with durable brick walls and tile roofing, the property is in good condition both inside and out. It sits on level contour and is part of a Cross-Lease title, offering a unique opportunity for ownership without the hassle of body corporate fees. The property's capital value has seen a significant increase from $470,000 in 2017 to $630,000 as of June 2021, reflecting a growth rate of 34.04%. The latest sales history shows a progression from $189,000 in 2010 and $175,000 in 2005, while the current HouGarden AVM estimates it at $612,500.

For families with school-aged children, the property falls within the zones of several esteemed educational institutions. Kelston Intermediate has a decile rating of 2, Kelston Boys' High School and Kelston School are both rated 3, and Kelston Girls' College stands at a decile rating of 2. This prime location is minutes away from New Lynn Mall, public transportation, and motorway access, making it an ideal blend of convenience and tranquility. Whether you seek a starter home, an investment opportunity, or a peaceful retirement haven, this property is a gem waiting to be polished.

Act now! This is a rare chance to snap up a property with immense potential for improvement, and the vendors are highly motivated. Don't miss out on this urgent opportunity that comes without the burden of a body corporate – it's time to make a serious decision. This property is listed with Barfoot & Thompson, and it's ready for your consideration.

Updated on August 20, 2024