183 Orakei Road, Remuera, Auckland

Located at 183 Orakei Road, Remuera, Auckland - City, this freehold property boasts a floor area of 204 square meters on a substantial land area of 885 square meters. The residence, constructed in 1940, features 4 bedrooms, 2 bathrooms, and parking for 3 vehicles. Its concrete walls and iron roof, both in average condition, encase a home that has been thoughtfully updated to blend contemporary design with its original 1940s Art Deco architecture. The property's steep rise contour adds to its unique character, offering elevated views and a private setting.

The property has seen a notable increase in capital value, rising from $2,675,000 in July 2017 to $3,025,000 in June 2021, marking a 13.08% growth. This growth is supported by a HouGarden AVM estimate of $2,900,000. Historical sales data reveals a significant appreciation in value, with sales in June 2013 at $1,425,000 and a more recent sale in June 2019 at $1,900,000. This trajectory underscores the property's strong investment potential, particularly given its zoning for Mixed Housing Suburban, which offers opportunities for subdivision and development.

Situated within excellent school zones, the property provides access to top educational institutions including Baradene College (Secondary, Decile 9), Remuera Intermediate (Intermediate, Decile 8), Orakei School (Full Primary, Decile 4), and Selwyn College (Secondary, Decile 4). This prime location ensures a high-quality education for residents, making it an ideal choice for families.

Updated on April 05, 2024.