3 Rielly Place, Mount Wellington, Auckland

Nestled in the serene cul-de-sac of 3 Rielly Place, Mount Wellington, Auckland, this 4-bedroom, freehold property built in 1970 offers a promising investment. The home, with its brick exterior and tiled roof, sits on a levelled 711sqm section with a fair wall condition and an average roof condition. Inside, the 115sqm floor area provides ample space for potential modernization. The property has seen a significant Capital Value increase of 63.04%, from $920,000 in 2017 to $1,500,000 as of June 2021. The HouGarden AVM estimates the property's value at $1,510,000, while the latest sale was recorded in 1998 for $210,000.

For families with school-aged children, the property falls within the zones of Baradene College (decile 9), One Tree Hill College (decile 3), and Panmure District School (decile 2), ensuring access to quality education. This, combined with its convenient location near transport and amenities, makes it an attractive proposition for both homeowners and developers.

With a rich history of being in the same family for over 40 years, this property now awaits its new chapter. Whether you seek a creative renovation project or a development opportunity, this property presents a fantastic opportunity in the sought-after Mt Wellington area. Don't miss the chance to transform this classic into your own modern marvel!

Updated on September 13, 2024