44 Waiohua Road, Greenlane, Auckland

Nestled in a serene, tree-lined street at 44 Waiohua Road, Greenlane, Auckland, this 1930s freehold property offers a unique opportunity on a 706 sq.m section. The single-level brick and tile home with average condition walls and roof, boasts 2 bedrooms, 1 bathroom, and a separate lounge and dining area. With a conservatory, vast basement, and potential for extension, this residence invites imaginative transformations. The property, in a Mixed Suburban Zone, has a capital value that has doubled since 2017, now standing at $1,950,000, with a 100% increase. The HouGarden AVM estimates it at $1,867,500, while the latest sale was in 1992 for $80,000. It falls within the Ellerslie School, Remuera Intermediate, One Tree Hill College, and Baradene College zones, with the latter boasting a decile rating of 9. This is not just a home; it's a golden opportunity in a prime location.

Since the last sale 30 years ago, the capital value of this property has seen a remarkable growth of 100%. The latest government valuation reflects a CV of $1,950,000 as of June 2021, up from $975,000 in July 2017. The HouGarden AVM provides a competitive estimate, making it an attractive prospect for developers and investors. The property's potential for long-term land banking, rental income, or a complete renovation makes it a stand-out in the market.

Educationally, the property is zoned for some of Auckland's finest schools. Baradene College, a secondary school with a decile rating of 9, is within the zone, alongside Remuera Intermediate at decile 8, and Ellerslie School with a decile rating of 9. One Tree Hill College offers secondary education starting from Year 9, with a decile rating of 3. This property not only promises a quality lifestyle but also ensures access to quality education.

Updated on October 25, 2024