Nestled in the serene cul-de-sac of Cormack Street, this 1955-built residential gem on a freehold title boasts 4 bedrooms and a generous floor area of 185 square meters. The property sits on an easy-to-moderate fall contour with wooden walls and tiled roofing, both in average condition. It offers a vast land area of 888 square meters, perfect for the family looking for space and tranquility. The property has seen a significant Capital Value increase of 25.58% from $1,075,000 in 2017 to $1,350,000 as of June 2021. The HouGarden AVM estimates the property's worth at $1,320,000, while the latest sale in 1987 was for $146,500.
With a CV growth that outpaces the market and a history of careful ownership, this property is not just a home but a sound investment. The location is further enhanced by its proximity to Lynfield College (Decile 6), May Road School (Decile 1), and Waikowhai Intermediate (Decile 5), ensuring top-notch education for the family. The property's potential is not just in its subdividable land but also in its appeal to banks and investors, making it an opportunity not to miss.
Set in a winter suntrap with a sundeck to bask in, this home invites you to enjoy the crackling log fire or the cool breeze from the nearby golf course. With ample parking, a large basement workshop, and storage galore, it's a home that offers both comfort and practicality. Be quick to secure this property, as the owner is eager to downsize and is very keen on doing business to secure their retirement plans.
Updated on August 09, 2024