2/8 Margan Avenue, New Lynn, Auckland - Waitakere

Nestled in the serene Margan Avenue, this sun-drenched 3-bedroom, 2-bathroom unit with a single carpark presents an ideal opportunity for first-home buyers or astute investors. Constructed in 1999 with a roughcast exterior and tiled roof, this unit title property boasts a floor area of 115sqm. The property's capital value has seen a rapid increase from $520,000 in 2017 to $590,000 as of June 2021, reflecting a growth of 13.46%. The latest sales history includes transactions at $500,000 in 2016 and $525,000 in 2018, while the current HouGarden AVM estimates the property at $582,500. Despite the poor wall condition, the roof remains in good condition, and the property sits on a level contour.

As for the government valuation, the property has appreciated significantly, indicating a promising investment. The recent capital value growth further enhances the appeal for potential buyers. The property's location in a quiet cul-de-sac adds to its desirability, offering privacy and tranquility.

Educationally, the property falls within the zones of several schools, including Kelston Intermediate and Kelston Boys' and Girls' Colleges, all with varying decile ratings. New Lynn School and Blockhouse Bay Intermediate are also in close proximity, providing a range of schooling options. This address not only promises convenience with its proximity to Olympic Park and Lynn Mall but also offers a desirable lifestyle, being just 12 kms from the Auckland CBD.

Updated on November 04, 2024