29 Prince Regent Drive, Half Moon Bay, Auckland - Manukau

Nestled in the tranquil cul-de-sac of Prince Regent Drive, Half Moon Bay, this freehold property boasts a well-maintained brick exterior and a tile roof, constructed in the1970s. It features 3 bedrooms, 1 bathroom, and 2 car parks, spread across a floor area of 184 square meters on a spacious 685 square meter section. The property's capital value has seen a remarkable increase of 36.5% from $1,300,000 in 2017 to $1,775,000 as of June 2021. The HouGarden AVM estimates the property's value at $1,785,000, while the latest sales were recorded at $1,100,000 in 2016 and $621,000 in 2011.

With a current government valuation of $1,775,000, this property holds significant potential for investors. It is located within the Mixed Housing Suburban Zone, with approved consents for four standalone homes, offering a clear path for development. The existing single-level home, with its rental income potential, adds immediate value to the investment. The location is a major selling point, with easy access to amenities, public transport, and the Half Moon Bay Marina, just a short walk away.

For families, the property falls within the zones of Sancta Maria College (Decile 7), Pigeon Mountain School (Decile 8), Farm Cove Intermediate (Decile 8), and Pakuranga College (Decile 7), ensuring top-notch education for children of all ages. This combination of size, location, and development potential makes it an extraordinary opportunity for developers looking to make their mark in the Auckland property market.

Updated on September 20, 2024