472 Riddell Road, Saint Heliers, Auckland

Nestled on an idyllic 835m2 freehold site at 472 Riddell Road, St Heliers, Auckland, this residential property boasts 3 bedrooms, 1 bathroom, and 2 car parks. Constructed in 1945 with roughcast walls and tiled roofing, the building presents an average wall condition and a good roof condition. The site enjoys an easy to moderate fall contour, perfect for the visionaries seeking to transform this spacious property into their dream haven. Currently, it hosts two income-generating flats, a 2-bedroom and a 1-bedroom, providing a solid foundation for potential development.

With a government capital value of $2 million as of June 2021, a significant increase of 42.86% from the $1.4 million valuation in July 2017, and a HouGarden AVM of $1,518,500, this property's value is on the rise. The latest sale history includes a transaction in 2017 for $1.2 million and another in 2010 for $650,465, indicating a consistent growth trend. This is an opportunity not to be missed, especially with a $100,000 price reduction, making it an even more attractive investment.

For families with children, the property falls within the zones of top-rated schools such as Baradene College (decile 9), St Ignatius School (decile 10), Churchill Park School (decile 10), and Glendowie College (decile 10). These educational institutions offer a comprehensive range of learning opportunities for students of all ages.

Updated on July 04, 2024