Discover the exceptional opportunity at 34 Peach Road, Glenfield, Auckland - North Shore, a property with a rich history and immense potential. This residential vacant land, suitable for multiple housing, features a 5-bedroom structure with 1 carpark, covering a floor area of 138sqm on a sprawling 1643sqm land parcel. Built in 1977, the property has wood wall construction and tile roofing, both in average condition, and is situated on an easy/moderate fall contour. Ownership is freehold, offering a solid foundation for future development.
Since its last sale in 2011 for $525,000, the property's capital value has seen a remarkable increase, reaching $1,525,000 by June 2021, marking a 62.23% growth. Despite suffering damage during the Auckland Floods, its location on a lush, bush-enveloped site near Glenfield Shopping Centre, and not prone to flooding, adds to its allure. The current HouGarden AVM estimates its value at $1,500,000, highlighting its potential as a lucrative investment. The property is sold 'As Is Where Is', including all chattels, presenting a unique opportunity for developers, renovators, and red sticker recovery specialists.
Education is a priority, with the property zoned for Windy Ridge School (decile 7) and Glenfield Intermediate School (decile 6), ensuring access to quality schooling options. This property, despite its challenges, offers an extraordinary chance for those with vision to transform it into a valuable asset. Don't miss out on this incredible opportunity to invest in Auckland's North Shore.