5 Montmere Avenue, Te Atatu Peninsula, Auckland - Waitakere

Nestled in the serene Montmere Avenue, a quiet cul-de-sac in Te Atatu Peninsula, Auckland, stands a residential dwelling on a 696sqm freehold section, just waiting to be transformed. This 5-bedroom, 3-carpark home, built in 1966 with iron roofing and fibrous cement walls, has an average condition both inside and out. The property, valued at $1,750,000 as per the latest government valuation in June 2021, has seen a remarkable increase of 65.34% from its $1,058,400 valuation in July 2017. With a flat contour and no floodplain issues, it's a developer's or investor's dream, especially in the high-potential THAB Zone.

History shows that the property last sold for $275,000 in 2003 and $211,500 in 1999, while HouGarden's AVM estimates the current value at $1,279,500. This prime piece of real estate is not just a number; it's a golden opportunity with a growth trajectory that's hard to ignore.

For families, the property falls within the decile 6 Te Atatu Intermediate and decile 5 Rutherford School and Rutherford College zones, ensuring quality education for all ages. St Paul's School in Massey, a decile 4 institution, is also within reach. Whether you seek a sound investment, a renovation project, or a family home in an excellent school district, this property is a rare find that promises endless possibilities.

Updated on November 15, 2024