Nestled on a spacious 1,083sqm lot in the serene Hauraki, Auckland, this freehold property at 26 Hororata Road boasts a versatile layout with 5 bedrooms, 1 bathroom, and a carpark. Constructed in 1963 with mixed materials for both the walls and roof, it presents a prime opportunity for investors or families seeking a home with income potential. The property, with a floor area of 200sqm, has seen a significant Capital Value increase of 46.55% from $2,320,000 in July 2017 to $3,400,000 as of June 2021. The HouGarden AVM estimates the property's value at $3,260,000, while the latest sales history shows a progression from $1,107,000 in 2012 to $1,268,000 in 2014.
Renowned for its family-friendly environment, the property falls within the decile 10 school zones of Hauraki School, Takapuna Grammar School, Belmont Intermediate, and Belmont School. The central location is not only convenient for education but also for lifestyle, being minutes away from the beautiful Takapuna Beach and with easy access to Daily Bread café and the Northboro Reserve. This property is not just a home; it's an investment in a desirable lifestyle.
With potential for land banking, renovation, or further development, this property is purpose-built for those seeking both comfort and financial returns. The main house features three large bedrooms and elevated views of the city and sea, while the secondary dwelling offers two bedrooms and a separate lounge opening onto an entertainment deck. Whether you choose to rent out both homes or reside in one while earning rental income, this property promises a secure investment in a sought-after area.
Updated on October 22, 2024