1/14 Eulogy Place, Randwick Park, Auckland - Manukau

Nestled in the tranquility of a quiet cul-de-sac at 1/14 Eulogy Place, Randwick Park, Auckland, this 1990-built residential dwelling boasts 3 bedrooms, 1 bathroom, and a single carpark. The property features mixed-material walls and an iron roof, both in average condition, sitting on a level contour. It is registered under a Cross-Lease title, offering a unique investment opportunity. The 81 square meter floor area has been efficiently utilized as a boarding house, generating impressive cash flow due to its prime location near public transport, shopping, and entertainment.

As per the latest valuation records, the property's Capital Value (CV) has seen a substantial increase from $500,000 in July 2017 to $680,000 as of June 2021, reflecting a growth rate of 36%. The HouGarden AVM estimates the property's value at $650,000, while the most recent sale history includes transactions at $435,000 in August 2018 and $128,000 in August 2003. Clearly, this is a property with a promising appreciation trajectory.

For families with educational considerations, the property falls within the zones of Alfriston College (Secondary, Decile 2) and Randwick Park School (Full Primary, Decile 1), ensuring access to quality education. This is an urgent sale opportunity that investors seeking strong returns and flexible settlement options should not miss. The auction is set for September 25th, and all conjunctional offers are welcome.

Updated on October 21, 2024