4/11 Balfour Road, Parnell, Auckland

Nestled in the serene Balfour Road of Parnell, Auckland, this 1-bedroom, 1-bathroom residential unit with a single carpark is a gem in the city. Constructed in 1970 with iron roofing and concrete walls in average condition, it sits on level contour. The home, with a floor area of 37sqm, is held under a Cross-Lease title. The property has seen a 24.49% increase in Capital Value from $490,000 in 2017 to the current $610,000 as of June 2021. HouGarden AVM estimates the property at $602,500, while the latest sales were at $457,500 in 2024 and $400,000 in 2023.

With a garden outlook and modern renovations, this unit is ready for occupation. It's conveniently located near Parnell's attractions like the Rose Gardens, Rosie Cafe, and Gastro Markets, with easy access to Tamaki Drive. The school zones are a highlight, including Auckland Grammar, Epsom Girls' Grammar, and Parnell School, all deciled 9. Whether you seek to downsize or invest, this property is an attractive opportunity, with rental potential around $600 per week.

For those considering their first home, this 42sqm unit (including courtyard) is worth a serious look, especially in consultation with a mortgage broker regarding its suitability for lending requirements. This Parnell Rockstar is waiting for your offer!

Updated on November 13, 2024