Nestled in the serene cul-de-sac of Abercrombie Street, Howick, Auckland, this charming 2-bedroom, 1-bathroom residence with a single carpark, presents an inviting opportunity on a freehold title. Constructed in 1950 with wood walls and a fibrous cement roof, this 80sqm home sits on a level 646sqm section. The property has seen a significant jump in its Capital Value (CV), increasing from $830,000 in 2017 to the current $1,275,000 as of June 2021, a rise of 53.61%. HouGarden AVM estimates the property's worth at $1,185,000, reflecting its allure for potential investors and developers.
History records a thrilling auction where four parties vied intensely for this prime site, which has been in the same family for nearly two decades. Its location, zoned for mixed housing urban under the Auckland Unitary Plan, holds immense potential for high-density development. The property's convenient access to Howick Village, along with its inclusion in the Owairoa School, Howick Intermediate, and Howick College zones, adds to its already impressive value proposition.
For families with educational considerations, the property falls within the decile 9 Star of the Sea School and decile 8 Howick College, ensuring top-notch education for children of all ages. The nearby Sancta Maria College and Howick Intermediate, both with commendable decile ratings, further enhance the educational opportunities in this sought-after area.
Updated on June 13, 2024