1/40 Ngaiwi Street, Orakei, Auckland

Nestled at 1/40 Ngaiwi Street, Orakei, Auckland, this exquisite residential property boasts 4 bedrooms, 2 carparks, and a floor area of 235 square meters. Constructed in 1994 with roughcast walls and an iron roof, both in good condition, this cross-lease property is set on a steep rise, offering a million-dollar view of the city and harbour from all three levels. The government's capital value has seen a 10.26% increase from $1,950,000 in 2017 to $2,150,000 as of June 2021. HouGarden's AVM estimates the property at $2,092,500, while the latest sales were recorded at $2,025,000 in 2024 and $2,475,000 in 2022.

With a sophisticated interior, including premium carpets, American Oak timber flooring, and custom window treatments, the residence features a Shaker-style kitchen with top-of-the-range European appliances. The property's versatility is perfect for families, with zones that teens will love, and potential income from a guest suite with independent access. It's located in a prime position for both private and sought-after state school zones, including Baradene College (decile 9) and Orakei School (decile 4), with easy access to transport routes, beaches, and city amenities.

Not only does this property offer luxury and convenience, but it also presents possibilities, with its strategic location and potential for additional income, making it a perfect blend of prestige and potential in a quiet cul-de-sac.

Updated on August 01, 2024