1/16 Belmont Terrace, Remuera, Auckland

Nestled in the esteemed Remuera, this 1-bedroom, 1-bathroom studio apartment at 1/16 Belmont Terrace is a gem on a level contour. Constructed in 1970 with concrete walls and a mixed-material roof, it exudes an average condition. The property, a Cross-Lease, holds a government valuation (CV) of $560,000 as of June 2021, showing a 36.6% increase from its $410,000 valuation in July 2017. The latest sale history includes a transaction at $540,000 in December 2020, up from $380,000 in March 2016. HouGarden AVM estimates the property at $542,500. The north-facing apartment is steps away from Newmarket's amenities, Auckland University, and the railway station, with easy motorway access. It features an open-plan living space, a sunny bedroom with an ensuite, ample storage, and a sun-drenched deck with valley views. Notably, it falls within the Double Grammar Zone, with Auckland Grammar and Epsom Girls' Grammar School, both decile 9, nearby.

With no Body Corp Fee and an annual outgoings of $3,310.92 including insurance, gas, and water, this property is not just an investment but a lifestyle choice. The motivated vendor invites you to secure this opportunity and book a viewing today.

Education wise, the property is zoned for high-performing schools such as Auckland Grammar, Epsom Girls' Grammar, Baradene College, and Remuera Intermediate, ensuring a quality education for your family. This is a chance to live in a sunny, north-facing haven in a prime location.

Updated on July 26, 2024