12 Belmont Terrace, Remuera, Auckland

Nestled in the prestigious Remuera neighbourhood, 12 Belmont Terrace stands as a testament to elegant living. This freehold property, built in 1900 with wood walls and iron roofing, both in good condition, boasts a floor area of 167sqm and is spread across a generous 369sqm of level land. The four-bedroom, three-bathroom home includes a parking space and presents a modernised, lock-up-and-leave lifestyle designed by the renowned Macintosh Harris. The capital value has seen a remarkable increase of 68%, from $1,875,000 in 2017 to $3,150,000 as of June 2021. HouGarden AVM estimates the property at $3,170,000, with the latest sale recorded at $3,450,000 in June 2022, a testament to its escalating value.

With a history of appreciating value, this property is not just an investment but a wise one. The recent sale history showcases a significant jump from $1,450,000 in October 2018 to the latest transaction, indicating a high demand for such a prime piece of real estate. The government valuation reflects the growing desirability of this quiet cul-de-sac, making it an attractive prospect for potential buyers.

Located in the highly sought-after Double Grammar Zone, the property is within walking distance to the esteemed Auckland Grammar, Epsom Girls' Grammar School, and Baradene College, among others. These schools, with high decile ratings, offer an unparalleled educational opportunity. The address not only guarantees a quality education but also easy access to the vibrant Newmarket shopping district, restaurants, and public transport, truly embodying the essence of upbeat, city-side living.

Updated on September 20, 2024